Farwell, MN Real Estate
According to census data in the year 2000 there were 29 housing units in Farwell.
This represents a 17.1% decline from 35 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 29 were located in what is classified as a rural area.
Homeownership rate in Farwell is about 91.7%.
Farwell's vacancy rate, including seasonal lodging, is about 17.2%.
Average household size is 2 people.
The majority of houses, apartments or condos in Farwell were built after 1939.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0% |
| One Bedroom | 6.90% |
| Two Bedrooms | 6.90% |
| Three Bedrooms | 27.60% |
| Four Bedrooms | 48.30% |
| Five Bedrooms or more | 10.30% |
Owned Homes, Apartments and Condos
| Average Household Size | 1.91 |
| Median year structure was built | 1939 |
| Median Value of occupied units | $23,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 3 |
| Median year structure was built | 1939 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0% |
| Home Equity Loan | 0% |
| Simple Mortgage | 27.30% |
| Debt Free | 72.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 12.5% |
