Market Overview
Home Prices in Fair Oaks, IN
The median home value in Fair Oaks, IN is $354,564 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.6% compared to a year ago and up 5.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fair Oaks are priced14% below average. Fair Oaks is part of the Chicago-Naperville-Elgin, IL-IN-WI metro area.
Over the past five years, Fair Oaks home values have risen by approximately40.7%, reflecting strong long-term appreciation in this market.
Price History
Fair Oaks Home Price Trend
City Comparison
Fair Oaks vs. National Median
At $354,564, homes in Fair Oaks cost 14% below the national median of $410,000. This makes Fair Oaks a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fair Oaks?
20% Down Payment
$70,913
on $354,564
Monthly P&I
$1,849/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,348/mo
incl. taxes & insurance
Income Needed
$93,920
gross annual (30% rule)
10% Down Option
$35,456
+ PMI applies
Loan Amount (20% dn)
$283,651
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 Fair Oaks, IN?
The median home value in Fair Oaks is $354,564 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.6% year-over-year.
How much have home prices changed in Fair Oaks?
Over the past year, home values in Fair Oaks have increased by 7.6%. Over five years, prices have risen approximately 40.7%.
How much do I need to earn to buy a home in Fair Oaks?
To comfortably afford the median home price of $354,564 with a 20% down payment ($70,913) at today's rates (6.8%), you'd need a gross annual income of approximately $93,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Fair Oaks compare to the national average home price?
The national median home value is approximately $410,000. At $354,564, homes in Fair Oaks are 14% below the national average.
What metro area is Fair Oaks part of?
Fair Oaks is part of the Chicago-Naperville-Elgin, IL-IN-WI metropolitan area. Home prices and market conditions can vary across the broader metro region.