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These days, finding an affordable place to live in the Fairfield area can be challenging. Home prices in Fairfield are now at a median cost of $121,765, lower than the Alabama average of $228,911.
The average cost of rent is $1,041/mo in Fairfield, primarily driven by the current value of real estate in the Fairfield area. In Fairfield, 43.47% of households rent, and 50.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fairfield is $3,829 per month. Households that rent pay about 27.19% of their income on rent here. Fairfield’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Midfield, AL: equally priced homes
- Dolomite, AL: higher priced homes
- Brighton, AL: less expensive homes
- Lipscomb, AL: less expensive homes
- McDonald Chapel, AL: less expensive homes
- Pleasant Grove, AL: higher priced homes
- Hueytown, AL: higher priced homes
- Docena, AL: higher priced homes
- Homewood, AL: higher priced homes
- Forestdale, AL: higher priced homes
Cities with Similar Populations
- Shady Hills, FL: higher priced homes
- Cape Canaveral, FL: higher priced homes
- Carl Junction, MO: higher priced homes
- Santa Isabel, PR: less expensive homes
- Saylorsburg, PA: higher priced homes
- Schuylkill Haven, PA: higher priced homes
- Sedona, AZ: higher priced homes
- Seminole, OK: equally priced homes
- Senatobia, MS: higher priced homes
- Seneca Falls, NY: higher priced homes
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