Fairfield, Illinois is an attractive place to live due to its affordability in comparison to the national average. The median value of housing in Fairfield is around $79,400, compared to the US House Median Value of $338,100. The appreciation rate for housing in Fairfield is higher than the US one year house appreciation rate of 8.27%, at 18.28%. This means that those who choose to invest in a home or property in Fairfield can expect to see a healthy return on their investment.
The median home cost in Fairfield is $79,400. Home appreciation the last 10 years has been 43.5%. Home Appreciation in Fairfield is up 11.3%.
Average Age of Homes
- The median age of Fairfield real estate is 53 years old
The Rental Market in Fairfield
- Renters make up 32.2% of the Fairfield population
- 0.4% of houses and apartments in Fairfield, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.