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MI area data

Farwell, MI

Farwell, MI.

Population: 6,345 (Census ACS)

Home values & appreciation

Median home value
$210,113
1-year appreciation
+10.8%
3-year appreciation
+16.2%
5-year appreciation
+32.3%
10-year appreciation
+105.2%
All-time peak (2026-06)
$210,340
House Price Index
387.5 (+5.5% YoY)

Market activity

New listings (monthly)
11

Affordability

Cost of living index (Below Average)
92.0 (100 = US avg)
Electricity rate (state-level)
20.0¢/kWh
Natural gas rate (state-level)
$10.90/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
4
Elementary schools
1
Middle schools
1
High schools
2

Natural hazards & flood risk

Overall hazard risk
Relatively Low
Top hazards
strongWind, winterWeather, coldWave, lightning

Climate (30-year normals)

Annual precipitation
35.6 in

Amenities

Nearest airport
Clare County Airport (8 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
Solar radiation rating
Fair (3.8 kWh/m²/day)

Migration

Net migration
+152 tax filers

Housing stock

Median year housing built
1,979
Median annual property tax
$1,494
Mean commute to work
22 min
Households with broadband internet
51.7%

Employment & development

Total county employment
5,591
Average weekly wage
$893
Top industries (by employment)
Health Care, Accommodation & Food, Other Services
Annual residential building permits (county)
30

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents