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TX area data

Farwell, TX

Farwell, TX.

Population: 2,277 (Census ACS)

Home values & appreciation

Median home value
$196,540
1-year appreciation
+6.4%
3-year appreciation
+4.0%
5-year appreciation
+12.1%
10-year appreciation
+35.1%
All-time peak (2022-07)
$203,355
House Price Index
440.1 (-0.8% YoY)

Affordability

Cost of living index (Average)
96.5 (100 = US avg)
Electricity rate (state-level)
15.5¢/kWh
Natural gas rate (state-level)
$19.40/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Schools

Total schools
3
Elementary schools
1
Middle schools
1
High schools
1

Natural hazards & flood risk

Overall hazard risk
Relatively Moderate
Top hazards
drought, hail, winterWeather

Climate (30-year normals)

Average annual temperature
57.0°F
Average high
74.0°F
Average low
40.0°F
Annual precipitation
17.7 in
Annual snowfall
8.9 in

Amenities

Nearest airport
Hefner Farms Airport (5 mi)
Nearest major airport
Clovis Municipal Airport (CVN) (18 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
Solar radiation rating
Good (5.4 kWh/m²/day)

Migration

Net migration
-90 tax filers

Housing stock

Median year housing built
1,974
Median annual property tax
$2,243
Households with broadband internet
87.1%

Employment & development

Total county employment
5,614
Average weekly wage
$1,095
Top industries (by employment)
Health Care, Administrative Services, Wholesale Trade
Annual residential building permits (county)
3

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