Median home value is about $85,800 — about 75% below the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $432 (about 63% below the U.S. median rent ($1,163)), and owner-occupancy near 66.4% (about 1.0 points above the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 69029 in Farnam, NE, a household would need roughly $24,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $551. That sits below the local median household income ($46,786), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.