Affordable
Expensive
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 $505,280, higher than the Colorado Springs average of $489,864.
The average cost of rent is $2,567/mo in Fairfax, primarily driven by the current value of real estate in the Fairfax area. In Fairfax, 21.26% of households rent, and 16.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fairfax is $10,944 per month. Households that rent pay about 23.45% of their income on rent here. Fairfax’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the neighborhood.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Neighborhoods
- Briargate, Colorado Springs, CO: higher priced homes
- Stetson Hills, Colorado Springs, CO: equally priced homes
- Northeast Colorado Springs, Colorado Springs, CO: less expensive homes
- Powers, Colorado Springs, CO: less expensive homes
- Flying Horse, Colorado Springs, CO: higher priced homes
- Northgate, Colorado Springs, CO: higher priced homes
- Black Forest, Colorado Springs, CO: higher priced homes
- Northwest Colorado Springs, Colorado Springs, CO: higher priced homes
- East Colorado Springs, Colorado Springs, CO: less expensive homes
- West Colorado Springs, Colorado Springs, CO: less expensive homes
Neighborhoods with Similar Populations
- Holiday Park, St. Petersburg, FL: less expensive homes
- Rosewood, Austin, TX: higher priced homes
- Roosevelt, Seattle, WA: higher priced homes
- Rockfish, Raeford, NC: less expensive homes
- Riviera-Westchester, Bakersfield, CA: less expensive homes
- River Oaks, Memphis, TN: less expensive homes
- Ridgeway, Stamford, CT: equally priced homes
- Parkhill, Mobile, AL: less expensive homes
- Park Shore, Naples, FL: higher priced homes
- North Wyoming, Albuquerque, NM: less expensive homes
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