Fairbank, IA housing market
The typical Fairbank home is worth about $266,000, up 7.1% in a year, 11% above the Iowa typical home.
Home values, sales, trends and how Fairbank compares with the towns next door — updated as new data is published.
Fairbank at a glance
Typical home value, 2016–2026
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| January | Fairbank | Iowa |
|---|---|---|
| 2017 | $146,000 | $147,000 |
| 2018 | $149,000 | $152,000 |
| 2019 | $156,000 | $159,000 |
| 2020 | $168,000 | $167,000 |
| 2021 | $184,000 | $179,000 |
| 2022 | $202,000 | $195,000 |
| 2023 | $223,000 | $211,000 |
| 2024 | $228,000 | $218,000 |
| 2025 | $240,000 | $228,000 |
| 2026 | $260,000 | $236,000 |
| August 2026 | $266,000 | $240,000 |
2 new homes permitted in 2025
Builders were permitted 2 new homes in Fairbank in 2025, all single-family houses. That's 1.6 per 1,000 residents, slower than across Iowa (4.7). Over the past 10 years, Fairbank has permitted 36 homes in all.
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| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 0 | 0 | 0 | — |
| 2025 | 2 | 2 | 0 | $683,000 |
| 2024 | 5 | 5 | 0 | $1.6 million |
| 2023 | 3 | 3 | 0 | $910,000 |
| 2022 | 6 | 6 | 0 | $1.6 million |
| 2021 | 4 | 4 | 0 | $979,000 |
| 2020 | 4 | 4 | 0 | $951,000 |
| 2019 | 2 | 2 | 0 | $452,000 |
| 2018 | 3 | 3 | 0 | $644,000 |
| 2017 | 4 | 4 | 0 | $847,000 |
| 2016 | 3 | 3 | 0 | $604,000 |
| 2015 | 3 | 3 | 0 | $604,000 |
| 2014 | 7 | 7 | 0 | $1.4 million |
| 2013 | 2 | 2 | 0 | $367,000 |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 0 | 0 | 0 | — |
| 2002 | 0 | 0 | 0 | — |
| 2001 | 0 | 0 | 0 | — |
| 2000 | 0 | 0 | 0 | — |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3 years of income
The typical Fairbank home costs about 3 years of the town's median household income, about the same as across Iowa (3.2).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $920
HUD's Fair Market Rent for a two-bedroom in Fairbank is $920 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Fairbank pay a median of $686, so moving in tends to cost more than staying put. A two-bedroom takes about 12% of the town's median household income.
Studio $680 · 4 bedrooms $1,510
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (50629; Waterloo-Cedar Falls, IA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.