HomeMichiganClare CountyFarwell village
Farwell village, Michigan: commercial real estate data.
Farwell village is a Census village of 974 people across 1.37 square miles of land, in Clare County. Median household income is $42,188, 69.3 percent of occupied homes are owned, and the SBA record carries 8 7(a) approvals to borrowers here worth $2.7 m.
70 sourced place values · tier FULL · 8 sections · underlined figures are computed by MMCG Analytics, not published by the agency
Farwell
What Farwell is
- Census place typevillage
- Land area1.37 sq mi
- Water area0.05 sq mi
- Population per square mile of land713 plus or minus 156
- County holding the largest share of its areaClare County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Farwell
How many people live in Farwell
- Population974 plus or minus 213
- Median age43.1 plus or minus 11.8
- Population under 18228 plus or minus 63
- Share under 1823.4 percent
- Population 65 and over191 plus or minus 62
- Share 65 and over19.6 percent plus or minus 4.8
- Households387 plus or minus 78
- Family households242 plus or minus 60
- Share of households that are families62.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Farwell
Income and work in Farwell
- Median household income$42,188 plus or minus $13,965
- Per capita income$24,117
- Civilian labor force386 plus or minus 127
- Employed369 plus or minus 125
- Unemployed17 plus or minus 14
- Unemployment rate4.4 percent plus or minus 3.3
- Adults 25 and over633 plus or minus 130
- Adults 25 and over with a high school diploma or higher81.2 percent plus or minus 23.3
- Adults 25 and over with a bachelor degree or higher11.4 percent plus or minus 5.6
- Adults 25 and over with a graduate degree3.9 percent plus or minus 3.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Farwell
Housing in Farwell
- Housing units449
- Occupied units387 plus or minus 78
- Vacant units62 plus or minus 33
- Vacancy rate13.8 percent plus or minus 6.9
- Owner occupied268 plus or minus 66
- Renter occupied119 plus or minus 46
- Ownership rate69.3 percent
- Median owner-occupied home value$98,700
- Median gross rent, monthly$513 plus or minus $181
- Annual rent as a share of median income14.6 percent plus or minus 7.1
- Single family units309 plus or minus 69
- Share single family68.8 percent
- Units in buildings of two or more94 plus or minus 43
- Share in buildings of two or more20.9 percent plus or minus 8.7
- Mobile homes46 plus or minus 17
- Median year structure built1973
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Farwell
How Farwell gets to work
- Workers 16 and over who commute354 plus or minus 126
- Commuting under 15 minutes107 plus or minus 37
- Share commuting under 15 minutes30.2 percent plus or minus 15.1
- Commuting 30 minutes or more146 plus or minus 63
- Share commuting 30 minutes or more41.2 percent plus or minus 10.2
- Drove alone70.4 percent plus or minus 22.6
- Carpooled18.6 percent plus or minus 8.4
- Public transport0.0 percent
- Walked5.9 percent plus or minus 3.8
- Worked from home4.6 percent plus or minus 3.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Farwell
SBA loans in Farwell (7(a))
- Approvals8
- Gross approval$2,733,700
- Average approval$341,713
- Median approval$350,000
- Ninetieth percentile approval$743,000
- Largest approval$743,000
- Jobs supported48
- Jobs per approval6.0
- Loans with a final outcome1
- Paid in full1
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more37.5 percent
- Share to franchises0.0 percent
- Distinct lenders4
- Distinct industries by NAICS7
A charge-off rate is not published here. only 1 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Farwell
Flood risk in Farwell
- Listed NFIP communities1
- Of those, participating1
- NFIP community number261333
- Currently effective map date12/03/10(M)
This community carries no Community Rating System class, so no CRS premium discount applies to it.
FEMA, National Flood Insurance Program Community Status Book, Community Status Book, as retrieved.
Clare County, not Farwell
Clare County context, not Farwell figures
These are Clare County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Farwell measurements.
- Establishments in Clare County607
- Employment at those establishments, Clare County6,793
- Covered employment, Clare County7,261
- Average annual pay, Clare County$47,949
- Average weekly wage, Clare County$922
- Housing units permitted, Clare County30
- Of those, single family, Clare County30
- County product, 2024, Clare County$1,547,237,000
- County product change over the prior year, Clare County6.3 percent
- Average income of an arriving household, Clare County$49,099
Every figure in this section is published for Clare County as a whole and is not a measurement of Farwell. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Farwell questions, answered from the record.
How many people live in Farwell, Michigan?
974, in 387 households. Farwell village covers 1.37 square miles of land, which is 713 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Farwell in?
Clare County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Farwell?
$42,188. The median owner-occupied home is valued at $98,700. Median gross rent is $513 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Farwell businesses?
8 7(a) approvals totalling $2.7 m, across 4 lenders, median approval $350,000. These count approvals to borrowers whose address is in Farwell, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Farwell borrowers get paid back?
No rate is published for Farwell. only 1 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Is Farwell in the National Flood Insurance Program?
Yes. Farwell appears in the FEMA Community Status Book as community 261333, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Farwell figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Clare County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Farwell.
Is zoning published for Farwell?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.