Fairfield, AL—35064
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairfield, AL
As of Oct '25, the median home price in Fairfield, AL is $94,000, with a year-over-year change of -10.5%. This indicates that home prices in Fairfield, AL are decreasing. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $94,000 | -10.5% |
| Single Family | $95,000 | -10.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $48,000 | -12.7% |
3 Bed | $101,000 | -9.0% |
4 Bed | $176,000 | -1.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fairfield, AL
As of July '25, Rentcast reports the average rent in Fairfield, AL is $1,040, with a year-over-year rent change of 4.3%. Per bedroom, the median rent as of July '25 in Fairfield, AL is 2-bedrooms: $875, 3-bedrooms: $1,120, 4-bedrooms: $1,230. The most common rental property sizes in Fairfield, AL are 2-bedroom and 3-bedroom, accounting for 36.3% and 31.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,000 | $1,040 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $850 | $875 |
| 3 Bed Rent | $1,100 | $1,120 |
| 4 Bed Rent | $1,220 | $1,230 |
% of Rental Stock
Property Listings — Fairfield, AL
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairfield, AL is 51. This is a increase of 12.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $99,700 | 7.0% |
Listing Count | 47 | 18.0% |
| Listings as % of Homes | 0.5% | 18.0% |
Days on Market | 51 | 12.0% |
Demographics — Fairfield, AL
As of the latest ACS Survey released in 2023, Fairfield, AL has a population of 9,930, which has decreased by -11.1% over the past 5 years. Fairfield, AL is a popular place for families, as children make up 25.7% of the population. The area has a poorly educated workforce, with 24.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,930 | -11.1% |
% Under 18 | 25.7% | 27.2% |
% Seniors | 17.0% | 6.9% |
% WFH | 11.0% | 400.0% |
% w/ College Degree | 24.7% | 35.0% |
As of the latest ACS Survey released in 2023, Fairfield, AL is a predominantly black area, with 90.9% of the population identifying as black. The black population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Fairfield, AL is white, making up 6.6% of the population. Foreign-born residents account for 0.6% of the population in Fairfield, AL, and this percentage has increased by 50.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 6.6% | 40.4% |
% Black | 90.9% | -2.2% |
% Hispanic | 0.4% | -63.6% |
% Asian | 0.1% | ∞% |
% Foreign Born | 0.6% | 50.0% |
Mortgage and Risk — Fairfield, AL
According to HUD data as of 2023, there were 121 mortgage originations in Fairfield, AL, of which 75.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Fairfield, AL. Investor activity is low, as 12.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 121 |
% Conventional Loans | 75.0% |
% Government Loans | 25.0% |
% Investor Loans | 12.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Fairfield, AL
Fairfield, AL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 681 |
Total Units Section 8 | 383 |
% Rentals under Section 8 | 24.5% |
% Occupied Section 8 | 89.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,050 |
| 2 Bedroom | $310 | $850 | $1,160 |
| 3 Bedroom | $350 | $1,100 | $1,450 |
| 4 Bedroom | $420 | $1,220 | $1,640 |
Affordability — Fairfield, AL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.2 |
| Median Home Price | $94,000 |
| Median Household Income | $48,600 |