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Fairbank, IA Real Estate


According to census data in the year 2000 there were 429 housing units in Fairbank. This represents a 5.1% growth from 408 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 429 were located in what is classified as a rural area.

Homeownership rate in Fairbank is about 80.9%. Fairbank's vacancy rate, including seasonal lodging, is about 3.5%. Average household size is 2.5 people.

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

Statistics

Housing Size

Housing Units by Size
Studio Type0.50%
One Bedroom7.20%
Two Bedrooms24.70%
Three Bedrooms50.80%
Four Bedrooms14%
Five Bedrooms or more2.80%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.65
Median year structure was built1968
Median Value of occupied units$77,100
Median Price asked for vacant units$57,500

Rented Homes, Apartments and Condos

Average Household Size1.89
Median year structure was built1971
Median Monthly Rent asked for vacant units$275

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.70%
Second Mortgage1%
Home Equity Loan6.90%
Simple Mortgage50.20%
Debt Free41.20%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs13.8%