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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 $413,800, lower than the Utah average of $525,914.
The average cost of rent is $568/mo in Fayette, primarily driven by the current value of real estate in the Fayette area. In Fayette, 38.05% of households rent, and 25.71% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fayette is $8,361 per month. Households that rent pay about 6.79% of their income on rent here. Fayette’s most expensive areas are in the central regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Gunnison, UT: less expensive homes
- Centerfield, UT: less expensive homes
- Sterling, UT: less expensive homes
- Mayfield, UT: equally priced homes
- Manti, UT: less expensive homes
- Axtell, UT: equally priced homes
- Scipio, UT: less expensive homes
- Redmond, UT: less expensive homes
- Ephraim, UT: equally priced homes
- Mills, UT: equally priced homes
Cities with Similar Populations
- Reese, TX: less expensive homes
- Northboro, IA: less expensive homes
- Quicksand, KY: less expensive homes
- Quinn, AR: less expensive homes
- Radiant, VA: less expensive homes
- Rainsville, NM: less expensive homes
- Ralston, IA: less expensive homes
- Rapidan, MN: less expensive homes
- Raymond City, WV: less expensive homes
- Reads Landing, MN: less expensive homes
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