Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 54.7 yrs |
|---|---|
| Avg HH Size | 2.14 |
| Below Poverty | 5.1% ▼ 49% below avg |
| College Grads | 48.0% ▲ 24% above avg |
| Unemployment | 2.4% ▼ 50% below avg |
| No HS Diploma | 2 (0.3%) |
| HS Graduate | 160 (26.8%) |
| Some College | 48 (8%) |
| Associates | 101 (16.9%) |
| Bachelors | 140 (23.4%) |
| Graduate Degree | 147 (24.6%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $79,643 ≈ Avg |
|---|---|
| Median Home Value | $352,600 ▲ 26% above avg |
| Home/Income Ratio | 4.4x (nat avg ~3.5x) |
| Total Housing Units | 542 |
| Vacant Units | 182 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Farwell is a city in Minnesota, located in Pope County. The city spans 1 ZIP code and is home to approximately 771 residents. It is a mature city, with a median age of 54.7 years.
Economically, Farwell is a middle-income community. The median household income of $79,643 is near the national average. Approximately 5.1% of residents live below the poverty line. The unemployment rate is 2.4%, well below the national average.
The real estate market in Farwell is a mid-range housing market. Median home values stand at $352,600, which is above the national average. Homeownership is high at 98.9%, typical of suburban and family-oriented communities.
The population of Farwell is well-educated. 48.0% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (96.63%).
Farwell, MN offers residents above-average earning potential within Minnesota.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 56327 | 771 | $79,643 | $352,600 | — | 2.4% | 48.0% | 98.9% |