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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 $286,012, higher than the Iowa average of $226,062.
The average cost of rent is $1,125/mo in Fairfax, primarily driven by the current value of real estate in the Fairfax area. In Fairfax, 13.28% of households rent, and 32.49% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fairfax is $9,104 per month. Households that rent pay about 12.36% of their income on rent here. Fairfax’s most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Walford, IA: equally priced homes
- Cedar Rapids, IA: less expensive homes
- Atkins, IA: equally priced homes
- Swisher, IA: higher priced homes
- Norway, IA: equally priced homes
- East Amana, IA: higher priced homes
- Palo, IA: equally priced homes
- Shueyville, IA: higher priced homes
- Hiawatha, IA: less expensive homes
- Ely, IA: higher priced homes
Cities with Similar Populations
- Gamewell, NC: less expensive homes
- Hope Valley, RI: higher priced homes
- Hopewell, NJ: higher priced homes
- Horicon, WI: less expensive homes
- Centerville, IN: less expensive homes
- Enfield, NC: less expensive homes
- Gardendale, TX: higher priced homes
- Cedar Knolls, NJ: higher priced homes
- Hortense, GA: less expensive homes
- Houston, AK: equally priced homes
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