Farwell, MI housing market
The typical Farwell home is worth about $208,000, up 11.4% in a year, 22% below the Michigan typical home.
Home values, sales, trends and how Farwell compares with the towns next door — updated as new data is published.
Farwell at a glance
Typical home value, 2016–2026
Show as a table
| January | Farwell | Michigan |
|---|---|---|
| 2017 | $103,000 | $144,000 |
| 2018 | $108,000 | $155,000 |
| 2019 | $112,000 | $165,000 |
| 2020 | $124,000 | $175,000 |
| 2021 | $142,000 | $194,000 |
| 2022 | $160,000 | $217,000 |
| 2023 | $174,000 | $230,000 |
| 2024 | $174,000 | $241,000 |
| 2025 | $189,000 | $253,000 |
| 2026 | $202,000 | $262,000 |
| August 2026 | $208,000 | $266,000 |
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,040
HUD's Fair Market Rent for a two-bedroom in Farwell is $1,040 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Farwell pay a median of $513, so moving in tends to cost more than staying put.
Studio $760 · 4 bedrooms $1,650
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (48622; Clare County, MI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Farwell
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.