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Fairlawn, OH—44333

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$427,000
3.8% YoY Growth
Household Income
$119,000
41.3% YoY Growth
Days on Market
31
6.0% Longer YoY
Home Price Forecast
2.2%
Median Rent
$1,880
13.1% YoY Growth
1-Bed Rent
$900
8.6% YoY Growth
2-Bed Rent
$1,750
10.2% YoY Growth
3-Bed Rent
$3,000
11.5% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Fairlawn, OH

As of May '26, the median home price in Fairlawn, OH is $427,000, with a year-over-year change of 3.8%. This indicates that home prices in Fairlawn, OH are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$427,0003.8%
Single Family $441,0004.0%
Condos $238,0003.0%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$233,0002.2%
    3 Bed
    		$355,0003.8%
    4 Bed
    		$514,0004.0%
    5 Bed $805,0443.9%
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    % of Housing Stock

    Studio
    0.5%
    1 Bedroom
    4.6%
    2 Bedrooms
    17.0%
    3 Bedrooms
    34.2%
    4 Bedrooms
    33.6%
    5+ Bedrooms
    10.2%

    Rental Trends — Fairlawn, OH

    As of July '25, Rentcast reports the average rent in Fairlawn, OH is $2,680, with a year-over-year rent change of 13.1%. Per bedroom, the median rent as of July '25 in Fairlawn, OH is 1-bedrooms: $1,070, 2-bedrooms: $1,620, 3-bedrooms: $2,920, 4-bedrooms: $3,900. The most common rental property sizes in Fairlawn, OH are 2-bedroom and 1-bedroom, accounting for 56.6% and 22.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,880$2,680
    Studio Rent N/AN/A
    1 Bed Rent $900$1,070
    2 Bed Rent $1,750$1,620
    3 Bed Rent $3,000$2,920
    4 Bed Rent $2,900$3,900
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    % of Rental Stock

    Studio
    3.3%
    1 Bedroom
    22.7%
    2 Bedrooms
    56.6%
    3 Bedrooms
    14.8%
    4 Bedrooms
    2.7%

    Property Listings — Fairlawn, OH

    As of May '26, Realtor.com reports that the median days on market for a home in Fairlawn, OH is 31. This is a increase of 6.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$490,000-24.0%
    Listing Count
    		7329.0%
    Listings as % of Homes0.4%29.0%
    Days on Market
    		316.0%
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    Demographics — Fairlawn, OH

    As of the latest ACS Survey released in 2023, Fairlawn, OH has a population of 19,900, which has increased by 5.9% over the past 5 years. Fairlawn, OH is a moderately popular place for families, as children make up 21.4% of the population. The area has a highly educated workforce, with 63.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.9% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		19,9005.9%
    % Under 18
    		21.4%3.9%
    % Seniors
    		23.0%0.4%
    % WFH
    		21.9%195.9%
    % w/ College Degree
    		63.9%22.4%
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    As of the latest ACS Survey released in 2023, Fairlawn, OH is a predominantly white area, with 83.6% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Fairlawn, OH is black, making up 6.5% of the population. Foreign-born residents account for 5.6% of the population in Fairlawn, OH, and this percentage has decreased by 5.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		83.6%-3.6%
    % Black
    		6.5%8.3%
    % Hispanic
    		2.7%50.0%
    % Asian
    		3.0%20.0%
    % Foreign Born
    		5.6%-5.1%
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    Mortgage and Risk — Fairlawn, OH

    According to HUD data as of 2023, there were 438 mortgage originations in Fairlawn, OH, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Fairlawn, OH. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		438
    % Conventional Loans
    		92.0%
    % Government Loans
    		8.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		13.0%
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    Rentals and Section 8 — Fairlawn, OH

    As of 2024, the percent of homes in Fairlawn, OH under the Section 8 program is 1.6%. 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 Fairlawn, OH, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		31
    Total Units Section 8
    		27
    % Rentals under Section 8
    		1.6%
    % Occupied Section 8
    		93.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$30$900$870
    2 Bedroom-$630$1,750$1,120
    3 Bedroom-$1,620$3,000$1,380
    4 Bedroom-$1,410$2,900$1,490

    Affordability — Fairlawn, OH

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio3.2
    Median Home Price$427,000
    Median Household Income$119,000

    Fairlawn, OH — ZIP Code Boundary Map

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    Frequently Asked Questions