Fairfax, IA Foreclosures
How much do homes sell for in Fairfax, IA?
The average home price is currently $335,596.
In Fairfax, IA, how many homes are available?
There are currently 7 active home listings available in Fairfax.
What’s the average rental cost in Fairfax, IA?
The average rental price in Fairfax is $1,676.
What is the most expensive home in Fairfax?
The most expensive home sold in Fairfax had a price of $3,114,333.
What is currently the cheapest priced home in Fairfax, IA?
The cheapest home for sale in Fairfax is priced at $17,453.
Living in Fairfax, IA
Fairfax, IA is a small, welcoming community that offers a peaceful lifestyle with access to numerous parks and outdoor activities. With its strong sense of community and quality education options, it’s a wonderful place for families and individuals alike. Just a short drive from Cedar Rapids, residents enjoy both suburban tranquility and urban conveniences.
Current Market Conditions in Fairfax, IA
The real estate market in Fairfax, IA, is currently experiencing positive trends, with increasing demand for housing contributing to a steady rise in prices. The town attracts families and first-time buyers looking for affordable homes in a community-oriented environment. As Cedar Rapids expands, Fairfax benefits from its proximity, making it an appealing choice for those seeking suburban living.
Inventory levels remain relatively low, creating a competitive market. However, the affordability of homes compared to nearby cities encourages buyers to act quickly, often resulting in multiple offers for desirable properties.
Home Value Estimator For Fairfax, IA
There are currently 1,743 real estate properties
in Fairfax, IA,
with a median automated valuation model (AVM) price
of $319,820.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Fairfax, IA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Fairfax, IA,
is $335,596.00, with the most expensive house
in Fairfax, IA, topping out
at $3,114,333.00 and the cheapest home
in Fairfax, IA,
clocking in at $17,453.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Fairfax, IA!
Rent Prices
In Fairfax, IA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Fairfax, IA, is on
a rollercoaster ride. The
average rent price in Fairfax, IA,
is $1,676.00. Indeed, when looking to rent in
Fairfax, IA, you can expect to pay as little
as $840.00 or as much
as $2,570.00,
with the average rent median estimated to
be $1,700.00. The good news is that finding
an affordable and desirable property to rent in Fairfax, IA
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
