Housing in Fayette, IA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$164,475
Fayette vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Fayette is highlighted.
Median Home Value
32nd%ilemost expensive$123,300show rank
Median Rent
52nd%ilemost expensive rent$963show rank
Rent Burden
94th%ilehighest rent burden29.4%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$123,300
Median Rent
$963
Total Housing Units
542
Vacancy Rate
12.4%
Owner Occupied
47.4%
Renter Occupied
52.6%
Median Property Tax
$1,953
per year
Monthly Cost (w/ Mortgage)
$925
Housing Types
Single Family75.5%
Multi-Family21.8%
Mobile Home2.8%
The median home value in Fayette, IA is $123,300. According to Zillow, the home value index for Fayette is $164,475. The median rent is $963 per month (Census ACS). About 47.4% of housing units are owner-occupied. The median year homes were built is 1945. There are 542 total housing units.