Fayette, IA housing market
The typical Fayette home is worth about $175,000, up 6% in a year, 27% below the Iowa typical home.
Home values, sales, trends and how Fayette compares with the towns next door — updated as new data is published.
Fayette at a glance
Typical home value, 2016–2026
Show as a table
| January | Fayette | Iowa |
|---|---|---|
| 2017 | $95,000 | $147,000 |
| 2018 | $98,000 | $152,000 |
| 2019 | $103,000 | $159,000 |
| 2020 | $113,000 | $167,000 |
| 2021 | $119,000 | $179,000 |
| 2022 | $133,000 | $195,000 |
| 2023 | $147,000 | $211,000 |
| 2024 | $155,000 | $218,000 |
| 2025 | $155,000 | $228,000 |
| 2026 | $174,000 | $236,000 |
| August 2026 | $175,000 | $240,000 |
1 new home permitted in 2025
Builders were permitted 1 new home in Fayette in 2025. That's 0.8 per 1,000 residents, slower than across Iowa (4.7). Over the past 10 years, Fayette has permitted 3 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Fayette's population fell by 82 even though 34 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Iowa: 1.3 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 1 | 1 | 0 | $321,000 |
| 2025 | 1 | 1 | 0 | $342,000 |
| 2024 | 1 | 1 | 0 | $321,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 1 | 1 | 0 | $100,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 17 | 1 | 16 | $2.4 million |
| 2013 | 6 | 6 | 0 | $680,000 |
| 2012 | 2 | 2 | 0 | $560,000 |
| 2011 | 7 | 7 | 0 | $590,000 |
| 2010 | 1 | 1 | 0 | $180,000 |
| 2009 | 1 | 1 | 0 | $140,000 |
| 2008 | 3 | 3 | 0 | $1.2 million |
| 2007 | 0 | 0 | 0 | — |
| 2006 | 1 | 1 | 0 | $105,000 |
| 2005 | 1 | 1 | 0 | $195,000 |
| 2004 | 0 | 0 | 0 | — |
| 2003 | 3 | 3 | 0 | $335,000 |
| 2002 | 2 | 2 | 0 | $220,000 |
| 2001 | 14 | 2 | 12 | $725,000 |
| 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.
3.7 years of income
The typical Fayette home costs about 3.7 years of the town's median household income, more than across Iowa (3.2 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $970
HUD's Fair Market Rent for a two-bedroom in Fayette is $970 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Fayette pay a median of $1,347. A two-bedroom takes about 24% of the town's median household income.
Studio $720 · 4 bedrooms $1,520
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (52142; Fayette County, IA), 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.