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Expensive
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These days, finding an affordable place to live in the Fairfax area can be challenging. Home prices in Fairfax are now at a median cost of $65,285, lower than the Cleveland average of $230,318.
The average cost of rent is $829/mo in Fairfax, primarily driven by the current value of real estate in the Fairfax area. In Fairfax, 67.25% of households rent, and 55.35% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fairfax is $2,470 per month. Households that rent pay about 33.59% of their income on rent here. Fairfax’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Hough, Cleveland, OH: higher priced homes
- Kinsmith, Cleveland, OH: higher priced homes
- Woodland Hills, Cleveland, OH: equally priced homes
- University District, Cleveland, OH: higher priced homes
- Central, Cleveland, OH: higher priced homes
- Saint Claire-Superior, Cleveland, OH: equally priced homes
- Goodrich-Kirtland Park, Cleveland, OH: higher priced homes
- Buckeye-Shaker, Cleveland, OH: higher priced homes
- North Broadway, Cleveland, OH: equally priced homes
- Glenville, Cleveland, OH: higher priced homes
Neighborhoods with Similar Populations
- Malba, Queens, NY: higher priced homes
- Douglas Acres, Des Moines, IA: higher priced homes
- Fairview, Pompano Beach, FL: higher priced homes
- South Duxbury, Duxbury, MA: higher priced homes
- Glen Elder, Sacramento, CA: higher priced homes
- Bowie, Lubbock, TX: higher priced homes
- Cole, Denver, CO: higher priced homes
- Miramar, Jacksonville, FL: higher priced homes
- Jackson Park, Mountain View, CA: higher priced homes
- Waterway Village, Kissimmee, FL: higher priced homes
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