The housing market in Fairfax, OK is quite unique compared to the national average. The median value of a house in Fairfax is $62,000 while the national median value of a house is $338,100. In the past year, the US has seen an 8.27% increase in house prices on average while Fairfax has seen a 13.34% increase. This shows that the housing market in Fairfax is growing at a much higher rate than most other places in the nation and could be a great place to invest for those looking for a home or even as an investment opportunity.
The median home cost in Fairfax is $62,000. Home appreciation the last 10 years has been 62.1%. Home Appreciation in Fairfax is up 14.5%.
Average Age of Homes
- The median age of Fairfax real estate is 68 years old
The Rental Market in Fairfax
- Renters make up 15.1% 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.