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 Type | 0.50% |
| One Bedroom | 7.20% |
| Two Bedrooms | 24.70% |
| Three Bedrooms | 50.80% |
| Four Bedrooms | 14% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.65 |
| Median year structure was built | 1968 |
| Median Value of occupied units | $77,100 |
| Median Price asked for vacant units | $57,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.89 |
| Median year structure was built | 1971 |
| Median Monthly Rent asked for vacant units | $275 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.70% |
| Second Mortgage | 1% |
| Home Equity Loan | 6.90% |
| Simple Mortgage | 50.20% |
| Debt Free | 41.20% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 13.8% |
