Fair Oaks, IN
Population 268 · Indiana
About Fair Oaks, IN
Fair Oaks is a small community located in Indiana with a population of 268 residents according to the latest US Census Bureau American Community Survey data. The median household income is $61,910 per year, which is 18% below the national median of $75,149. The median age of 23.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Fair Oaks features a median home value of $0, which is 100% below the national median of $244,900. This makes Fair Oaks one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 55 total housing units, 20% are owner-occupied (11 units) and 80% are renter-occupied (44 units). The higher proportion of renters may reflect a transient population, younger demographics, or high housing costs relative to income.
Economy & Employment
The local economy in Fair Oaks shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.0%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Fair Oaks have an average one-way commute time of 0 minutes, one of the shorter commutes in the region.
Education & Demographics
0.0% of Fair Oaks residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 70.9% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 29.1% Asian residents, with 53.0% of the population being foreign-born.
Cost of Living in Fair Oaks, IN
Compared to national averages, Fair Oaks has a median household income of $61,910 (18% below the national median of $75,149). Home values average $0, which is 100% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Indiana, Fair Oaks's income is 11% below the state average of $69,330, and home values are 100% below the state median of $163,409.
Why Live in Fair Oaks, IN?
Fair Oaks offers affordable housing with a median home value of $0, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 0.0%, better than the national average, and short commute times averaging just 0 minutes.
Potential considerations include median household income ($61,910) that falls below the national average. However, Fair Oaks’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Fair Oaks has a population of 268 with a median age of 23.5 years. Compare Fair Oaks with other cities to see how it stacks up, or explore all cities in Indiana.
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Demographics
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Economy & Education
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Other Cities in Indiana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Fair Oaks
What is the population of Fair Oaks, IN?
The population of Fair Oaks, IN is 268 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Indiana.
What is the median household income in Fair Oaks?
The median household income in Fair Oaks, IN is $61,910 per year, which is 18% below the national median of $75,149.
What is the median home value in Fair Oaks?
The median home value in Fair Oaks, IN is $0, which is 100% below the national median of $244,900. A significant portion of residents rent their homes.
What is the average rent in Fair Oaks?
The median monthly rent in Fair Oaks, IN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Fair Oaks?
The unemployment rate in Fair Oaks, IN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Fair Oaks, IN a good place to live?
Fair Oaks offers a moderate cost of living, affordable housing, and a strong job market. With a population of 268 and a median age of 23.5, the city appeals to young professionals and families.
How educated is Fair Oaks, IN?
0.0% of residents in Fair Oaks aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Fair Oaks?
Key cost-of-living indicators for Fair Oaks, IN: median home value is $0 (100% below national), median rent is $0/month, and median household income is $61,910. The home-value-to-income ratio is 0.0x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Fair Oaks?
The poverty rate in Fair Oaks, IN is 0.0%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Fair Oaks, IN?
Fair Oaks's population is 70.9% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 29.1% Asian, and 0.0% two or more races. 53.0% of residents are foreign-born.