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Fairford

Learn about the people, housing, costs and businesses in Fairford, Alabama

Median Home$179,700
Median Rent$488/month
Population187
Leading IndustriesRetail · Finance & Insurance · Information & Media30% retail
Home Value Growth⬆⬆⬆+30.9% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners86% of occupied units
Fairford
AL

Frequently Asked Questions

What are today's mortgage rates in Fairford?

As of today, the 30-year fixed mortgage rate for Fairford is approximately 6.953% (6.994% 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 Fairford?

The median home value in Fairford is $180k. The median monthly rent is $488. Annual property taxes average $394. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fairford?

Home values in Fairford have increased 30.9% 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 Fairford?

Based on a typical all-in ownership cost of $616/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $26k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fairford is $66k/year.

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What industries drive the economy in Fairford?

The largest employment sectors in Fairford are retail (30%) and public administration (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.