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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 $209,094, lower than the Virginia average of $443,089.
The average cost of rent is $847/mo in Fairfield, primarily driven by the current value of real estate in the Fairfield area. In Fairfield, 14.11% of households rent, and 54.25% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fairfield is $5,580 per month. Households that rent pay about 15.18% of their income on rent here. Fairfield’s most expensive areas are in the central regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Vesuvius, VA: higher priced homes
- Brownsburg, VA: higher priced homes
- Timber Ridge, VA: higher priced homes
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- Rockbridge Baths, VA: higher priced homes
- Steeles Tavern, VA: higher priced homes
- Riverside, VA: equally priced homes
- East Lexington, VA: higher priced homes
- Montebello, VA: higher priced homes
- Buena Vista, VA: less expensive homes
Cities with Similar Populations
- Bear Creek, AK: higher priced homes
- Wright, WY: higher priced homes
- Walcott, IA: equally priced homes
- Upton, KY: less expensive homes
- Chatom, AL: less expensive homes
- Apache, OK: less expensive homes
- Catherine Lake, NC: equally priced homes
- Capitan, NM: equally priced homes
- South Greensburg, PA: less expensive homes
- Nashua, IA: less expensive homes
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