Fairfax, MN Real Estate
According to census data in the year 2000 there were 592 housing units in Fairfax.
This represents a 0.5% growth from 589 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 592 were located in what is classified as a rural area.
Homeownership rate in Fairfax is about 80.9%.
Fairfax's vacancy rate, including seasonal lodging, is about 10%.
Average household size is 2.32 people.
The majority of houses, apartments or condos in Fairfax were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.70% |
| One Bedroom | 9.80% |
| Two Bedrooms | 27.70% |
| Three Bedrooms | 40.50% |
| Four Bedrooms | 17.70% |
| Five Bedrooms or more | 3.50% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.39 |
| Median year structure was built | 1952 |
| Median Value of occupied units | $49,900 |
| Median Price asked for vacant units | $16,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.07 |
| Median year structure was built | 1967 |
| Median Monthly Rent asked for vacant units | $361 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6% |
| Home Equity Loan | 2.30% |
| Simple Mortgage | 40.30% |
| Debt Free | 51.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 14.1% |
