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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 $805,069, higher than the Connecticut average of $418,901.
The average cost of rent is $2,339/mo in Fairfield, primarily driven by the current value of real estate in the Fairfield area. In Fairfield, 17.16% of households rent, and 34.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fairfield is $15,004 per month. Households that rent pay about 15.59% of their income on rent here. Fairfield’s most expensive areas are in the western regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Southport, CT: higher priced homes
- Bridgeport, CT: less expensive homes
- Westport, CT: higher priced homes
- Easton, CT: equally priced homes
- Trumbull, CT: less expensive homes
- Stratford, CT: less expensive homes
- Weston, CT: higher priced homes
- Cannondale, CT: higher priced homes
- Wilton, CT: higher priced homes
- Norwalk, CT: less expensive homes
Cities with Similar Populations
- Richmond, KY: less expensive homes
- Fuquay-Varina, NC: less expensive homes
- Glen Allen, VA: less expensive homes
- Grand Island, NE: less expensive homes
- Hacienda Heights, CA: equally priced homes
- North Fort Myers, FL: less expensive homes
- Nurillo, TX: less expensive homes
- Oregon City, OR: less expensive homes
- Punta Gorda, FL: less expensive homes
- Redford, MI: less expensive homes
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