Fairfield, IA—52556
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairfield, IA
As of Oct '25, the median home price in Fairfield, IA is $177,000, with a year-over-year change of 4.0%. This indicates that home prices in Fairfield, 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 | $177,000 | 4.0% |
| Single Family | $181,000 | 4.6% |
| Condos | $142,000 | 8.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $101,000 | 3.1% |
2 Bed | $137,000 | 3.8% |
3 Bed | $198,000 | 4.8% |
4 Bed | $237,000 | 4.9% |
| 5 Bed | $322,000 | 4.5% |
% of Housing Stock
Rental Trends — Fairfield, IA
As of July '25, Rentcast reports the average rent in Fairfield, IA is $897, with a year-over-year rent change of -9.7%. Per bedroom, the median rent as of July '25 in Fairfield, IA is studios: $599, 1-bedrooms: $731, 2-bedrooms: $958, 4-bedrooms: $1,540. The most common rental property sizes in Fairfield, IA are 2-bedroom and 1-bedroom, accounting for 53.3% and 21.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $749 | $897 |
| Studio Rent | $599 | $599 |
| 1 Bed Rent | $699 | $731 |
| 2 Bed Rent | $935 | $958 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $1,060 | $1,540 |
% of Rental Stock
Property Listings — Fairfield, IA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairfield, IA is 91. 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $199,000 | 0.0% |
Listing Count | 104 | 35.0% |
| Listings as % of Homes | 0.8% | 35.0% |
Days on Market | 91 | -6.0% |
Demographics — Fairfield, IA
As of the latest ACS Survey released in 2023, Fairfield, IA has a population of 11,600, which has decreased by -15.1% over the past 5 years. Fairfield, IA is a moderately popular place for families, as children make up 16.3% of the population. The area has a highly educated workforce, with 46.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,600 | -15.1% |
% Under 18 | 16.3% | -3.6% |
% Seniors | 28.4% | 32.1% |
% WFH | 21.1% | 44.5% |
% w/ College Degree | 46.4% | 21.1% |
As of the latest ACS Survey released in 2023, Fairfield, IA is a predominantly white area, with 80.6% of the population identifying as white. The white population has grown by 6.8% in the last 5 years. The second most common race or ethnicity in Fairfield, IA is black, making up 6.8% of the population. Foreign-born residents account for 11.6% of the population in Fairfield, IA, and this percentage has decreased by 17.7% 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 | 80.6% | 6.8% |
% Black | 6.8% | 209.1% |
% Hispanic | 4.8% | 26.3% |
% Asian | 4.7% | -39.0% |
% Foreign Born | 11.6% | -17.7% |
Mortgage and Risk — Fairfield, IA
According to HUD data as of 2023, there were 202 mortgage originations in Fairfield, IA, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Fairfield, IA. Investor activity is low, as 7.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 202 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Fairfield, IA
Fairfield, IA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 311 |
Total Units Section 8 | 301 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 77.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $91 | $699 | $790 |
| 2 Bedroom | $105 | $935 | $1,040 |
| 3 Bedroom | N/A | N/A | $1,250 |
| 4 Bedroom | $320 | $1,060 | $1,380 |
Affordability — Fairfield, IA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $177,000 |
| Median Household Income | $55,500 |