Market Overview
Home Prices in Farwell, TX
The median home value in Farwell, TX is $199,016 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.4% compared to a year ago and down 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Farwell are priced51% below average.
Over the past five years, Farwell home values have risen by approximately14.8%, reflecting steady appreciation in this market.
Price History
Farwell Home Price Trend
2020
$149,846
$150K
—
2021
$173,407
$173K
+15.7%
2022
$203,817
$204K
+17.5%
2023
$189,570
$190K
-7.0%
2024
$193,249
$193K
+1.9%
2025
$187,032
$187K
-3.2%
2026
$199,016
$199K
+6.4%
City Comparison
Farwell vs. National Median
🏠 Farwell
$199,016
National Median
$410,000
At $199,016, homes in Farwell cost 51% 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
$39,803
on $199,016
Monthly P&I
$1,038/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,318/mo
incl. taxes & insurance
Income Needed
$52,720
gross annual (30% rule)
10% Down Option
$19,902
+ PMI applies
Loan Amount (20% dn)
$159,213
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, TX?
The median home value in Farwell is $199,016 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.4% year-over-year.
How much have home prices changed in Farwell?
Over the past year, home values in Farwell have increased by 6.4%. Over five years, prices have risen approximately 14.8%.
How much do I need to earn to buy a home in Farwell?
To comfortably afford the median home price of $199,016 with a 20% down payment ($39,803) at today's rates (6.8%), you'd need a gross annual income of approximately $52,720. 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 $199,016, homes in Farwell are 51% below the national average.