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Farnam

Learn about the people, housing, costs and businesses in Farnam, Nebraska

Median Home$322,400
Median Rent$788/month
Population200
Leading IndustriesEducation · Healthcare · Wholesale Trade4% education
Home Value Growth⬆⬆+18.5% over 2 years
Retirees25% of residentsabove average nationally
Homeowners75% of occupied units
Farnam
NE

Frequently Asked Questions

What are today's mortgage rates in Farnam?

As of today, the 30-year fixed mortgage rate for Farnam is approximately 6.911% (6.948% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Farnam?

The median home value in Farnam is $322k. The median monthly rent is $788. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Farnam?

Home values in Farnam have increased 18.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Farnam?

Based on a typical all-in ownership cost of $955/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Farnam is $82k/year.

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What industries drive the economy in Farnam?

The largest employment sectors in Farnam are public administration (18%) and healthcare (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.