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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 $179,641, lower than the Michigan average of $250,415.
The average cost of rent is $1,005/mo in Fairfield, primarily driven by the current value of real estate in the Fairfield area. In Fairfield, 14.34% of households rent, and 35.33% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fairfield is $5,991 per month. Households that rent pay about 16.77% of their income on rent here. Fairfield’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Jasper, MI: equally priced homes
- Adrian, MI: less expensive homes
- Sand Creek, MI: equally priced homes
- Palmyra, MI: higher priced homes
- Ogden Center, MI: equally priced homes
- Cadmus, MI: higher priced homes
- Weston, MI: less expensive homes
- Seneca, MI: less expensive homes
- Wellsville, MI: equally priced homes
- Blissfield, MI: equally priced homes
Cities with Similar Populations
- Sadsburyville, PA: higher priced homes
- Kendall, MI: higher priced homes
- Keytesville, MO: less expensive homes
- Koshkonong, MO: equally priced homes
- Kukui, HI: higher priced homes
- Lewis, IA: less expensive homes
- Pineview, TX: higher priced homes
- Remer, MN: higher priced homes
- Ronald, WA: higher priced homes
- Rosebud, MO: higher priced homes
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