This is a small community in a single neighborhood.
As throughout the site, some neighborhood-level data are reserved for subscribers.
What do we mean by a neighborhood?
NeighborhoodScout® uses the official government designation for neighborhoods - the census tract.
Census tracts are small, relatively permanent subdivisions of a county that are defined by the U.S. Census Bureau in conjunction with local authorities all across the country to define real neighborhoods that are bounded to contain areas with homogeneous population characteristics (including economic status, lifestyle, and living conditions). Census tracts usually have 4,000 persons, but can range between 1,500 and 8,000 persons. This is the most fine-grained area for which detailed information is made available from the government, to protect the individual privacy of each of us. Because census tracts are based on population, they vary in size depending on the density of settlement. In urban areas, they are small, and in rural areas they can cover an entire small town or even a few small towns in very rural areas.
Since census tracts are subdivisions of a county, we did a spatial overlay of the census tracts onto city and town boundaries using a geographic information system to properly assign each census tract to its appropriate city or town. Then we named each census tract to the local colloquially recognized neighborhood name for that spot (e.g., Boston, MA (Dorchester). If there was not a name available, we named the census tract by the largest street intersection in the census tract (e.g., Worcester, MA (Lincoln St/Plantation St)
Why we don't use Zip Codes as neighborhoods
Zip codes were developed by the Postal Service for the purpose of delivering mail, but were never intended to define coherent neighborhoods. In addition, Zip Codes can have as many as 10 distinctly different census tracts contained within them. When distinct census tracts are blended together in a single Zip Code, the data reflects their average conditions and often gives a false sense of the area. The result is that potentially great matching neighborhoods can be missed, and erroneous matches can also be produced and delivered to you.
Using census tracts makes great matches possible, and helps people find the areas that are best for them and their families. Because we are committed to providing the highest possible quality and finding the neighborhoods that best meet your criteria, we use census tracts. And, as always, we show you the actual street map of the neighborhood so you know exactly where your best matching neighborhood is located.
What is a Condition Alert?
A condition alert is a condition in the neighborhood that triggers an alert. NeighborhoodScout contains condition alerts to highlight conditions that are extreme, whether good or bad. This helps answer crucial questions about the state of the neighborhood being evaluated, such as:
What are the risks of violent crime here?
Is the risk of home break-ins or other property crimes increasing?
Does real estate here hold its value?
Are the trends in local vacancies or unemployment concerning?
...and dozens more.
Information at a glance that you need to know to invest, appraise or finance a property.
Farnam is a tiny village located in the state of Nebraska. With a population of 176 people and just one neighborhood, Farnam is the 204th largest community in Nebraska. Much of the housing stock in Farnam was built prior to World War II, making it one of the older and more historic villages in the country.
Farnam real estate is some of the most expensive in Nebraska, although Farnam house values don't compare to the most expensive real estate in the U.S.
Occupations and Workforce
Because occupations involving physical labor dominate the local economy, Farnam is generally considered to be a blue-collar town. 41.46% of the Farnam workforce is employed in blue-collar occupations, compared to the national average of 27.7%. Overall, Farnam is a village of managers, farmers, fishers, or foresters, and service providers. There are especially a lot of people living in Farnam who work in farm management occupations (17.07%), management occupations (17.07%), and office and administrative support (9.76%).
You will also find that a lot of people in Farnam work in agricultural jobs - much more than in the average community in America. This will be quite apparent if you drive around town, as much of the landscape is dedicated to farms.
Setting & Lifestyle
Overall, Farnam’s crime rate is one of the lowest in the nation, which makes a great place to live if safety is an important concern.
Residents will find that the village is relatively quiet. This is because it is not over-populated, and it has fewer college students, renters, and young children - all of whom can be noisy at times. So, if you're looking for a relatively peaceful place to live, Farnam is worth considering.
Farnam is a small village, and as such doesn't have a public transit system that people use to get to and from their jobs every day.
Demographics
The citizens of Farnam are slightly better educated than the national average of 21.84% for all cities and towns, with 22.14% of adults in Farnam having a bachelor's degree or advanced degree.
The per capita income in Farnam in 2022 was $33,635, which is middle income relative to Nebraska and the nation. This equates to an annual income of $134,540 for a family of four. However, Farnam contains both very wealthy and poor people as well.
The people who call Farnam home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Farnam residents report their race to be White. Important ancestries of people in Farnam include German, Irish, English, Danish, and Swedish.
The most common language spoken in Farnam is English. Other important languages spoken here include Spanish and Polish.
Notable & Unique Neighborhood Characteristics
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Farnam, the neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.
Occupations
Each year, fewer and fewer Americans make their living as farmers, foresters, or fishers. But the neighborhood truly stands out among U.S. neighborhoods. According to exclusive NeighborhoodScout analysis, this neighborhood has a greater proportion of farmers, foresters, or fishers than 98.9% of all American neighborhoods. This is truly a unique cultural characteristic of this neighborhood.
Car Ownership
American households most often have a car, and regularly they have two or three. But households in the neighborhood buck this trend. Residents of this neighborhood must really love automobiles. NeighborhoodScout's Analysis reveals that 42.6% of the households here have four, five, or more cars. That is more cars per household than in 98.8% of the neighborhoods in the nation.
Real Estate
Uncrowded roads, rural America and space to be the individual you are. If you like these characteristics, this neighborhood may fit you. With just 6 residents per square mile, is less crowded than 98.0% of all U.S. neighborhoods.
In addition, despite all of the residential real estate here in the neighborhood, NeighborhoodScout has discovered that much of it is vacant. In resort or second-home vacation areas, this naturally occurs because homes and apartments are seasonally occupied, and empty for a portion of the year. In non-vacation or resort areas, however, this can be an indicator of property abandonment or a weak real estate market. The vacancy rate here is 31.7%, which is higher than 95.4% of all U.S. neighborhoods.
People
There is an especially high percentage of incarcerated people (1.1%) living in the neighborhood.
In addition, if you're planning where to retire, the neighborhood in Farnam is a great option to consider. According to NeighborhoodScout's exclusive retirement dream area analysis, it's peaceful and quiet, has above average safety ratings compared to other neighborhoods in NE, offers a wide range of housing options, and has already attracted an enviable mix of college educated seniors. This neighborhood ranks as better for retirement living than 89.5% of the neighborhoods in Nebraska. If you are considering retiring to Nebraska, this is a good neighborhood to look at.
Diversity
Did you know that the neighborhood has more Lebanese and German ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.2% of this neighborhood's residents have Lebanese ancestry and 35.9% have German ancestry.
The Neighbors
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the neighborhood in Farnam are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 66.5% of the neighborhoods in America. With 10.8% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 51.2% of U.S. neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the neighborhood, 38.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 26.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (14.0%), and 11.0% in clerical, assistant, and tech support occupations.
Languages
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the neighborhood is English, spoken by 84.2% of households. Other important languages spoken here include Spanish and Polish.
Ethnicity / Ancestry
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the neighborhood in Farnam, NE, residents most commonly identify their ethnicity or ancestry as German (35.9%). There are also a number of people of English ancestry (12.8%), and residents who report Irish roots (11.9%), and some of the residents are also of Mexican ancestry (5.0%), along with some Swedish ancestry residents (3.9%), among others. In addition, 15.9% of the residents of this neighborhood were born in another country.
Getting to Work
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in neighborhood spend between 15 and 30 minutes commuting one-way to work (46.3% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (77.8%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (14.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
SCOUT’s patented match algorithm identifies the most similar neighborhoods to a subject location, and quantifies the similarity to the subject location. This allows analysts to identify the most similar neighborhoods in a local market area for appraisals, investments, and research.
The algorithm uses 273 neighborhood conditions, identifies the dominant dimensions underlying the conditions and calculates the similarity. This captures the true culture and character of locations, economic conditions, and trends.
The closer to 100% means the locations are nearly identical. 80% is a very good, but not excellent match, and so forth.
