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NE area data

Farnam, NE

Farnam, NE.

Population: 361 (Census ACS)

Home values & appreciation

Median home value
$215,152
1-year appreciation
+4.7%
3-year appreciation
+11.0%
5-year appreciation
+21.8%
10-year appreciation
+57.1%
All-time peak (2026-05)
$217,197
House Price Index
431.4 (+2.1% YoY)

Market activity

1-year forecast
+3.1%

Affordability

Cost of living index (Below Average)
90.5 (100 = US avg)
Electricity rate (state-level)
12.3¢/kWh
Natural gas rate (state-level)
$11.40/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Natural hazards & flood risk

Overall hazard risk
Relatively Low
Top hazards
drought, hail, strongWind, winterWeather, tornado

Climate (30-year normals)

Annual precipitation
24.9 in

Amenities

Nearest airport
Fiese Airstrip (12 mi)
Nearest major airport
North Platte Regional Airport Lee Bird Field (LBF) (38 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
Solar radiation rating
Good (4.5 kWh/m²/day)

Migration

Net migration
-122 tax filers

Housing stock

Median year housing built
1,948
Median annual property tax
$1,456
Mean commute to work
26 min
Households with broadband internet
78.6%

Employment & development

Total county employment
9,400
Average weekly wage
$905
Top industries (by employment)
Accommodation & Food, Health Care, Wholesale Trade
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