Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Fayette area can be challenging. Home prices in Fayette are now at a median cost of $90,959, lower than the Iowa average of $182,666.
The average cost of rent is $733/mo in Fayette, primarily driven by the current value of real estate in the Fayette area. While nearly 50.07% of residents own their homes outright in Fayette, 38.88% rent.
Housing affordability isn’t just about home prices, though. The average household income in Fayette is $3,415 per month. Households that rent pay about 21.48% of their income on rent here. Fayette's most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Randalia, IA: higher priced homes
- Lima, IA: equally priced homes
- Donnan, IA: higher priced homes
- Maynard, IA: higher priced homes
- Wadena, IA: equally priced homes
- West Union, IA: higher priced homes
- Arlington, IA: higher priced homes
- Hawkeye, IA: higher priced homes
- Elgin, IA: equally priced homes
- Westgate, IA: higher priced homes
Cities with Similar Populations
- Grand Junction, TN: equally priced homes
- Dravosburg, PA: less expensive homes
- West Chatham, MA: higher priced homes
- Wellsville, MO: higher priced homes
- East Spencer, NC: equally priced homes
- Edinburg, IL: higher priced homes
- Fairdale, WV: less expensive homes
- Finger, TN: higher priced homes
- Fleming, OH: higher priced homes
- Forest Hill, LA: higher priced homes
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