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Farwell

Learn about the people, housing, costs and businesses in Farwell, Pennsylvania

Median Home$92,600
Median Rent$695/month
Population265
Leading IndustriesInformation & Media · Wholesale Trade · Finance & Insurance12% information & media
Home Value Growth⬆⬆+12.4% over 2 years
Retirees29% of residentswell above average
Homeowners73% of occupied units
NotableAffordable Market$93k median home · lower cost than 94% of the country
NotableVeteran Community9% of residents · top 22% nationally
Farwell
PA

Frequently Asked Questions

What are today's mortgage rates in Farwell?

As of today, the 30-year fixed mortgage rate for Farwell is approximately 6.988% (7.027% 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 Farwell?

The median home value in Farwell is $93k. The median monthly rent is $695. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Farwell?

Home values in Farwell have increased 12.4% 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 Farwell?

Based on a typical all-in ownership cost of $679/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Farwell is $45k/year.

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What industries drive the economy in Farwell?

The largest employment sectors in Farwell are public administration (28%) and wholesale trade (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.