Fairfax, IA—52228
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairfax, IA
As of Oct '25, the median home price in Fairfax, IA is $322,000, with a year-over-year change of 2.2%. This indicates that home prices in Fairfax, IA are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $322,000 | 2.2% |
| Single Family | $356,000 | 2.3% |
| Condos | $243,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $242,000 | 3.9% |
3 Bed | $324,000 | 2.9% |
4 Bed | $372,000 | 1.4% |
| 5 Bed | $475,000 | 2.4% |
% of Housing Stock
Rental Trends — Fairfax, IA
As of July '25, Rentcast reports the average rent in Fairfax, IA is $838, with a year-over-year rent change of 34.1%. Per bedroom, the median rent as of July '25 in Fairfax, IA is 1-bedrooms: $625, 2-bedrooms: $1,050. The most common rental property sizes in Fairfax, IA are 2-bedroom and 3-bedroom, accounting for 51.0% and 23.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $625 | $838 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $625 | $625 |
| 2 Bed Rent | $1,050 | $1,050 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Fairfax, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairfax, IA is 34. This is a increase of 39.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $441,000 | 12.0% |
Listing Count | 20 | 27.0% |
| Listings as % of Homes | 0.8% | 27.0% |
Days on Market | 34 | 39.0% |
Demographics — Fairfax, IA
As of the latest ACS Survey released in 2023, Fairfax, IA has a population of 3,860, which has increased by 17.0% over the past 5 years. Fairfax, IA is a popular place for families, as children make up 28.3% of the population. The area has a moderately educated workforce, with 42.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,860 | 17.0% |
% Under 18 | 28.3% | -9.3% |
% Seniors | 11.6% | -19.4% |
% WFH | 17.8% | 161.8% |
% w/ College Degree | 42.5% | 19.0% |
As of the latest ACS Survey released in 2023, Fairfax, IA is a predominantly white area, with 90.5% of the population identifying as white. The white population has shrunk by 8.4% in the last 5 years. The second most common race or ethnicity in Fairfax, IA is hispanic, making up 4.1% of the population. Foreign-born residents account for 2.3% of the population in Fairfax, IA, and this percentage has increased by 228.6% 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 | 90.5% | -8.4% |
% Black | 2.1% | ∞% |
% Hispanic | 4.1% | 925.0% |
% Asian | 0.5% | 0.0% |
% Foreign Born | 2.3% | 228.6% |
Mortgage and Risk — Fairfax, IA
Fairfax, 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 — Fairfax, IA
Fairfax, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $515 | $625 | $1,140 |
| 2 Bedroom | $440 | $1,050 | $1,490 |
| 3 Bedroom | N/A | N/A | $2,080 |
| 4 Bedroom | N/A | N/A | $2,500 |
Affordability — Fairfax, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.5 |
| Median Home Price | $322,000 |
| Median Household Income | $121,000 |