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Farwell Area Schools Housing

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House Price of School Districts Nearby

As of 2010-2014, median price of a house in Farwell Area Schools is $85,600, which is lower than the state average of $120,200 and is much lower than the national average of $175,700. The median year that a house in Farwell Area Schools was built is 1977, which is newer than the median year for a house built in the state which is 1969 and is about the same as the median year for a house built in the USA which is 1976.

Topics:House Value Housing Occupancy Year Structure Built Mortgage Status Mortgage Owner's Costs None-Mortgage Owner's Costs Units in Structure Rooms Bedrooms House Heating Fuel Gross Rent Vehicle Available

House Value

Median Value of a Total of 3,899 Owner Occupied Houses in Farwell Area Schools, #447

Farwell Area Schools	85,600 USD
Michigan	120,200 USD
U.S.	175,700 USD

Median House Price Growth Since 2005-2009, see rank

Farwell Area Schools		-11.66%
Michigan		3.98%
U.S.		46.91%

*The Farwell Area Schools median house price growth rate is since 2005-2009. The Michigan and U.S population growth rate is since 2000.

Ranks: $50K or Less, $50-100K, $100-150K, $150-200K, $200-300K, $300-500K, $500-1M, $1M or More

*Based on 2010-2014 data. View historical house value data.

Housing Occupancy

	Farwell Area Schools	Michigan	U.S.
Total Housing Units	8,377, see rank, 100%	4,532,719	132,741,033
Occupied Housing Units	4,545, 54.26%, see rank	84.45%	87.55%
Owner Occupied	3,899, 46.54%, see rank	60.41%	56.34%
Renter Occupied	646, 7.71%, see rank	24.04%	31.21%
Vacant Housing Units	3,832, 45.74%, see rank	15.55%	12.45%
For Rent	32, 0.38%, see rank	1.84%	2.34%
For Sale Only	173, 2.07%, see rank	1.40%	1.20%
Rented or Sold, Not Occupied	41, 0.49%, see rank	1.04%	0.92%
For Seasonal, Recreational, or Occasional Use	3,437, 41.03%, see rank	6.26%	3.97%
For Migrant Workers	0, 0.00%, see rank	0.05%	0.03%
Other Vacant	149, 1.78%, see rank	4.96%	4.00%

*Based on 2010-2014 data. View historical housing occupancy data.

Year Structure Built

Median Built Year, #140

Farwell Area Schools	Michigan	U.S.
1977	1969	1976

Ranks: 1995 or earlier, 1960-1969, 1970-1979, 1980-1989, 1990-2000, 2000-2010

*Based on 2010-2014 data. View historical year structure built data.

Mortgage Status

	Farwell Area Schools	%	Michigan	U.S.
Owner-Occupied Units	3,899	100%	2,738,012	74,787,460
With a Mortgage	2,219	56.91%, see rank	63.63%	65.58%
Without a Mortgage	1,680	43.09%, see rank	36.37%	34.42%

*Based on 2010-2014 data. View historical mortgage status data.

Monthly Owner Costs for Housing Units with a Mortgage

Median Owner Costs, see rank

Farwell Area Schools	943 USD
Michigan	1,295 USD
U.S.	1,522 USD

Owner Costs Distribution

Monthly Owner Costs	Farwell Area Schools	%	Michigan	U.S.
$299 or Less	2	0.09%, see rank	0.19%	0.20%
$300 to $499	119	5.36%, see rank	1.88%	1.59%
$500 to $699	351	15.82%, see rank	6.65%	5.01%
$700 to $999	790	35.60%, see rank	19.56%	14.32%
$1,000 to $1,499	638	28.75%, see rank	34.69%	27.90%
$1,500 to $1,999	216	9.73%, see rank	20.06%	20.35%
$2,000 to $2,999	83	3.74%, see rank	12.84%	19.52%
$3,000 or More	20	0.90%, see rank	4.13%	11.12%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Farwell Area Schools	26.00% of the Total Income
Michigan	22.60% of the Total Income
U.S.	23.70% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Farwell Area Schools	%	Michigan	U.S.
10% or Less	62	2.79%, see rank	5.90%	5.86%
10% to 20%	652	29.38%, see rank	35.28%	31.95%
20% to 30%	640	28.84%, see rank	27.51%	27.64%
30% to 40%	335	15.10%, see rank	12.63%	13.74%
40% or More	530	23.88%, see rank	18.20%	20.29%

*Based on 2010-2014 data. View historical monthly owner costs for housing units with a mortgage data.

Monthly Owner Costs for Housing Units without a Mortgage

Median Owner Costs, see rank

Farwell Area Schools	330 USD
Michigan	463 USD
U.S.	457 USD

Owner Costs Distribution

Monthly Owner Costs	Farwell Area Schools	%	Michigan	U.S.
$199 or Less	193	11.49%, see rank	4.74%	7.76%
$200 to $299	513	30.54%, see rank	12.46%	14.70%
$300 to $499	747	44.46%, see rank	40.41%	34.63%
$500 to $699	168	10.00%, see rank	25.95%	21.16%
$700 or More	59	3.51%, see rank	16.44%	21.75%

Owner Cost as a Percentage of the Total Income, Median Percentage, see rank

Farwell Area Schools	13.30% of the Total Income
Michigan	13.40% of the Total Income
U.S.	12.30% of the Total Income

Owner Cost as a Percentage of the Total Income, Distribution

	Farwell Area Schools	%	Michigan	U.S.
10% or Less	606	36.07%, see rank	35.33%	40.19%
10% to 20%	553	32.92%, see rank	33.76%	31.47%
20% to 30%	249	14.82%, see rank	13.39%	12.24%
30% to 40%	87	5.18%, see rank	6.18%	5.64%
40% or More	156	9.29%, see rank	9.99%	9.16%

*Based on 2010-2014 data. View historical monthly owner costs for housing units without a mortgage data.

Units in Structure

	Farwell Area Schools	Michigan	U.S.
Total Housing Units	8,377, 100%	4,532,719	132,741,033
1-unit, Detached	6,738, 80.43%, see rank	71.97%	61.65%
1-unit, Attached	6, 0.07%, see rank	4.66%	5.82%
2 Units	13, 0.16%, see rank	2.58%	3.75%
3 or 4 Units	11, 0.13%, see rank	2.56%	4.43%
5 to 9 Units	24, 0.29%, see rank	4.20%	4.78%
10 or More Units	27, 0.32%, see rank	8.58%	13.08%
Mobile Home, Boat, RV, Van, etc.	1,558, 18.60%, see rank	5.45%	6.49%

*Based on 2010-2014 data. View historical units in structure data.

Rooms

	Farwell Area Schools	Michigan	U.S.
Total Housing Units	8,377, 100%	4,532,719	132,741,033
1 Room	171, 2.04%, see rank	1.24%	1.95%
2 Rooms	298, 3.56%, see rank	1.78%	2.48%
3 Rooms	980, 11.70%, see rank	7.14%	9.13%
4 Rooms	1,763, 21.05%, see rank	14.38%	16.60%
5 Rooms	2,184, 26.07%, see rank	21.00%	20.41%
6 Rooms	1,248, 14.90%, see rank	20.07%	18.06%
7 Rooms	698, 8.33%, see rank	13.45%	12.27%
8 Rooms	519, 6.20%, see rank	9.27%	8.48%
9 Rooms or More	516, 6.16%, see rank	11.67%	10.60%
Median Rooms	4.90, see rank	5.70	5.50

*Based on 2010-2014 data. View historical rooms data.

Bedrooms

	Farwell Area Schools	Michigan	U.S.
Total Housing Units	8,377, 100%	4,532,719	132,741,033
No Bedroom	175, 2.09%, see rank	1.35%	2.17%
1 Bedroom	834, 9.96%, see rank	9.11%	11.16%
2 Bedrooms	3,110, 37.13%, see rank	26.33%	26.69%
3 Bedrooms	3,380, 40.35%, see rank	43.93%	39.70%
4 Bedrooms	647, 7.72%, see rank	15.80%	16.05%
5 or More Bedrooms	231, 2.76%, see rank	3.47%	4.22%

*Based on 2010-2014 data. View historical bedrooms data.

House Heating Fuel

	Farwell Area Schools	Michigan	U.S.
Total Housing Units	4,545, 100%	3,827,880	116,211,092
Utility Gas	2,061, 45.35%, see rank	77.13%	48.85%
Bottled, Tank, or LP Gas	1,576, 34.68%, see rank	8.48%	4.86%
Electricity	266, 5.85%, see rank	8.30%	36.68%
Fuel Oil, Kerosene, etc.	33, 0.73%, see rank	1.40%	5.86%
Coal or Coke	11, 0.24%, see rank	0.03%	0.12%
Wood	491, 10.80%, see rank	3.39%	2.12%
Solar Energy	0, 0.00%, see rank	0.02%	0.05%
Other Fuel	87, 1.91%, see rank	0.86%	0.47%
No Fuel Used	20, 0.44%, see rank	0.39%	1.00%

*Based on 2010-2014 data. View historical house heating fuel data.

Gross Rent

Monthly Rental	Farwell Area Schools	Michigan	U.S.
Occupied Units Paying Rent	534, 100%	1,028,835	39,201,928
$199 or Less	12, 2.25%, see rank	1.86%	1.50%
$200 to $299	16, 3.00%, see rank	3.88%	3.18%
$300 to $499	67, 12.55%, see rank	9.32%	7.37%
$500 to $699	156, 29.21%, see rank	23.63%	16.01%
$700 to $999	238, 44.57%, see rank	35.23%	29.17%
$1,000 to $1,499	42, 7.87%, see rank	20.17%	26.88%
$1,500 to $1,999	3, 0.56%, see rank	3.85%	9.79%
$2,000 or More	0, 0.00%, see rank	2.06%	6.10%
Median	$709, see rank	$780	$920

*Based on 2010-2014 data. View historical gross rent data.

Vehicle Available

	Farwell Area Schools	Michigan	U.S.
Occupied Housing Units	4,545, 100%	3,827,880	116,211,092
No Vehicles Available	233, 5.13%, see rank	7.97%	9.12%
1 Vehicles Available	1,669, 36.72%, see rank	35.06%	33.80%
2 Vehicles Available	1,811, 39.85%, see rank	38.45%	37.48%
3 or More Vehicles Available	832, 18.31%, see rank	18.52%	19.61%

*Based on 2010-2014 data. View historical vehicle available data.