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Farwell 48622

ZIP codeThe kind of area this report covers. Neighborhood areas nest inside each other, from broad districts down to small pockets.Michigan
$11K
Median sale priceThe middle sale price each month, counting normal open-market sales. The average runs above the median when a few expensive sales pull it up. Bars show how many homes sold.
1
Sales (12 mo)How many homes sold here in the last 12 months. More sales make the other numbers more reliable.
$182K
Median valueThe middle estimated value of all homes here, not just the ones that recently sold.

Deed records through Oct 2017 · Quarterly intervals (lower sales volume)Counties take time to publish deeds, so the newest months can be incomplete and may shift as more records arrive.

Housing Stock

HomesHow many homes we have records for in this area.3,460
Median value (AVM)The middle estimated value of all homes here, not just the ones that recently sold.$182K
Median sizeThe middle home size here, measured in square feet.1,244 ft²
Median bedroomsThe middle bedroom count for homes here.3
Median year builtThe middle build year for homes here. A recent year means most housing is newer.1980
Single familyThe share of homes here that are single-family houses.100%

Equity & Ownership

Equity rich (LTV ≤ 50%)The share of owners who owe half or less of what their home is worth, meaning they hold a lot of equity.90%
Underwater (LTV ≥ 125%)The share of owners who owe at least 25% more than their home is worth.0%
Owner occupiedThe share of homes lived in by their owner rather than rented out or left empty.69%
Company ownedThe share of homes owned by a company or trust instead of a person.11%
Median loan-to-valueThe middle share of home value still owed on loans across all owners here.0%
Typical ownership tenureHow long the typical owner here has held their home.126.6 yrs

CommunityThese are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.109
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.92
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.12

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.76%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.11%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.18%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.8%
PopulationHow many people live in this area.5,777
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.66 / mi²
Median household incomeThe middle household income here — half of households earn more, half earn less.$58K
Average household incomeThe average household income. It runs higher than the median when a few high earners pull it up.$69K
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.32 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.50%

How Farwell 48622 compares

By median home value, Farwell 48622 is the 2nd most expensive of 4 ZIP codes in Clare County, and its typical home is worth more than 59% of all homes in Clare County.

Home values in Farwell 48622

Share of homes at each estimated value.

Median
$57K$432K
ZIP codes in Clare County ranked by median home value
#Clare CountyMedian valueHomes
1Clare 48617$196K2,982
2Farwell 48622$182K3,460
3Lake 48632$174K5,692
4Harrison 48625$139K11,888

About the Farwell 48622 market

What is the median home price in Farwell 48622, MI?

The median sale price in Farwell 48622, MI is $11,100 (data through October 2017), based on deeds recorded with the county.

How many homes sell in Farwell 48622, MI each year?

1 homes sold in Farwell 48622, MI over the last 12 months (data through October 2017). TopHap counts recorded arm's-length deeds, not listings, so the figure is not affected by which brokerage handled the sale.

How many homes are there in Farwell 48622, MI?

Farwell 48622, MI contains 3,460 residential properties, with a median of 1,244 square feet, 3 bedrooms, built around 1980. The median TopHap Estimate is $182K.

How does Farwell 48622, MI compare to the rest of Clare County?

By median home value, Farwell 48622, MI is the 2nd most expensive of 4 ZIP codes in Clare County. Its typical home is worth more than 59% of all homes in Clare County. Clare 48617 ranks just above it and Lake 48632 just below. The ranking is rebuilt nightly from the county assessor record of every home in each area.

Do people own or rent in Farwell 48622, MI?

69% of homes in Farwell 48622, MI are owner-occupied. 11% are held by a company rather than an individual.

How much equity do owners in Farwell 48622, MI hold?

90% of mortgaged homes in Farwell 48622, MI are equity-rich, meaning the loan balance is under half the home's value. 0.0% owe more than the home is worth.

Nearby markets

Browse addresses

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Explore Farwell 48622 on the map

See every recorded sale, price heat map, school zone and flood overlay across Farwell 48622in TopHap’s interactive 3D map.

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