Fairbank, IA—50629
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairbank, IA
Fairbank, IA lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $264,000 | 6.5% |
| Single Family | $265,000 | 7.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $223,000 | 9.9% |
3 Bed | $257,000 | 7.5% |
4 Bed | $297,000 | 9.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fairbank, IA
Fairbank, IA lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $850 | $850 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $850 | $850 |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Fairbank, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairbank, IA is 12. This is a decrease of -35.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $297,000 | -7.0% |
Listing Count | 5 | 5.0% |
| Listings as % of Homes | 0.2% | 5.0% |
Days on Market | 12 | -35.0% |
Demographics — Fairbank, IA
As of the latest ACS Survey released in 2023, Fairbank, IA has a population of 2,340, which has increased by 5.2% over the past 5 years. Fairbank, IA is a popular place for families, as children make up 28.9% of the population. The area has a poorly educated workforce, with 20.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,340 | 5.2% |
% Under 18 | 28.9% | 12.5% |
% Seniors | 13.2% | -14.8% |
% WFH | 10.9% | -7.6% |
% w/ College Degree | 20.9% | -5.4% |
As of the latest ACS Survey released in 2023, Fairbank, IA is a predominantly white area, with 93.7% of the population identifying as white. The white population has shrunk by 3.0% in the last 5 years. The second most common race or ethnicity in Fairbank, IA is black, making up 0.3% of the population. Foreign-born residents account for 1.2% of the population in Fairbank, IA, and this percentage has decreased by 20.0% 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 | 93.7% | -3.0% |
% Black | 0.3% | ∞% |
% Hispanic | 0.0% | N/A |
% Asian | 0.0% | N/A |
% Foreign Born | 1.2% | -20.0% |
Mortgage and Risk — Fairbank, IA
Fairbank, IA lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Fairbank, IA
Fairbank, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 9 |
Total Units Section 8 | 9 |
% Rentals under Section 8 | 7.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$180 | $850 | $670 |
| 2 Bedroom | N/A | N/A | $880 |
| 3 Bedroom | N/A | N/A | $1,150 |
| 4 Bedroom | N/A | N/A | $1,450 |
Affordability — Fairbank, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.3 |
| Median Home Price | $264,000 |
| Median Household Income | $103,000 |