Farwell, MN—56327
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Farwell, MN
Farwell, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $373,000 | 4.4% |
| Single Family | $372,000 | 3.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Farwell, MN
Farwell, MN lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Farwell, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Farwell, MN is 136. This is a increase of 80.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $352,000 | -20.0% |
Listing Count | 3 | 60.0% |
| Listings as % of Homes | 0.4% | 60.0% |
Days on Market | 136 | 80.0% |
Demographics — Farwell, MN
As of the latest ACS Survey released in 2023, Farwell, MN has a population of 771, which has decreased by -3.6% over the past 5 years. Farwell, MN is a moderately popular place for families, as children make up 18.4% of the population. The area has a moderately educated workforce, with 26.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 771 | -3.6% |
% Under 18 | 18.4% | -21.4% |
% Seniors | 29.2% | 41.7% |
% WFH | 19.8% | 27.7% |
% w/ College Degree | 26.1% | -15.3% |
As of the latest ACS Survey released in 2023, Farwell, MN is a predominantly white area, with 96.6% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Farwell, MN is black, making up 0.6% of the population. Foreign-born residents account for 0.4% of the population in Farwell, MN, and this percentage has decreased by 42.9% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.6% | -1.8% |
% Black | 0.6% | ∞% |
% Hispanic | 0.5% | ∞% |
% Asian | 0.1% | -80.0% |
% Foreign Born | 0.4% | -42.9% |
Mortgage and Risk — Farwell, MN
Farwell, MN lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Farwell, MN
Farwell, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $860 |
| 2 Bedroom | N/A | N/A | $1,080 |
| 3 Bedroom | N/A | N/A | $1,400 |
| 4 Bedroom | N/A | N/A | $1,430 |
Affordability — Farwell, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4 |
| Median Home Price | $373,000 |
| Median Household Income | $79,600 |