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Fairfax, IA Real Estate


According to census data in the year 2000 there were 347 housing units in Fairfax. This represents a 19.7% growth from 290 in 1990.

Of those housing units, 321 were located in either urbanized areas or urban clusters, and 26 were located in what is classified as a rural area.

Homeownership rate in Fairfax is about 87.8%. Fairfax's vacancy rate, including seasonal lodging, is about 5.2%. Average household size is 2.74 people.

The majority of houses, apartments or condos in Fairfax were built after 1968.

Statistics

Housing Size

Housing Units by Size
Studio Type0%
One Bedroom4.30%
Two Bedrooms12.70%
Three Bedrooms59.90%
Four Bedrooms19%
Five Bedrooms or more4%
As % of Housing Units
         

Owned Homes, Apartments and Condos

Average Household Size2.82
Median year structure was built1968
Median Value of occupied units$105,200
Median Price asked for vacant units$75,000

Rented Homes, Apartments and Condos

Average Household Size2.2
Median year structure was built1968
Median Monthly Rent asked for vacant units$425

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage11%
Home Equity Loan8.20%
Simple Mortgage49.30%
Debt Free31.60%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.5%