Fairfax, MN Housing Market

$178,056

0.7% 1-yr

The average Fairfax, MN home value is $178,056, down 0.7% over the past year.

What is the Zillow Home Values Index?

Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.

Learn more about the Zillow Home Value Index

Fairfax Key Takeaways

Typical Home Values: $178,056

1-year Value Change: -0.7%

(Data through April 30, 2025)

Fairfax Housing Market Overview

--1-year Market Forecast

7For sale inventory(April 30, 2025)

--New listings(April 30, 2025)

--Median sale to list ratio

--Median sale price(March 31, 2025)

--Median list price(April 30, 2025)

--Percent of sales over list price

--Percent of sales under list price

--Median days to pending

(Metric availability is based on market coverage and data)

How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.

Neighborhoods in Fairfax

NameMedian ZHVI
Essig--
Searles--
Indian Trails$755,930
Braemar Hills$857,875
Indian Hills$1,097,594
Londonberry$190,148
Dewey Hill$411,090
Bredesen Park$770,753
Parkwood Knolls$1,220,574

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Fairfax Rental Market Trends

--Average rent in Fairfax

$2,024National average rent(April 30, 2025)

--Month-over-month change

--Year-over-year change

How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.