Market Overview
Home Prices in Fairfax, OK
The median home value in Fairfax, OK is $72,284 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 22.4% compared to a year ago and down 2.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fairfax are priced82% below average. Fairfax is part of the Tulsa, OK metro area.
Over the past five years, Fairfax home values have risen by approximately29.7%, reflecting strong long-term appreciation in this market.
Price History
Fairfax Home Price Trend
City Comparison
Fairfax vs. National Median
At $72,284, homes in Fairfax cost 82% 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
$14,457
on $72,284
Monthly P&I
$377/mo
30-yr @ 6.8%
Total Monthly Est.
~$479/mo
incl. taxes & insurance
Income Needed
$19,160
gross annual (30% rule)
10% Down Option
$7,228
+ PMI applies
Loan Amount (20% dn)
$57,827
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, OK?
The median home value in Fairfax is $72,284 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 22.4% year-over-year.
How much have home prices changed in Fairfax?
Over the past year, home values in Fairfax have increased by 22.4%. Over five years, prices have risen approximately 29.7%.
How much do I need to earn to buy a home in Fairfax?
To comfortably afford the median home price of $72,284 with a 20% down payment ($14,457) at today's rates (6.8%), you'd need a gross annual income of approximately $19,160. 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 $72,284, homes in Fairfax are 82% below the national average.
What metro area is Fairfax part of?
Fairfax is part of the Tulsa, OK metropolitan area. Home prices and market conditions can vary across the broader metro region.