Zip Code
48622
City
Farwell, MI
Population & Migration
What is the forecasted population for Zip code 48622 Farwell, MI?
- Population census 2020
- 6,022
- Forecasted population 2025
- 6,067
- 0.01% vs. 2020
- Forecasted population 2030
- 6,133
- 0.02% vs. 2020
Zip code 48622 Farwell, MI population is forecasted to decrease 0.01% by 2025 (-4.0 points below the 4.7% national average).
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Housing and Affordability
With a forecasted population of 6,067 people for 2025 zip code 48622 Farwell, MI will generate a good demand for housing, which is expected to have a deficit of 63 houses for 2030. Vacancy rate is 18.5 points above national US average.
- Total homes available 2020
- 3,393
- Estimated total home demand in 2030
- 3,456
- Total homes balance inventory
- 63
Average Household Income in zip code 48622 Farwell, MI
from Internal Revenue Service
- Average household income in 2021
- $60,883
Affordability
- Affordability Index
- 2
Affordability indicates the ability of potential homebuyers to afford a home measured in number of years needed to pay a house. Example: Home Price 500,000 / Household Income 100,000 = 5 Years = Index 5
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Climate Resiliency
Drinking water violations
How is the quality of drinking water in Zip code 48622 Farwell, MI?
County total number of drinking water violations
529
+117%
244
County total number of drinking water contaminations
28
+17%
24
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