Market Overview
Home Prices in Fairlawn, OH
The median home value in Fairlawn, OH is $324,259 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.6% compared to a year ago and up 1.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fairlawn are priced21% below average. Fairlawn is part of the Akron, OH metro area.
Over the past five years, Fairlawn home values have risen by approximately28.5%, reflecting strong long-term appreciation in this market.
Price History
Fairlawn Home Price Trend
City Comparison
Fairlawn vs. National Median
At $324,259, homes in Fairlawn cost 21% below the national median of $410,000. This makes Fairlawn a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fairlawn?
20% Down Payment
$64,852
on $324,259
Monthly P&I
$1,691/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,148/mo
incl. taxes & insurance
Income Needed
$85,920
gross annual (30% rule)
10% Down Option
$32,426
+ PMI applies
Loan Amount (20% dn)
$259,407
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 Fairlawn, OH?
The median home value in Fairlawn is $324,259 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.6% year-over-year.
How much have home prices changed in Fairlawn?
Over the past year, home values in Fairlawn have increased by 3.6%. Over five years, prices have risen approximately 28.5%.
How much do I need to earn to buy a home in Fairlawn?
To comfortably afford the median home price of $324,259 with a 20% down payment ($64,852) at today's rates (6.8%), you'd need a gross annual income of approximately $85,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Fairlawn compare to the national average home price?
The national median home value is approximately $410,000. At $324,259, homes in Fairlawn are 21% below the national average.
What metro area is Fairlawn part of?
Fairlawn is part of the Akron, OH metropolitan area. Home prices and market conditions can vary across the broader metro region.