Market Overview
Home Prices in Fairbank, IA
The median home value in Fairbank, IA is $265,782 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.1% compared to a year ago and up 4.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fairbank are priced35% below average. Fairbank is part of the Waterloo-Cedar Falls, IA metro area.
Over the past five years, Fairbank home values have risen by approximately39.5%, reflecting strong long-term appreciation in this market.
Price History
Fairbank Home Price Trend
City Comparison
Fairbank vs. National Median
At $265,782, homes in Fairbank cost 35% below the national median of $410,000. This makes Fairbank a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fairbank?
20% Down Payment
$53,156
on $265,782
Monthly P&I
$1,386/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,760/mo
incl. taxes & insurance
Income Needed
$70,400
gross annual (30% rule)
10% Down Option
$26,578
+ PMI applies
Loan Amount (20% dn)
$212,626
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 Fairbank, IA?
The median home value in Fairbank is $265,782 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.1% year-over-year.
How much have home prices changed in Fairbank?
Over the past year, home values in Fairbank have increased by 8.1%. Over five years, prices have risen approximately 39.5%.
How much do I need to earn to buy a home in Fairbank?
To comfortably afford the median home price of $265,782 with a 20% down payment ($53,156) at today's rates (6.8%), you'd need a gross annual income of approximately $70,400. This assumes keeping total housing costs at or below 30% of gross income.
How does Fairbank compare to the national average home price?
The national median home value is approximately $410,000. At $265,782, homes in Fairbank are 35% below the national average.
What metro area is Fairbank part of?
Fairbank is part of the Waterloo-Cedar Falls, IA metropolitan area. Home prices and market conditions can vary across the broader metro region.