Fairfax, IA is a great place to buy a home, with the median housing value being $285,700. This number is slightly under the US median house value of $338,100 but that doesn't mean there isn't potential for growth. In the past year alone, Fairfax has seen an 8.03% increase in housing values and the US has seen an 8.27% increase as well. With this steady appreciation, buying a home in Fairfax should provide a good return on investment for any buyer.
The median home cost in Fairfax is $285,700. Home appreciation the last 10 years has been 53.6%. Home Appreciation in Fairfax is up 14.4%.
Average Age of Homes
- The median age of Fairfax real estate is 14 years old
The Rental Market in Fairfax
- Renters make up 6.2% of the Fairfax population
- 0.0% of houses and apartments in Fairfax, 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.