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Farnsworth

Learn about the people, housing, costs and businesses in Farnsworth, Texas

Median Home$211,800
Median Rent$1,689/month
Population69
Leading IndustriesAgriculture & Mining · Manufacturing · Construction32% agriculture & mining
Home Value Growth⬆⬆+11.1% over 2 years
Family-Friendly38% of residentstop 1% nationally
Homeowners85% of occupied units
NotableTransit81/100 · excellent transit access
Farnsworth
TX

Frequently Asked Questions

What are today's mortgage rates in Farnsworth?

As of today, the 30-year fixed mortgage rate for Farnsworth is approximately 6.946% (6.984% 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 Farnsworth?

The median home value in Farnsworth is $212k. The median monthly rent is $1,689. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Farnsworth?

Home values in Farnsworth have increased 11.1% 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 Farnsworth?

Based on a typical all-in ownership cost of $1,020/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Farnsworth is $66k/year.

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What industries drive the economy in Farnsworth?

The largest employment sectors in Farnsworth are agriculture and mining (32%) and public administration (24%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.