Home Price Key
Affordable
Average
Expensive
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 $104,037, lower than the Minnesota average of $269,934.
The average cost of rent is $707/mo in Fairfax, primarily driven by the current value of real estate in the Fairfax area. While nearly 56.96% of residents own their homes outright in Fairfax, 17.71% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fairfax is $4,186 per month. Households that rent pay about 16.88% of their income on rent here. Fairfax's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Franklin, MN: equally priced homes
- Gibbon, MN: higher priced homes
- Evan, MN: higher priced homes
- St. George, MN: higher priced homes
- Morgan, MN: equally priced homes
- Morton, MN: higher priced homes
- Hector, MN: equally priced homes
- Essig, MN: higher priced homes
- Buffalo Lake, MN: higher priced homes
- Sleepy Eye, MN: higher priced homes
Cities with Similar Populations
- Toulon, IL: less expensive homes
- Elkader, IA: higher priced homes
- Elkhorn, CA: higher priced homes
- Ewing, KY: equally priced homes
- Fenwick, MI: higher priced homes
- Wardsville, MO: higher priced homes
- Wagon Wheel, AZ: higher priced homes
- Vinita Park, MO: less expensive homes
- Village of the Branch, NY: higher priced homes
- Union Springs, NY: higher priced homes
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