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Affordable
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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 $135,602, lower than the Ohio average of $236,816.
The average cost of rent is $833/mo in Fayette, primarily driven by the current value of real estate in the Fayette area. In Fayette, 30.01% of households rent, and 47.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fayette is $5,343 per month. Households that rent pay about 15.60% of their income on rent here. Fayette’s most expensive areas are in the northeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Powers, OH: higher priced homes
- Zone, OH: higher priced homes
- Munson, MI: equally priced homes
- Elmira, OH: higher priced homes
- Alvordton, OH: equally priced homes
- Morenci, MI: equally priced homes
- Tedrow, OH: higher priced homes
- Waldron, MI: less expensive homes
- North Morenci, MI: higher priced homes
- Burlington, OH: higher priced homes
Cities with Similar Populations
- Continental, OH: higher priced homes
- Loon Lake, WA: higher priced homes
- Payne, OH: equally priced homes
- Park City, KY: higher priced homes
- North Monroe, LA: higher priced homes
- Norris City, IL: equally priced homes
- New Haven, VT: higher priced homes
- New Boston, OH: less expensive homes
- Millican, TX: higher priced homes
- Pequea, PA: higher priced homes
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