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NE area data

Farwell, NE

Farwell, NE.

Population: 150 (Census ACS)

Home values & appreciation

Median home value
$241,548
1-year appreciation
+2.0%
3-year appreciation
+13.3%
5-year appreciation
+18.1%
All-time peak (2025-02)
$243,926
House Price Index
431.4 (+2.1% YoY)

Market activity

1-year forecast
+1.9%

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
Very Low
Top hazards
hail, drought, strongWind

Climate (30-year normals)

Annual precipitation
29.0 in

Amenities

Nearest airport
Walts Aerial Service Airport (12 mi)
Nearest major airport
Central Nebraska Regional Airport (GRI) (25 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
EV charging stations (within 10 mi)
2
Solar radiation rating
Fair (4.3 kWh/m²/day)

Migration

Net migration
+40 tax filers

Housing stock

Median year housing built
1,941
Median annual property tax
$1,696
Households with broadband internet
16.2%

Employment & development

Total county employment
1,005
Average weekly wage
$704
Top industries (by employment)
Health Care, Wholesale Trade, Finance & Insurance
Annual residential building permits (county)
17

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