Fairfax, MO is an excellent place to call home. The median value of housing in Fairfax is $110,400, which is significantly lower than the US median value of $338,100. Furthermore, the one-year appreciation rate for housing in Fairfax has been 11.42%, much higher than the national rate of 8.27%. This makes Fairfax a great choice for potential homeowners looking for an affordable home with the potential for high appreciation rates.
The median home cost in Fairfax is $110,400. Home appreciation the last 10 years has been 59.2%. Home Appreciation in Fairfax is up 11.0%.
Average Age of Homes
- The median age of Fairfax real estate is 62 years old
The Rental Market in Fairfax
- Renters make up 31.4% of the Fairfax population
- 2.0% 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.