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These days, finding an affordable place to live in the Fairbank area can be challenging. Home prices in Fairbank are now at a median cost of $204,041, lower than the Iowa average of $226,062.
The average cost of rent is $795/mo in Fairbank, primarily driven by the current value of real estate in the Fairbank area. In Fairbank, 14.38% of households rent, and 46.01% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fairbank is $7,077 per month. Households that rent pay about 11.23% of their income on rent here. Fairbank’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oran, IA: equally priced homes
- Hazleton, IA: less expensive homes
- Dunkerton, IA: equally priced homes
- Oelwein, IA: less expensive homes
- Readlyn, IA: equally priced homes
- Otterville, IA: higher priced homes
- Westgate, IA: less expensive homes
- Stanley, IA: less expensive homes
- Jesup, IA: equally priced homes
- Dewar, IA: equally priced homes
Cities with Similar Populations
- Whitefield, ME: higher priced homes
- Burnham, PA: less expensive homes
- Inman, KS: equally priced homes
- Springville, IA: higher priced homes
- Ruch, OR: higher priced homes
- Lawsonville, NC: less expensive homes
- Lemont Furnace, PA: less expensive homes
- Leon, IA: less expensive homes
- Liberty, IL: equally priced homes
- Loyal, WI: less expensive homes
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