Market Overview
Home Prices in Fairfax, MO
The median home value in Fairfax, MO is $147,944 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 6.4% compared to a year ago and up 3.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fairfax are priced64% below average.
Over the past five years, Fairfax home values have risen by approximately24.9%, reflecting strong long-term appreciation in this market.
Price History
Fairfax Home Price Trend
2020
$98,471
$98K
—
2021
$118,427
$118K
+20.3%
2022
$131,823
$132K
+11.3%
2023
$136,511
$137K
+3.6%
2024
$152,334
$152K
+11.6%
2025
$158,138
$158K
+3.8%
2026
$147,944
$148K
-6.4%
City Comparison
Fairfax vs. National Median
🏠 Fairfax
$147,944
National Median
$410,000
At $147,944, homes in Fairfax cost 64% below the national median of $410,000. This makes Fairfax a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fairfax?
20% Down Payment
$29,589
on $147,944
Monthly P&I
$772/mo
30-yr @ 6.8%
Total Monthly Est.
~$980/mo
incl. taxes & insurance
Income Needed
$39,200
gross annual (30% rule)
10% Down Option
$14,794
+ PMI applies
Loan Amount (20% dn)
$118,355
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 Fairfax, MO?
The median home value in Fairfax is $147,944 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 6.4% year-over-year.
How much have home prices changed in Fairfax?
Over the past year, home values in Fairfax have decreased by 6.4%. Over five years, prices have risen approximately 24.9%.
How much do I need to earn to buy a home in Fairfax?
To comfortably afford the median home price of $147,944 with a 20% down payment ($29,589) at today's rates (6.8%), you'd need a gross annual income of approximately $39,200. This assumes keeping total housing costs at or below 30% of gross income.
How does Fairfax compare to the national average home price?
The national median home value is approximately $410,000. At $147,944, homes in Fairfax are 64% below the national average.