Farwell, Michigan.
Typical home $201,959 (+10.5% in a year). Mount Pleasant, MI metro.
to buy the typical home at today's mortgage rate — +$619 (+140%) since Jan 2020.
- 1 year
- Up $19,250 +11%
- $182,710$201,959 since Sep 2025
- 5 years
- Up $47,267 +31%
- $154,692$201,959 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Farwell$1,060
- Michigan$1,384
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 13 years.
Typical home values in Farwell, MI rose 10.5% over the past year — faster than the nation's +1.2%.
Living in Farwell, Clare County, Michigan
Farwell is a village of 880 people in Clare County. Unemployment in Clare County was 6.1% in August 2026, and the county had 5.6% more jobs in 2025 than the year before. The most residents work in manufacturing, then restaurants and hotels.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Farwell is a small village in Clare County, Michigan, where people tend to know one another. Few adults hold a four-year degree, incomes in the county run on the modest side, and more households live below the poverty line than is typical across the country. Homes here cost less than in much of the state. Winters are cold, with January days staying around freezing and nights well below it, while summers turn warm and July is the hottest month. Rain and melted snow add up to a fairly ordinary amount over the year.
Work. Many residents work in manufacturing, in restaurants, hotels and entertainment, in shops, and in schools, hospitals and social care. Among the largest workplaces in Farwell are Lear Corporation - Farwell, an automotive supplier, Farwell Area Schools, and Melling Products, which makes hydraulic turbines. Unemployment across Clare County has eased a little over the past year, and the county has gained jobs. The typical commute is a moderate one, and very few people work from home.
Things to do. Lake Thirteen sits in or beside town, so a day by the water needs no real travel. Lost Lake is another lake just a short drive away. For something farther afield, Wilson State Park, a protected area, is a longer drive, and it suits a day set aside for time outdoors.
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- 387households
- 11%of adults have a degree
- 26%below the poverty line
- 24 mintypical commute
- 5%work from home
What residents work in
Employed residents by industry, from the Census survey. Clare County had 7,670 jobs in 2025, 5.6% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 30° and lows near 16°; warmest in July, with highs near 84° and lows near 61°. About 35 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Central Michigan Univ weather station, 18 miles away (NOAA).
Largest workplaces in Farwell
- Lear Corporation - FarwellAutomotive supplier213
- Farwell Area SchoolsSchool district185FTE
- Melling ProductsHydraulic turbines manufacturing72
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 2 workplaces with 20 or more staff, 285 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windVery high
- Winter weatherVery high
- LightningRelatively high
- Cold wavesRelatively high
- HailRelatively moderate
- TornadoesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Farwell’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Clare County and the Mount Pleasant, MI metro.
Farwell home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Farwell$201,959
- Michigan$263,760
- United States$366,157
Sellers are cutting prices on about 1 in 4 Farwell listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Farwell27.71%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Farwell36
New listings per month
Sellers arriving at the market.
- Farwell12
Zip codes with a Farwell address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Farwell — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.