Fairfield, PA—17320
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairfield, PA
As of Oct '25, the median home price in Fairfield, PA is $341,000, with a year-over-year change of 4.2%. This indicates that home prices in Fairfield, PA are increasing. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $341,000 | 4.2% |
| Single Family | $341,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $260,000 | 4.8% |
3 Bed | $336,000 | 4.0% |
4 Bed | $403,000 | 3.9% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fairfield, PA
As of July '25, Rentcast reports the average rent in Fairfield, PA is $1,150, with a year-over-year rent change of -32.0%. Per bedroom, the median rent as of July '25 in Fairfield, PA is studios: $925, 1-bedrooms: $1,100, 3-bedrooms: $1,650. The most common rental property sizes in Fairfield, PA are 3-bedroom and 2-bedroom, accounting for 42.4% and 30.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $925 | $1,150 |
| Studio Rent | $925 | $925 |
| 1 Bed Rent | $1,100 | $1,100 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,650 | $1,650 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Fairfield, PA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairfield, PA is 67. This is a increase of 37.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $386,000 | -19.0% |
Listing Count | 50 | 75.0% |
| Listings as % of Homes | 0.4% | 75.0% |
Days on Market | 67 | 37.0% |
Demographics — Fairfield, PA
As of the latest ACS Survey released in 2023, Fairfield, PA has a population of 8,100, which has increased by 2.7% over the past 5 years. Fairfield, PA is a moderately popular place for families, as children make up 20.7% of the population. The area has a moderately educated workforce, with 26.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,100 | 2.7% |
% Under 18 | 20.7% | 0.5% |
% Seniors | 21.1% | 9.9% |
% WFH | 12.8% | 357.1% |
% w/ College Degree | 26.0% | 1.6% |
As of the latest ACS Survey released in 2023, Fairfield, PA is a predominantly white area, with 92.0% of the population identifying as white. The white population has shrunk by 1.3% in the last 5 years. The second most common race or ethnicity in Fairfield, PA is hispanic, making up 4.4% of the population. Foreign-born residents account for 1.7% of the population in Fairfield, PA, and this percentage has decreased by 29.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.0% | -1.3% |
% Black | 0.7% | 40.0% |
% Hispanic | 4.4% | 7.3% |
% Asian | 0.3% | 0.0% |
% Foreign Born | 1.7% | -29.2% |
Mortgage and Risk — Fairfield, PA
According to HUD data as of 2023, there were 225 mortgage originations in Fairfield, PA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Fairfield, PA. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 225 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Fairfield, PA
Fairfield, PA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $50 | $1,100 | $1,150 |
| 2 Bedroom | N/A | N/A | $1,430 |
| 3 Bedroom | $250 | $1,650 | $1,900 |
| 4 Bedroom | N/A | N/A | $2,050 |
Affordability — Fairfield, PA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $341,000 |
| Median Household Income | $87,300 |