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Fairburn

Learn about the people, housing, costs and businesses in Fairburn, South Dakota

Median Home$400,000
Median Rent$1,190/month
Population65
Leading IndustriesAgriculture & Mining · Construction · Manufacturing15% agriculture & mining
Home Value Growth⬆⬆⬆+22.8% over 2 years
Retirees26% of residentsabove average nationally
Homeowners91% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Fairburn
SD

Frequently Asked Questions

What are today's mortgage rates in Fairburn?

As of today, the 30-year fixed mortgage rate for Fairburn is approximately 6.922% (6.959% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Fairburn?

The median home value in Fairburn is $400k. The median monthly rent is $1,190. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fairburn?

Home values in Fairburn have increased 22.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Fairburn?

Based on a typical all-in ownership cost of $1,161/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fairburn is $83k/year.

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What industries drive the economy in Fairburn?

The largest employment sectors in Fairburn are public administration (18%) and agriculture and mining (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.