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MN area data

Farwell, MN

Farwell, MN.

Population: 729 (Census ACS)

The typical home value in Farwell, MN is $394,265 — up 3.7% over the past year. Homes sell for a median $349,900 after a median 65 days on market. FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with winter weather, cold wave, strong wind the top-rated hazards. Cost of living is 11.4% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$394,265

Typical home value

+3.7%

1-year change

65

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

Typical home value
$394,265
1-year appreciation
+3.7%
3-year appreciation
+14.6%
5-year appreciation
+29.8%
10-year appreciation
+92.7%
Peak value since 2000 (Aug 2026)
$394,265
House Price Index (state)
442.4 (+2.4% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$349,900
Median list price
$674,990
Median price per sqft
$189
1-year sale-price change
-8.7%
Median days on market
65 days
Homes sold (recent period)
7
For-sale inventory
8
Sale-to-list ratio
99.4%
Active listings
3
1-year forecast
+3.6%
New listings (monthly)
2

Source: recent area sales and market data (ZIP-level)

Rents

Studio fair-market rent
$758/mo
1BR fair-market rent
$832/mo
2BR fair-market rent
$1,088/mo
3BR fair-market rent
$1,325/mo
4BR fair-market rent
$1,430/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Low)
88.6 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
winter weather, cold wave, strong wind
Notable hazard ratings (county)
winter weather: Relatively High · cold wave: Relatively Moderate · strong wind: Relatively Moderate · hail: Relatively Low · drought: Relatively Low · tornado: Relatively Low
Wildfire risk to homes (county)
Higher than 34% of US counties
Buildings in wildfire direct-exposure zone
55.7%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA NFIP flood-insurance claims (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
42.0°F
Average high
52.0°F
Average low
32.0°F
Annual precipitation
27.0 in
Annual snowfall
44.6 in
USDA plant hardiness zone
4b (extreme annual low -25 to -20°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Amenities

Airports within 30 mi
12
Nearest airport
Starbuck Municipal Airport (10 mi)
Nearest major airport
Chandler Field (AXN) (15 mi)
Hospitals in or near this ZIP
9
Hospitals include
ALOMERE HEALTH, COMMUNITY BEHAVIORAL HEALTH HOSPITAL ALEXANDRIA, LAKEWOOD HEALTH SYSTEM
Avg hospital rating (CMS)
4.0 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (3.8 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data (same ZIP, else within ~40 mi) · DOE/NREL (proximity-based)

Migration

Net migration (county)
+25 tax filers

Source: IRS SOI county-to-county migration (county-level; published with a multi-year lag)

Housing stock

Median year housing built
1987
Housing built before 1970
22.2%
Housing built 2000 or later
35.1%
Median annual property tax
$2,364
Mean commute to work
21 min
Households with broadband internet
81.5%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
3,397
Average weekly wage
$1,051
Top industries (by employment)
Wholesale Trade, Accommodation & Food, Construction
Annual residential building permits (county)
33

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

FarwellState medianUS median
Typical home value$394,265$300,176$288,527
Median sale price$349,900$315,500$325,000
Median days on market65 days39 days51 days
Median annual property tax$2,364$2,128$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the typical home value in Farwell, MN?
$394,265.
What is the median sale price in Farwell, MN?
$349,900.
How long do homes take to sell in Farwell, MN?
Median days on market: 65 days.
What is typical rent in Farwell, MN?
2-bedroom fair-market rent: $1,088/month (HUD FMR — a 40th-percentile regulatory reference, not market-observed).
What is the natural-hazard risk in Farwell, MN?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: winter weather, cold wave, strong wind.
What is the wildfire risk in Farwell, MN?
Risk to homes is higher than 34% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in Farwell, MN?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near Farwell, MN?
No current or proposed National Priorities List sites within 5 miles (EPA).
What is the cost of living in Farwell, MN?
Regional Price Parity: 88.6 (100 = US average) (Low) (BEA RPP, metro/state-level).

ZIP code for Farwell

Listing a home in Farwell, MN?

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Data last updated

Most recent source refresh: Oct 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents