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Fairbury

Learn about the people, housing, costs and businesses in Fairbury, Illinois

Median Home$202,635
Median Rent$750/month
Population3,660
Leading IndustriesAgriculture & Mining · Construction · Manufacturing29% agriculture & mining
Home Value Growth⬆⬆+13.6% over 2 years
Young Adults35% of residentswell above average
Homeowners73% of occupied units
NotableTransit81/100 · excellent transit access
Fairbury
IL

Frequently Asked Questions

What are today's mortgage rates in Fairbury?

As of today, the 30-year fixed mortgage rate for Fairbury is approximately 7.012% (7.025% 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 Fairbury?

The median home value in Fairbury is $203k. The median monthly rent is $750. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fairbury?

Home values in Fairbury have increased 13.6% 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 Fairbury?

Based on a typical all-in ownership cost of $1,013/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fairbury is $84k/year.

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What industries drive the economy in Fairbury?

The largest employment sectors in Fairbury are agriculture and mining (29%) and construction (25%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.