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Fairbury

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

Median Home$108,996
Median Rent$640/month
Population5,611
Leading IndustriesFinance & Insurance · Information & Media · Public Administration8% finance & insurance
Home Value Growth⬆⬆⬆+26.2% over 2 years
Retirees25% of residentsabove average nationally
Homeowners72% of occupied units
NotableAffordable Market$109k median home · lower cost than 95% of the country
Fairbury
NE

Frequently Asked Questions

What are today's mortgage rates in Fairbury?

As of today, the 30-year fixed mortgage rate for Fairbury is approximately 7.192% (7.240% 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 $109k. The median monthly rent is $640. Annual property taxes average $2k. 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 26.2% 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 $795/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fairbury is $57k/year.

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What industries drive the economy in Fairbury?

The largest employment sectors in Fairbury are public administration (28%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.