
Home Price Key
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 $122,976, lower than the Michigan average of $196,062.
The average cost of rent is $684/mo in Fairfax, primarily driven by the current value of real estate in the Fairfax area. While nearly 65.91% of residents own their homes outright in Fairfax, 7.89% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fairfax is $4,517 per month. Households that rent pay about 15.14% of their income on rent here. Fairfax's most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Nearby Cities
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Cities with Similar Populations
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