The Most Affordable Neighborhoods in Fairfax, OK by Home Value

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 $73,911, lower than the Oklahoma average of $210,566.

The average cost of rent is $717/mo in Fairfax, primarily driven by the current value of real estate in the Fairfax area. In Fairfax, 15.27% of households rent, and 78.12% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Fairfax is $3,951 per month. Households that rent pay about 18.15% of their income on rent here. Fairfax’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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