Farwell, TX Real Estate
According to census data in the year 2000 there were 563 housing units in Farwell.
This represents a 2.9% growth from 547 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 563 were located in what is classified as a rural area.
Homeownership rate in Farwell is about 81.3%.
Farwell's vacancy rate, including seasonal lodging, is about 8.7%.
Average household size is 2.58 people.
The majority of houses, apartments or condos in Farwell were built after 1963.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 6.70% |
| Two Bedrooms | 35.90% |
| Three Bedrooms | 46.70% |
| Four Bedrooms | 8.50% |
| Five Bedrooms or more | 0.70% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.61 |
| Median year structure was built | 1963 |
| Median Value of occupied units | $51,400 |
| Median Price asked for vacant units | $37,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1962 |
| Median Monthly Rent asked for vacant units | $308 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 0.60% |
| Home Equity Loan | 1.10% |
| Simple Mortgage | 44.50% |
| Debt Free | 53.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.4% |
