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Fairland

Learn about the people, housing, costs and businesses in Fairland, Indiana

Median Home$249,100
Median Rent$912/month
Population557
Leading IndustriesTransportation · Retail · Professional Services4% transportation
Home Value Growth⬆⬆+13.3% over 2 years
Retirees27% of residentsabove average nationally
Homeowners81% of occupied units
Fairland
IN

Frequently Asked Questions

What are today's mortgage rates in Fairland?

As of today, the 30-year fixed mortgage rate for Fairland is approximately 6.986% (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 Fairland?

The median home value in Fairland is $249k. The median monthly rent is $912. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fairland?

Home values in Fairland have increased 13.3% 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 Fairland?

Based on a typical all-in ownership cost of $1,057/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fairland is $83k/year.

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What industries drive the economy in Fairland?

The largest employment sectors in Fairland are public administration (20%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.