Fairfield, OH—45014
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairfield, OH
As of Oct '25, the median home price in Fairfield, OH is $274,000, with a year-over-year change of 3.5%. This indicates that home prices in Fairfield, OH are increasing. According to Zillow, the 1-year price projection is 1.9%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $274,000 | 3.5% |
| Single Family | $297,000 | 3.5% |
| Condos | $147,000 | 3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $159,000 | 3.2% |
3 Bed | $275,000 | 3.4% |
4 Bed | $358,000 | 3.2% |
| 5 Bed | $402,000 | 2.8% |
% of Housing Stock
Rental Trends — Fairfield, OH
As of July '25, Rentcast reports the average rent in Fairfield, OH is $1,620, with a year-over-year rent change of -1.2%. Per bedroom, the median rent as of July '25 in Fairfield, OH is studios: $2,100, 1-bedrooms: $1,050, 2-bedrooms: $1,400, 3-bedrooms: $1,900, 4-bedrooms: $2,480. The most common rental property sizes in Fairfield, OH are 2-bedroom and 1-bedroom, accounting for 53.5% and 23.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,620 |
| Studio Rent | $1,410 | $2,100 |
| 1 Bed Rent | $982 | $1,050 |
| 2 Bed Rent | $1,350 | $1,400 |
| 3 Bed Rent | $1,820 | $1,900 |
| 4 Bed Rent | $2,340 | $2,480 |
% of Rental Stock
Property Listings — Fairfield, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairfield, OH is 24. 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $300,000 | 10.0% |
Listing Count | 101 | -7.0% |
| Listings as % of Homes | 0.3% | -7.0% |
Days on Market | 24 | -6.0% |
Demographics — Fairfield, OH
As of the latest ACS Survey released in 2023, Fairfield, OH has a population of 45,700, which has increased by 4.1% over the past 5 years. Fairfield, OH is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 30.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 45,700 | 4.1% |
% Under 18 | 22.5% | 2.7% |
% Seniors | 17.1% | 14.8% |
% WFH | 8.7% | 278.3% |
% w/ College Degree | 30.7% | 16.7% |
As of the latest ACS Survey released in 2023, Fairfield, OH is a predominantly white area, with 58.9% of the population identifying as white. The white population has shrunk by 18.3% in the last 5 years. The second most common race or ethnicity in Fairfield, OH is black, making up 17.9% of the population. Foreign-born residents account for 14.4% of the population in Fairfield, OH, 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 | 58.9% | -18.3% |
% Black | 17.9% | 26.1% |
% Hispanic | 9.3% | 17.7% |
% Asian | 7.3% | 114.7% |
% Foreign Born | 14.4% | 50.0% |
Mortgage and Risk — Fairfield, OH
According to HUD data as of 2023, there were 725 mortgage originations in Fairfield, OH, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Fairfield, OH. Investor activity is low, as 2.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 725 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Fairfield, OH
As of 2024, the percent of homes in Fairfield, OH under the Section 8 program is 1.3%. 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. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Fairfield, OH, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 93 |
Total Units Section 8 | 92 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 78.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $88 | $982 | $1,070 |
| 2 Bedroom | $40 | $1,350 | $1,390 |
| 3 Bedroom | $20 | $1,820 | $1,840 |
| 4 Bedroom | -$300 | $2,340 | $2,040 |
Affordability — Fairfield, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.5 |
| Median Home Price | $274,000 |
| Median Household Income | $69,600 |