Multi-family Foreclosures in Fairfax, MN

Current Market Conditions in Fairfax, MN

The real estate market in Fairfax has been relatively stable, with a steady demand for affordable housing. Many prospective buyers are attracted to the town's small-town charm and lower home prices compared to larger cities. Houses tend to sell more slowly, but the prices have been consistent, which presents an opportunity for buyers looking for a permanent residence or rental investment.

As of late 2023, there is a noticeable trend of families moving in from more urban areas, seeking peace and space. This influx is expected to gradually increase property values in the coming years as demand continues to rise.

Rent Prices In Fairfax, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fairfax, MN, is on a rollercoaster ride. The average rent price in Fairfax, MN, is $1,213.00. Indeed, when looking to rent in Fairfax, MN, you can expect to pay as little as $770.00 or as much as $3,840.00, with the average rent median estimated to be $1,170.00. The good news is that finding an affordable and desirable property to rent in Fairfax, MN -- 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.