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Fairfax city, MN

ZIP 55332 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 55332

Median Home Value
$135,800
Median Rent
$432
Affordability Snapshot
$37,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$872/mo PITI).

9%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.3x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

26.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 55332 in Fairfax city, MN, a household would need roughly $37,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $872. That sits below the local median household income ($58,177), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 10% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
83.3%+27% vs US avg
x
Vacancy Rate
10.1%-2% vs US avg
x
Broadband Access
78.6%-10% vs US avg
x
4+ Bedrooms
6.1%-59% vs US avg
x
Built Pre-1939
7.2%-43% vs US avg
x
Built Post-2014
0.3%-96% vs US avg
x
Rent Burden >30%
35.3%-29% vs US avg
x
Mortgage-Free
56.6%+48% vs US avg
x
$135,800
Home Value
$432
Rent
1945
Year Built
2008
Moved In

Residents have lived here since ~2008 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached89.7%
  • 1-unit attached0.0%
  • 2-9 units0.3%
  • 10+ units7.5%
  • Mobile home & other2.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$135,800
Median rent$432
Owner-occupied83.3%
Vacant10.1%
Price-to-income2.3x
Est. income to buy$37,000