Housing in Fairplain

A typical Fairplain home is worth roughly $199,000

Home prices around Fairplain have risen about 51% over the past 5 years.

Typical home value

$199K

▲ 5.3% in a year · MI $266K

Estimate

2-bedroom rent

$1,280

a month, utilities in · HUD

Median tax bill

$1,920

MI $2,904

What kind of housing town is Fairplain?

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

Your money goes further25% below the Michigan typical home.

★ What stands out · Affordability

A typical home costs 3.5 years of income

About the same as across Michigan. Try your own numbers below.

You could afford about

$210,000

Typical Fairplain home $199K

That covers a typical Fairplain home, with $11K to spare.

The typical home, each month

$1,240

Loan $980Tax $200Insurance $60

A two-bedroom rents for about $1,280 a month here, $40 more than owning.

Where your budget reaches nearby

Sidney$231K Eureka$236K Orleans$264K Bushnell$199K Montcalm$211K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Fairplain’s typical property tax (1.19% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Price trend

Home prices up 51% in 5 years

The federal house price index for the ZIP codes around Fairplain rose 51% over the past 5 years, about the same as across Michigan. Last year prices rose 5.3%. Carrying the Census median home value forward with that index puts the typical Fairplain home at roughly $199,000 today.

Fairplain areaMichigan

+5.3%

past year

+51%

past 5 years

+114%

past 10 years

Estimated value

Carrying the Census median forward with the index puts a typical home at about $199K.

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Fairplain, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

Renting

A two-bedroom rents for about $1,280

Renters already here pay a median of $1,103, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$950

1 bedroom$1,070

2 bedrooms$1,280

3 bedrooms$1,620

4 bedrooms$1,790

22%

of households rent · MI 27%

162

renter households

50%

of renters spend 30%+ of income on rent · MI 50%

27%

of the median income, for a two-bedroom

$1,103

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Grand Rapids-Wyoming, MI HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

The homes

78% of Fairplain households own their home

Half of Fairplain’s homes were built before 1985.

Owners and renters

Own 78%Rent 22%

Michigan: 73% own.

1985

typical home built · MI 1972

$1,920

median property tax bill · MI $2,904

1.19%

of a home’s value, a year in tax · MI 1.25%

of homes are seasonal or vacation homes

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

Next door

Fairplain vs. its neighbors

Fairplain is the least expensive of 6 neighboring towns. Tap one to see its housing page.

Orleans$264K Eureka$236K Sidney$231K Montcalm$211K Bushnell$199K Fairplain$199K

Compare more

Town	Typical value	1-yr change	2-bed rent	New homes 2012	Median income
Fairplain	$199K*	+5.3%†	$1,280	—	$56,406
Sidney	$231K	+9.8%	$1,230	—	$60,050
Eureka	$236K*	+7%†	$1,300	0	$77,266
Orleans	$264K	+6.1%	$1,190	—	$62,978
Bushnell	$199K*	—	$1,260	—	$65,500
Montcalm	$211K*	+5.7%†	$1,300	—	$71,293

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 Fairplain buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Fairplain still affordable for young families?

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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. Price trend: Federal Housing Finance Agency House Price Index. 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.