Farwell, MI Real Estate
According to census data in the year 2000 there were 406 housing units in Farwell.
This represents a 11.8% growth from 363 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 406 were located in what is classified as a rural area.
Homeownership rate in Farwell is about 66.9%.
Farwell's vacancy rate, including seasonal lodging, is about 6.9%.
Average household size is 2.27 people.
The majority of houses, apartments or condos in Farwell were built after 1970.
|Housing Units by Size|
|Five Bedrooms or more||0.70%|
Owned Homes, Apartments and Condos
|Average Household Size||2.43|
|Median year structure was built||1965|
|Median Value of occupied units||$63,300|
|Median Price asked for vacant units||$68,300|
Rented Homes, Apartments and Condos
|Average Household Size||1.95|
|Median year structure was built||1974|
|Median Monthly Rent asked for vacant units||$250|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||2.40%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.6%|