Median price for residential apartments in Fairfield, IL as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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7 Fairfield, IL 62837, USA apartments for sale
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Fairfield
According to statistics, the population in Fairfield, IL amounts to 4,991, which shows decline 1% compared to the previous year. The median age of the city’s residents is 43. The average household income is $37,444, shifting decline -1% from the past year, and the average property value in Fairfield, IL growth 2% to $62,100 throughout the year.
| Population | 4,991 |
| Median Age | 42.6 |
| Poverty Rate | 19% |
| Household Income | $37,444 |
| Number Of Employees | 2,138 |
| Median Property Value | $62,100 |
Household Income
The average household income in Fairfield, IL declined from $37,857 to $37,444 in the past year. This data is an estimate based upon 2,462 households in Fairfield, IL . The chart below presents how household income is distributed in Fairfield, IL in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Fairfield, IL shifted from $60,700 to $62,100 throughout the year. The subsequent graph indicates the share of properties in the given price range in Fairfield, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Fairfield, IL properties falls in the '$40,000 to $49,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Fairfield, IL compared to median property taxes around the country. The prevalent amount of property taxes in Fairfield, IL equals $800, which is less than the national average.
Housing Trends
How much does an apartment cost in Fairfield, IL 62837, USA
Average apartment sale in Fairfield: $103,333 (+33.6%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| 2-bed apartments | $75,000 | +0% |
| 4+ bed apartments | $245,000 | N/A |
During Jan 2023, the average price for an apartment in/near Fairfield, IL increased by 33.6% to $103,333.
The average price of the land for sale in Fairfield, IL has not changed significantly since last month, being $89,000. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $75,000. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $245,000 for a big-family home.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Houses for sale | $103,333 | +37.8% |
Price reports demonstrate that house price increased by 37.8% this month making it up to $103,333. The average price of the land for sale in formattedAddress% has not changed significantly since last month, being $89,000.
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