Farwell, Detroit, MI
Farwell — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Farwell, Detroit, Michigan. Explore the cited sources and local facts below while agent underwriting continues.
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Farwell Neighborhood Overview
Farwell is a residential neighborhood located on Detroit's east side, within the 48201 ZIP code. It offers a quiet, community-focused atmosphere with convenient access to major city corridors. The area provides a blend of historic housing stock and green spaces typical of many Detroit neighborhoods.
Lifestyle & Amenities
Residents enjoy a primarily residential lifestyle with local parks serving as community hubs. While commercial amenities are more concentrated along major thoroughfares, the neighborhood's setting provides a sense of separation from busier parts of the city. Its location allows for reasonable access to shopping and services in adjacent areas.
Real Estate Market
The median home value in Farwell is $381,500, according to U.S. Census Bureau ACS 5-Year Estimates (2022). Current market data shows a price per square foot of $71.35/sqft, according to Redfin market data. The rental market, as indicated by a current asking rent of $79,200/mo according to Redfin market data, suggests a market with specialized or high-end rental properties.
Schools & Education
Farwell is served by the Detroit Public Schools Community District. Families have access to the district's range of public school options, including neighborhood schools and various specialty and charter schools. Prospective residents are encouraged to research current school assignments and ratings directly through the district.
Transportation & Connectivity
The neighborhood is well-connected by major roads like Gratiot Avenue and I-94, facilitating commutes to downtown Detroit and beyond. Public transportation is available via DDOT bus routes serving the east side. Its layout and road network make navigating by car straightforward for daily needs.
Why Choose Farwell
Farwell appeals to those seeking a traditional Detroit neighborhood with a strong residential character. The contrast between the median household income of $22,243, according to U.S. Census Bureau ACS 5-Year Estimates (2022), and current real estate values indicates a diverse and evolving market. It represents an area with potential for buyers interested in the city's historic neighborhoods.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Farwell Market Data
| Metric | Value |
|---|---|
| Median Home Price | $382K |
| Median Gross Rent | $765/mo |
| Median Household Income | $22K |
| Homeownership Rate | 11.4% |
| Renter-Occupied | 88.6% |
| Rental Vacancy Rate | 4.1% |
| Market Type | Balanced |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 48201 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 264,220 |
| VA Loan Originations | 9,916 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $247K |
| Conventional Loan Originations | 227,996 |
| FHA Loan Originations | 26,308 |
Top Real Estate Agents in Farwell, Detroit
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Farwell, Detroit, MI. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Michigan Department of Licensing and Regulatory Affairs (LARA) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15