Fairhaven, MN
Population 279 · Minnesota
About Fairhaven, MN
Fairhaven is a small community located in Minnesota with a population of 279 residents according to the latest US Census Bureau American Community Survey data. The median household income is $92,143 per year, which is 23% above the national median of $75,149. The median age of 49.8 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Fairhaven features a median home value of $237,100, which is 3% below the national median of $244,900. This positions Fairhaven in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 154 total housing units, 96% are owner-occupied (115 units) and 4% are renter-occupied (5 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Fairhaven shows an unemployment rate of 4.0%, which is near the national rate of 3.7%. The poverty rate stands at 6.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Fairhaven have an average one-way commute time of 34.8 minutes.
Education & Demographics
20.3% of Fairhaven 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 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Fairhaven, MN
Compared to national averages, Fairhaven has a median household income of $92,143 (23% above the national median of $75,149). Home values average $237,100, which is 3% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Minnesota, Fairhaven's income is 24% above the state average of $74,221, and home values are 16% above the state median of $204,472.
Why Live in Fairhaven, MN?
Fairhaven offers a strong local economy with a median household income of $92,143, well above the national average, and affordable housing with a median home value of $237,100, below the US average of $244,900, and rent that’s lower than the national average at $0/month. Additionally, the city features a low poverty rate of 6.1%, better than the national average.
Fairhaven has a population of 279 with a median age of 49.8 years. Compare Fairhaven with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Fairhaven
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Rutledge | 278 | $62,917 | $111,700 | Compare |
| Middle River | 281 | $57,188 | $103,500 | Compare |
| Dakota | 276 | $92,969 | $223,900 | Compare |
| New Munich | 275 | $90,714 | $165,300 | Compare |
| Pine Point | 275 | $40,000 | $76,700 | Compare |
| Eitzen | 284 | $53,750 | $117,700 | Compare |
| Deer Creek | 273 | $55,000 | $123,100 | Compare |
| Riverland | 273 | $35,313 | $0 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Fairhaven
What is the population of Fairhaven, MN?
The population of Fairhaven, MN is 279 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Minnesota.
What is the median household income in Fairhaven?
The median household income in Fairhaven, MN is $92,143 per year, which is 23% above the national median of $75,149.
What is the median home value in Fairhaven?
The median home value in Fairhaven, MN is $237,100, which is 3% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Fairhaven?
The median monthly rent in Fairhaven, MN is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Fairhaven?
The unemployment rate in Fairhaven, MN is 4.0%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Fairhaven, MN a good place to live?
Fairhaven offers above-average incomes, affordable housing, and growing employment opportunities. With a population of 279 and a median age of 49.8, the city appeals to established professionals and retirees.
How educated is Fairhaven, MN?
20.3% of residents in Fairhaven 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 Fairhaven?
Key cost-of-living indicators for Fairhaven, MN: median home value is $237,100 (3% below national), median rent is $0/month, and median household income is $92,143. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Fairhaven?
The poverty rate in Fairhaven, MN is 6.1%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Fairhaven, MN?
Fairhaven's population is 0.0% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.