Market Overview
Home Prices in Fairfield, AL
The median home value in Fairfield, AL is $96,150 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5.3% compared to a year ago and down 9.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fairfield are priced77% below average. Fairfield is part of the Birmingham-Hoover, AL metro area.
Over the past five years, Fairfield home values have fallen by approximately12.9%, reflecting softening conditions in this market.
Price History
Fairfield Home Price Trend
City Comparison
Fairfield vs. National Median
At $96,150, homes in Fairfield cost 77% below the national median of $410,000. This makes Fairfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fairfield?
20% Down Payment
$19,230
on $96,150
Monthly P&I
$501/mo
30-yr @ 6.8%
Total Monthly Est.
~$636/mo
incl. taxes & insurance
Income Needed
$25,440
gross annual (30% rule)
10% Down Option
$9,615
+ PMI applies
Loan Amount (20% dn)
$76,920
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Fairfield, AL?
The median home value in Fairfield is $96,150 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5.3% year-over-year.
How much have home prices changed in Fairfield?
Over the past year, home values in Fairfield have decreased by 5.3%. Over five years, prices have fallen approximately 12.9%.
How much do I need to earn to buy a home in Fairfield?
To comfortably afford the median home price of $96,150 with a 20% down payment ($19,230) at today's rates (6.8%), you'd need a gross annual income of approximately $25,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Fairfield compare to the national average home price?
The national median home value is approximately $410,000. At $96,150, homes in Fairfield are 77% below the national average.
What metro area is Fairfield part of?
Fairfield is part of the Birmingham-Hoover, AL metropolitan area. Home prices and market conditions can vary across the broader metro region.