Housing in Fairfax, MN

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Zillow — January 2026

Zillow Home Value Index

$174,425

Fairfax vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with under 10,000 residents. Fairfax is highlighted.

Median Home Value

20th%ilemost expensive$99,800show rank

Median Rent

1st%ilemost expensive rent$410show rank

Rent Burden

2nd%ilehighest rent burden9.2%show rank

Census Housing Data

Source: U.S. Census Bureau ACS (2023)

Median Home Value

$99,800

Median Rent

$410

Total Housing Units

448

Vacancy Rate

10.0%

Owner Occupied

81.9%

Renter Occupied

18.1%

Median Property Tax

$1,379

per year

Monthly Cost (w/ Mortgage)

$778

Housing Types

Single Family

90.8%

Multi-Family

6.7%

Mobile Home

2.5%

The median home value in Fairfax, MN is $99,800. According to Zillow, the home value index for Fairfax is $174,425. The median rent is $410 per month (Census ACS). About 81.9% of housing units are owner-occupied. The median year homes were built is 1949. There are 448 total housing units.