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Fairlawn

Learn about the people, housing, costs and businesses in Fairlawn, Ohio

Median Home$292,174
Median Rent$1,263/month
Population7,577
Leading IndustriesTransportation · Arts, Food & Hospitality · Education5% transportation
Home Value Growth⬆⬆⬆+22.0% over 2 years
Retirees24% of residentsslightly above average
Homeowners78% of occupied units
NotableHighly Educated37% bachelor's · 20% graduate · top 2% nationally
NotableAmenity Score78/100 · highly walkable area
Fairlawn
OH

Frequently Asked Questions

What are today's mortgage rates in Fairlawn?

As of today, the 30-year fixed mortgage rate for Fairlawn is approximately 6.906% (6.942% 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 Fairlawn?

The median home value in Fairlawn is $292k. The median monthly rent is $1,263. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fairlawn?

Home values in Fairlawn have increased 22.0% 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 Fairlawn?

Based on a typical all-in ownership cost of $1,339/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $57k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fairlawn is $104k/year.

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What industries drive the economy in Fairlawn?

The largest employment sectors in Fairlawn are public administration (25%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.