Housing in Farwell, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$190,665
Farwell vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Farwell is highlighted.
Median Home Value
19th%ilemost expensive$95,800show rank
Median Rent
3rd%ilemost expensive rent$496show rank
Rent Burden
22nd%ilehighest rent burden14.6%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$95,800
Median Rent
$496
Total Housing Units
451
Vacancy Rate
14.9%
Owner Occupied
64.6%
Renter Occupied
35.4%
Median Property Tax
$1,314
per year
Monthly Cost (w/ Mortgage)
$931
Housing Types
Single Family63.4%
Multi-Family24.2%
Mobile Home12.4%
The median home value in Farwell, MI is $95,800. According to Zillow, the home value index for Farwell is $190,665. The median rent is $496 per month (Census ACS). About 64.6% of housing units are owner-occupied. The median year homes were built is 1974. There are 451 total housing units.