Farnhamville, IA
Population 417 · Iowa
About Farnhamville, IA
Farnhamville is a small community located in Iowa with a population of 417 residents according to the latest US Census Bureau American Community Survey data. The median household income is $55,000 per year, which is 27% below the national median of $75,149. The median age of 38.1 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Farnhamville features a median home value of $69,200, which is 72% below the national median of $244,900. This makes Farnhamville one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $754, 35% below the national average of $1,163/month. Of the 191 total housing units, 75% are owner-occupied (136 units) and 25% are renter-occupied (46 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Farnhamville shows an unemployment rate of 0.5%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 17.2%, above the national average of 12.4%. Workers in Farnhamville have an average one-way commute time of 31.8 minutes.
Education & Demographics
10.2% of Farnhamville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
How Farnhamville Ranks in Iowa
Cost of Living in Farnhamville, IA
Compared to national averages, Farnhamville has a median household income of $55,000 (27% below the national median of $75,149). Home values average $69,200, which is 72% below the national median. Monthly rent at $754 is 35% below the US average of $1,163. Within Iowa, Farnhamville's income is 19% below the state average of $67,947, and home values are 48% below the state median of $132,237.
Why Live in Farnhamville, IA?
Farnhamville offers affordable housing with a median home value of $69,200, below the US average of $244,900, and rent that’s lower than the national average at $754/month, and a strong job market with an unemployment rate of just 0.5%.
Potential considerations include median household income ($55,000) that falls below the national average. However, Farnhamville’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Farnhamville has a population of 417 with a median age of 38.1 years. Compare Farnhamville with other cities to see how it stacks up, or explore all cities in Iowa.
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Demographics
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Economy & Education
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Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Farnhamville
What is the population of Farnhamville, IA?
The population of Farnhamville, IA is 417 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Iowa.
What is the median household income in Farnhamville?
The median household income in Farnhamville, IA is $55,000 per year, which is 27% below the national median of $75,149.
What is the median home value in Farnhamville?
The median home value in Farnhamville, IA is $69,200, which is 72% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Farnhamville?
The median monthly rent in Farnhamville, IA is $754, which is 35% below the national average of $1,163/month.
What is the unemployment rate in Farnhamville?
The unemployment rate in Farnhamville, IA is 0.5%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Farnhamville, IA a good place to live?
Farnhamville offers a moderate cost of living, affordable housing, and a strong job market. With a population of 417 and a median age of 38.1, the city appeals to a broad range of residents.
How educated is Farnhamville, IA?
10.2% of residents in Farnhamville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Farnhamville?
Key cost-of-living indicators for Farnhamville, IA: median home value is $69,200 (72% below national), median rent is $754/month, and median household income is $55,000. The home-value-to-income ratio is 1.3x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Farnhamville?
The poverty rate in Farnhamville, IA is 17.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Farnhamville, IA?
Farnhamville's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 6.5% two or more races. 0.0% of residents are foreign-born.