Market Overview
Home Prices in Fairfield, WA
The median home value in Fairfield, WA is $306,872 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.3% compared to a year ago and up 1.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Fairfield are priced25% below average. Fairfield is part of the Spokane-Spokane Valley, WA metro area.
Over the past five years, Fairfield home values have risen by approximately14.4%, reflecting steady appreciation in this market.
Price History
Fairfield Home Price Trend
City Comparison
Fairfield vs. National Median
At $306,872, homes in Fairfield cost 25% below the national median of $410,000. This makes Fairfield a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Fairfield?
20% Down Payment
$61,374
on $306,872
Monthly P&I
$1,600/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,032/mo
incl. taxes & insurance
Income Needed
$81,280
gross annual (30% rule)
10% Down Option
$30,687
+ PMI applies
Loan Amount (20% dn)
$245,498
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 Fairfield, WA?
The median home value in Fairfield is $306,872 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.3% year-over-year.
How much have home prices changed in Fairfield?
Over the past year, home values in Fairfield have increased by 2.3%. Over five years, prices have risen approximately 14.4%.
How much do I need to earn to buy a home in Fairfield?
To comfortably afford the median home price of $306,872 with a 20% down payment ($61,374) at today's rates (6.8%), you'd need a gross annual income of approximately $81,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Fairfield compare to the national average home price?
The national median home value is approximately $410,000. At $306,872, homes in Fairfield are 25% below the national average.
What metro area is Fairfield part of?
Fairfield is part of the Spokane-Spokane Valley, WA metropolitan area. Home prices and market conditions can vary across the broader metro region.