Fairlawn, OH—44333
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairlawn, OH
As of Oct '25, the median home price in Fairlawn, OH is $401,000, with a year-over-year change of 3.0%. This indicates that home prices in Fairlawn, OH are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $401,000 | 3.0% |
| Single Family | $413,000 | 3.2% |
| Condos | $227,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $219,000 | -0.5% |
3 Bed | $333,000 | 2.5% |
4 Bed | $483,000 | 3.2% |
| 5 Bed | $763,000 | 1.7% |
% of Housing Stock
Rental Trends — Fairlawn, OH
As of July '25, Rentcast reports the average rent in Fairlawn, OH is $2,680, with a year-over-year rent change of 13.1%. Per bedroom, the median rent as of July '25 in Fairlawn, OH is 1-bedrooms: $1,070, 2-bedrooms: $1,620, 3-bedrooms: $2,920, 4-bedrooms: $3,900. The most common rental property sizes in Fairlawn, OH are 2-bedroom and 1-bedroom, accounting for 56.6% and 22.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,880 | $2,680 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $900 | $1,070 |
| 2 Bed Rent | $1,750 | $1,620 |
| 3 Bed Rent | $3,000 | $2,920 |
| 4 Bed Rent | $2,900 | $3,900 |
% of Rental Stock
Property Listings — Fairlawn, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairlawn, OH is 36. This is a decrease of -6.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $496,000 | -18.0% |
Listing Count | 88 | 17.0% |
| Listings as % of Homes | 0.4% | 17.0% |
Days on Market | 36 | -6.0% |
Demographics — Fairlawn, OH
As of the latest ACS Survey released in 2023, Fairlawn, OH has a population of 19,900, which has increased by 5.9% over the past 5 years. Fairlawn, OH is a moderately popular place for families, as children make up 21.4% of the population. The area has a highly educated workforce, with 63.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,900 | 5.9% |
% Under 18 | 21.4% | 3.9% |
% Seniors | 23.0% | 0.4% |
% WFH | 21.9% | 195.9% |
% w/ College Degree | 63.9% | 22.4% |
As of the latest ACS Survey released in 2023, Fairlawn, OH is a predominantly white area, with 83.6% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Fairlawn, OH is black, making up 6.5% of the population. Foreign-born residents account for 5.6% of the population in Fairlawn, OH, and this percentage has decreased by 5.1% 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 | 83.6% | -3.6% |
% Black | 6.5% | 8.3% |
% Hispanic | 2.7% | 50.0% |
% Asian | 3.0% | 20.0% |
% Foreign Born | 5.6% | -5.1% |
Mortgage and Risk — Fairlawn, OH
According to HUD data as of 2023, there were 438 mortgage originations in Fairlawn, OH, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Fairlawn, OH. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 438 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Fairlawn, OH
As of 2024, the percent of homes in Fairlawn, OH under the Section 8 program is 1.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Fairlawn, OH, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 31 |
Total Units Section 8 | 27 |
% Rentals under Section 8 | 1.6% |
% Occupied Section 8 | 93.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $900 | $870 |
| 2 Bedroom | -$630 | $1,750 | $1,120 |
| 3 Bedroom | -$1,620 | $3,000 | $1,380 |
| 4 Bedroom | -$1,410 | $2,900 | $1,490 |
Affordability — Fairlawn, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $401,000 |
| Median Household Income | $119,000 |