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 Type | 0% |
| One Bedroom | 4.30% |
| Two Bedrooms | 12.70% |
| Three Bedrooms | 59.90% |
| Four Bedrooms | 19% |
| Five Bedrooms or more | 4% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.82 |
| Median year structure was built | 1968 |
| Median Value of occupied units | $105,200 |
| Median Price asked for vacant units | $75,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.2 |
| Median year structure was built | 1968 |
| Median Monthly Rent asked for vacant units | $425 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 11% |
| Home Equity Loan | 8.20% |
| Simple Mortgage | 49.30% |
| Debt Free | 31.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.5% |
