Housing in Fairfield

A typical Fairfield home is worth roughly $325,000

Typical home value

$325K

IN $260K

Estimate

2-bedroom rent

$1,010

a month, utilities in · HUD

Median tax bill

$1,736

IN $1,614

What kind of housing town is Fairfield?

Read from the numbers below. The page puts what stands out first.

A town of owners98% of households own their home.Pricier than IN25% above the Indiana typical home.

★ What stands out · The homes

98% of Fairfield households own their home

Half of Fairfield’s homes were built before 1981.

Owners and renters

Own 98%Rent 2%

Indiana: 71% own.

1981

typical home built · IN 1976

$1,736

median property tax bill · IN $1,614

0.53%

of a home’s value, a year in tax · IN 0.74%

18%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024.

Affordability

A typical home costs 3.1 years of income

Less than across Indiana (3.6 years). Try your own numbers below.

You could afford about

$422,000

Typical Fairfield home $325K

That covers a typical Fairfield home, with $98K to spare.

The typical home, each month

$1,850

Loan $1,610Tax $140Insurance $90

A two-bedroom rents for about $1,010 a month here, $840 less than owning.

Where your budget reaches nearby

Richland$263K Wayne$164K Salem$173K Smithfield$205K

How Fairfield ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Fairfield’s typical property tax (0.53% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,010

Fair Market Rent a month, utilities included

Studio$720

1 bedroom$770

2 bedrooms$1,010

3 bedrooms$1,270

4 bedrooms$1,380

of households rent · IN 29%

renter households

of renters spend 30%+ of income on rent · IN 48%

12%

of the median income, for a two-bedroom

How Fairfield ranks on rent that’s easy to afford →

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (DeKalb County, IN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Fairfield vs. its neighbors

Fairfield is the priciest of 5 neighboring towns. Tap one to see its housing page.

Fairfield$325K Richland$263K Smithfield$205K Salem$173K Wayne$164K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Fairfield	$325K*	—	$1,010	$103,250
Richland	$263K*	+6.5%†	$990	$84,123
Wayne	$164K*	+4.7%†	$960	$60,000
Salem	$173K*	+3.3%†	$1,040	$81,462
Smithfield	$205K*	+8.8%†	$960	$63,571

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Fairfield buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Fairfield still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.