Market Overview
Home Prices in Fairfield, CT
The median home value in Fairfield, CT is $1,005,556 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.3% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fairfield are priced145% above average. Fairfield is part of the Bridgeport-Stamford-Norwalk, CT metro area.
Over the past five years, Fairfield home values have risen by approximately42.7%, reflecting strong long-term appreciation in this market.
Price History
Fairfield Home Price Trend
City Comparison
Fairfield vs. National Median
At $1,005,556, homes in Fairfield cost 145% above the national median of $410,000. Buyers in Fairfield should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Fairfield?
20% Down Payment
$201,111
on $1,005,556
Monthly P&I
$5,244/mo
30-yr @ 6.8%
Total Monthly Est.
~$6,660/mo
incl. taxes & insurance
Income Needed
$266,400
gross annual (30% rule)
10% Down Option
$100,556
+ PMI applies
Loan Amount (20% dn)
$804,445
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, CT?
The median home value in Fairfield is $1,005,556 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.3% year-over-year.
How much have home prices changed in Fairfield?
Over the past year, home values in Fairfield have increased by 7.3%. Over five years, prices have risen approximately 42.7%.
How much do I need to earn to buy a home in Fairfield?
To comfortably afford the median home price of $1,005,556 with a 20% down payment ($201,111) at today's rates (6.8%), you'd need a gross annual income of approximately $266,400. 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 $1,005,556, homes in Fairfield are 145% above the national average.
What metro area is Fairfield part of?
Fairfield is part of the Bridgeport-Stamford-Norwalk, CT metropolitan area. Home prices and market conditions can vary across the broader metro region.