Fairfax, IA
Population 2,865 · Iowa
About Fairfax, IA
Fairfax is a small community in Iowa with a population of 2,865 residents. The median household income is $120,552 per year, which is above the national average. The median age in Fairfax is 37.1 years.
Housing in Fairfax has a median home value of $278,800 and median monthly rent of $1,188. Of the 1,009 total housing units, the majority are owner-occupied, with 918 owner-occupied and 67 renter-occupied units.
The unemployment rate in Fairfax is 1.7% and the poverty rate is 5.1%. 36.9% of residents hold a bachelor's degree or higher. The average commute time is 24.6 minutes.
How Fairfax Ranks in Iowa
Cost of Living in Fairfax, IA
Compared to national averages, Fairfax has a median household income of $120,552 (60% above the national median of $75,149). Home values average $278,800, which is 14% above the national median. Monthly rent at $1,188 is 2% above the US average of $1,163. Within Iowa, Fairfax's income is 77% above the state average of $67,947, and home values are 111% above the state median of $132,237.
Why Live in Fairfax, IA?
Fairfax offers a strong local economy with a median household income of $120,552, well above the national average, and a strong job market with an unemployment rate of just 1.7%, and a well-educated community where 36.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 5.1%, better than the national average, and short commute times averaging just 24.6 minutes.
Fairfax has a population of 2,865 with a median age of 37.1 years. Compare Fairfax with other cities to see how it stacks up, or explore all cities in Iowa.
Similar Cities Near Fairfax
Cities in Iowa with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Onawa | 2,862 | $54,659 | $125,700 | Compare |
| Park View | 2,861 | $106,429 | $276,500 | Compare |
| Marengo | 2,823 | $58,125 | $114,100 | Compare |
| Sibley | 2,821 | $54,767 | $119,800 | Compare |
| Madrid | 2,803 | $86,915 | $185,100 | Compare |
| Grundy Center | 2,794 | $77,540 | $173,200 | Compare |
| Postville | 2,787 | $47,281 | $100,300 | Compare |
| Wilton | 2,943 | $71,898 | $162,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Iowa
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Fairfax
What is the population of Fairfax, IA?
The population of Fairfax, IA is 2,865 according to the latest Census data.
What is the median household income in Fairfax?
The median household income in Fairfax, IA is $120,552 per year.
What is the median home value in Fairfax?
The median home value in Fairfax, IA is $278,800.
What is the average rent in Fairfax?
The median monthly rent in Fairfax, IA is $1,188.
What is the unemployment rate in Fairfax?
The unemployment rate in Fairfax, IA is 1.7%.