Housing in Fairfield, IA (zip code 52556) is significantly more affordable than the US median. The housing median value in Fairfield is $162,300, while the US median is $338,100. Despite this affordability gap, Fairfield has seen greater house appreciation over the last year than the US as a whole. The US saw a 1 year appreciation rate of 8.27%, but over the same period Fairfield saw an 11.61% rise in housing values. This increased appreciation could be indicative of a growing demand for housing in this area and may be associated with other economic and demographic trends, such as job growth or population shifts.
The median home cost in Fairfield (zip 52556) is $162,300. Home appreciation the last 10 years has been 63.9%. Home Appreciation in Fairfield (zip 52556) is up 15.1%.
Average Age of Homes
- The median age of Fairfield (zip 52556) real estate is 47 years old
The Rental Market in Fairfield (zip 52556)
- Renters make up 31.4% of the Fairfield (zip 52556) population
- 0.1% of houses and apartments in Fairfield (zip 52556), 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.