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Fairfax, IA—52228

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$335,000
3.3% YoY Growth
Household Income
$121,000
29.6% YoY Growth
Days on Market
23
22.0% Shorter YoY
Home Price Forecast
0.5%
Median Rent
$625
34.1% YoY Growth
1-Bed Rent
$625
0.0% YoY Growth
2-Bed Rent
$1,050
N/A
3-Bed Rent
N/A
N/A
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Fairfax, IA

As of May '26, the median home price in Fairfax, IA is $335,000, with a year-over-year change of 3.3%. This indicates that home prices in Fairfax, IA are increasing. 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 TypeMedian Home ValueYoY % Change
All Homes
$335,0003.3%
Single Family $372,0004.5%
Condos $251,0004.6%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$251,0004.6%
    3 Bed
    		$335,0004.0%
    4 Bed
    		$389,0004.3%
    5 Bed $496,5134.5%
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    % of Housing Stock

    1 Bedroom
    5.8%
    2 Bedrooms
    14.8%
    3 Bedrooms
    34.4%
    4 Bedrooms
    25.6%
    5+ Bedrooms
    19.5%

    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.

    TypeMedian RentAverage Rent
    Average Rent$625$838
    Studio Rent N/AN/A
    1 Bed Rent $625$625
    2 Bed Rent $1,050$1,050
    3 Bed Rent N/AN/A
    4 Bed Rent N/AN/A
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    % of Rental Stock

    1 Bedroom
    10.8%
    2 Bedrooms
    51.0%
    3 Bedrooms
    23.5%
    4 Bedrooms
    14.7%

    Property Listings — Fairfax, IA

    As of May '26, Realtor.com reports that the median days on market for a home in Fairfax, IA is 23. This is a decrease of -22.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$425,000-12.0%
    Listing Count
    		2322.0%
    Listings as % of Homes0.8%22.0%
    Days on Market
    		23-22.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		3,86017.0%
    % Under 18
    		28.3%-9.3%
    % Seniors
    		11.6%-19.4%
    % WFH
    		17.8%161.8%
    % w/ College Degree
    		42.5%19.0%
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    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

    MetricLatest Census5-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%
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    Mortgage and Risk — Fairfax, IA

    Fairfax, IA lacks sufficient mortgage origination data for analysis.

    Mortgages

    MetricZip 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
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    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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$515$625$1,140
    2 Bedroom$440$1,050$1,490
    3 BedroomN/AN/A$2,080
    4 BedroomN/AN/A$2,500

    Affordability — Fairfax, IA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.5
    Median Home Price$335,000
    Median Household Income$121,000

    Fairfax, IA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Walford, IA

    52351

    Cedar Rapids, IA

    52405

    Cedar Rapids, IA

    52404

    Norway, IA

    52318

    Swisher, IA

    52338

    Frequently Asked Questions