Fairfax, MN—55332
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairfax, MN
Fairfax, MN lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $177,000 | -0.5% |
| Single Family | $177,000 | -0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Fairfax, MN
As of July '25, Rentcast reports the average rent in Fairfax, MN is $730, with a year-over-year rent change of -16.5%. Per bedroom, the median rent as of July '25 in Fairfax, MN is 1-bedrooms: $695, 2-bedrooms: $741. The most common rental property sizes in Fairfax, MN are 1-bedroom and 2-bedroom, accounting for 38.8% and 29.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $715 | $730 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $695 | $695 |
| 2 Bed Rent | $715 | $741 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Fairfax, MN
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairfax, MN is 138. This is a increase of 106.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $246,000 | -13.0% |
Listing Count | 6 | 79.0% |
| Listings as % of Homes | 0.3% | 79.0% |
Days on Market | 138 | 106.0% |
Demographics — Fairfax, MN
As of the latest ACS Survey released in 2023, Fairfax, MN has a population of 1,710, which has increased by 3.8% over the past 5 years. Fairfax, MN is a moderately popular place for families, as children make up 23.7% of the population. The area has a poorly educated workforce, with 12.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,710 | 3.8% |
% Under 18 | 23.7% | 19.7% |
% Seniors | 26.1% | 7.4% |
% WFH | 8.5% | -18.3% |
% w/ College Degree | 12.1% | 17.5% |
As of the latest ACS Survey released in 2023, Fairfax, MN is a predominantly white area, with 78.2% of the population identifying as white. The white population has shrunk by 9.6% in the last 5 years. The second most common race or ethnicity in Fairfax, MN is hispanic, making up 17.0% of the population. Foreign-born residents account for 9.7% of the population in Fairfax, MN, and this percentage has increased by 106.4% 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 | 78.2% | -9.6% |
% Black | 0.0% | -100.0% |
% Hispanic | 17.0% | 66.7% |
% Asian | 1.1% | -26.7% |
% Foreign Born | 9.7% | 106.4% |
Mortgage and Risk — Fairfax, MN
According to HUD data as of 2023, there were 36 mortgage originations in Fairfax, MN, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Fairfax, MN. Investor activity is low, as 6.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 36 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 6.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Fairfax, MN
Fairfax, MN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 28 |
Total Units Section 8 | 26 |
% Rentals under Section 8 | 23.3% |
% Occupied Section 8 | 71.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $125 | $695 | $820 |
| 2 Bedroom | $285 | $715 | $1,000 |
| 3 Bedroom | N/A | N/A | $1,400 |
| 4 Bedroom | N/A | N/A | $1,690 |
Affordability — Fairfax, MN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $177,000 |
| Median Household Income | $58,200 |