Market Overview
Home Prices in Farwell, MN
The median home value in Farwell, MN is $380,242 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.9% compared to a year ago and up 3.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Farwell are priced7% below average. Farwell is part of the Alexandria, MN metro area.
Over the past five years, Farwell home values have risen by approximately27.4%, reflecting strong long-term appreciation in this market.
Price History
Farwell Home Price Trend
City Comparison
Farwell vs. National Median
At $380,242, homes in Farwell cost 7% below the national median of $410,000. This makes Farwell a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Farwell?
20% Down Payment
$76,048
on $380,242
Monthly P&I
$1,983/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,518/mo
incl. taxes & insurance
Income Needed
$100,720
gross annual (30% rule)
10% Down Option
$38,024
+ PMI applies
Loan Amount (20% dn)
$304,194
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Farwell, MN?
The median home value in Farwell is $380,242 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.9% year-over-year.
How much have home prices changed in Farwell?
Over the past year, home values in Farwell have increased by 1.9%. Over five years, prices have risen approximately 27.4%.
How much do I need to earn to buy a home in Farwell?
To comfortably afford the median home price of $380,242 with a 20% down payment ($76,048) at today's rates (6.8%), you'd need a gross annual income of approximately $100,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Farwell compare to the national average home price?
The national median home value is approximately $410,000. At $380,242, homes in Farwell are 7% below the national average.
What metro area is Farwell part of?
Farwell is part of the Alexandria, MN metropolitan area. Home prices and market conditions can vary across the broader metro region.