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Fairforest

Learn about the people, housing, costs and businesses in Fairforest, South Carolina

Median Home$168,400
Median Rent$1,340/month
Population2,035
Leading IndustriesFinance & Insurance · Information & Media · Construction11% finance & insurance
Home Value Growth⬆⬆+15.4% over 2 years
Retirees30% of residentswell above average
Homeowners85% of occupied units
NotableVeteran Community14% of residents · top 3% nationally
Fairforest
SC

Frequently Asked Questions

What are today's mortgage rates in Fairforest?

As of today, the 30-year fixed mortgage rate for Fairforest is approximately 6.995% (7.038% 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 Fairforest?

The median home value in Fairforest is $168k. The median monthly rent is $1,340. Annual property taxes average $670. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fairforest?

Home values in Fairforest have increased 15.4% 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 Fairforest?

Based on a typical all-in ownership cost of $946/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fairforest is $56k/year.

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What industries drive the economy in Fairforest?

The largest employment sectors in Fairforest are public administration (27%) and information and media (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.