Fairpoint renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in Fairpoint is about $675 per month. This puts it in the 17th percentile compared to the state average cost of rent, which is $964. Households in Fairpoint have a median income of $4,421 per month so the average renter in Fairpoint is spending roughly 15% of their earnings on housing.
Nationally, and in Fairpoint, home values are the data point most closely correlated with the cost of rent. The median price of a home in Fairpoint is $115,889 right now, which is lower than nearby cities, meaning that rents in Fairpoint also tend to be lower versus these nearby cities.
Higher rent prices are common in the southern parts of Fairpoint while lower rent rates are often available in central areas.
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