Fairfax, MN is a small city located in the heart of Minnesota and boasts a median housing value of $147,300. This is significantly lower than the US median housing value of $338,100. However, Fairfax has still seen an appreciation of 6.82% over the past year, which is slightly less than the national average of 8.27%. Overall, Fairfax has a relatively low cost of living compared to other cities across the United States, making it an attractive location for young families or those looking for a more affordable lifestyle.
The median home cost in Fairfax is $147,300. Home appreciation the last 10 years has been 89.8%. Home Appreciation in Fairfax is up 11.0%.
Average Age of Homes
- The median age of Fairfax real estate is 60 years old
The Rental Market in Fairfax
- Renters make up 18.9% 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.