HomeMichiganClare CountyFarwell
Farwell, Michigan: commercial real estate data.
Farwell 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 since FY2020.
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$300,000
- 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
Counted by borrower city: approvals to borrowers whose address is in Farwell, in any county, FY2020 to FY2026. Only 1 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Farwell
Flood risk in Farwell
- NFIP communityVillage of Farwell
- NFIP community number261333
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date12/03/10(M)
The Village of Farwell participates in the National Flood Insurance Program as community 261333 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Clare County, not Farwell
Clare County context, not Farwell figures
- Establishments in Clare County607
- Covered employment, Clare County7,261
- Average annual pay, Clare County$47,949
- Housing units permitted, Clare County30
Every figure in this section is published for Clare County as a whole and is not a measurement of Farwell.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $2.7 m since FY2020, across 4 lenders, median approval $300,000. 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 loan has reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Farwell in the National Flood Insurance Program?
Yes. Farwell appears in the FEMA Community Status Book as Farwell, village of, 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 labeled 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?
No. Nothing on this page presents parcel level zoning.