Fair Oaks, CA—95628
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fair Oaks, CA
As of Oct '25, the median home price in Fair Oaks, CA is $603,000, with a year-over-year change of -2.2%. This indicates that home prices in Fair Oaks, CA are decreasing. According to Zillow, the 1-year price projection is -0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $603,000 | -2.2% |
| Single Family | $616,000 | -2.4% |
| Condos | $320,000 | -3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $252,000 | -3.8% |
2 Bed | $413,000 | -1.4% |
3 Bed | $546,000 | -2.5% |
4 Bed | $718,000 | -2.0% |
| 5 Bed | $840,000 | -1.3% |
% of Housing Stock
Rental Trends — Fair Oaks, CA
As of July '25, Rentcast reports the average rent in Fair Oaks, CA is $2,060, with a year-over-year rent change of -2.4%. Per bedroom, the median rent as of July '25 in Fair Oaks, CA is studios: $1,110, 1-bedrooms: $1,660, 2-bedrooms: $2,030, 3-bedrooms: $2,650, 4-bedrooms: $3,160. The most common rental property sizes in Fair Oaks, CA are 2-bedroom and 3-bedroom, accounting for 45.0% and 23.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,940 | $2,060 |
| Studio Rent | $700 | $1,110 |
| 1 Bed Rent | $1,660 | $1,660 |
| 2 Bed Rent | $2,000 | $2,030 |
| 3 Bed Rent | $2,600 | $2,650 |
| 4 Bed Rent | $3,000 | $3,160 |
% of Rental Stock
Property Listings — Fair Oaks, CA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fair Oaks, CA is 44. This is a increase of 22.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $634,000 | -9.0% |
Listing Count | 139 | 13.0% |
| Listings as % of Homes | 0.4% | 13.0% |
Days on Market | 44 | 22.0% |
Demographics — Fair Oaks, CA
As of the latest ACS Survey released in 2023, Fair Oaks, CA has a population of 43,800, which has increased by 6.5% over the past 5 years. Fair Oaks, CA is a moderately popular place for families, as children make up 19.3% of the population. The area has a moderately educated workforce, with 43.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 20.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,800 | 6.5% |
% Under 18 | 19.3% | 0.5% |
% Seniors | 23.0% | 11.7% |
% WFH | 20.7% | 130.0% |
% w/ College Degree | 43.9% | 5.5% |
As of the latest ACS Survey released in 2023, Fair Oaks, CA is a predominantly white area, with 71.2% of the population identifying as white. The white population has shrunk by 6.2% in the last 5 years. The second most common race or ethnicity in Fair Oaks, CA is hispanic, making up 13.5% of the population. Foreign-born residents account for 11.0% of the population in Fair Oaks, CA, and this percentage has decreased by 2.7% 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 | 71.2% | -6.2% |
% Black | 1.9% | -24.0% |
% Hispanic | 13.5% | 14.4% |
% Asian | 4.8% | 20.0% |
% Foreign Born | 11.0% | -2.7% |
Mortgage and Risk — Fair Oaks, CA
According to HUD data as of 2023, there were 477 mortgage originations in Fair Oaks, CA, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Fair Oaks, CA. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 477 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Fair Oaks, CA
As of 2024, the percent of homes in Fair Oaks, CA under the Section 8 program is 3.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Fair Oaks, CA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 214 |
Total Units Section 8 | 191 |
% Rentals under Section 8 | 3.9% |
% Occupied Section 8 | 92.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $1,660 | $1,850 |
| 2 Bedroom | $300 | $2,000 | $2,300 |
| 3 Bedroom | $520 | $2,600 | $3,120 |
| 4 Bedroom | $600 | $3,000 | $3,600 |
Affordability — Fair Oaks, CA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $603,000 |
| Median Household Income | $112,000 |