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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 Type0.70%
One Bedroom9.80%
Two Bedrooms27.70%
Three Bedrooms40.50%
Four Bedrooms17.70%
Five Bedrooms or more3.50%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.39
Median year structure was built1952
Median Value of occupied units$49,900
Median Price asked for vacant units$16,300

Rented Homes, Apartments and Condos

Average Household Size2.07
Median year structure was built1967
Median Monthly Rent asked for vacant units$361

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage6%
Home Equity Loan2.30%
Simple Mortgage40.30%
Debt Free51.40%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs14.1%