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Fairlawn Local

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

Median Home$187,406
Median Rent$901/month
Population2,030
Leading IndustriesRetail · Public Administration · Wholesale Trade33% retail
Home Value Growth+6.7% over 2 years
Young Adults25% of residents
Homeowners86% of occupied units
NotableAffordable Market$187k median home · lower cost than 67% of the country
Fairlawn Local
OH

Frequently Asked Questions

What are today's mortgage rates in Fairlawn Local?

As of today, the 30-year fixed mortgage rate for Fairlawn Local is approximately 7.059% (7.101% 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 Local?

The median home value in Fairlawn Local is $187k. The median monthly rent is $901. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fairlawn Local?

Home values in Fairlawn Local have increased 6.7% over the past two years. This represents moderate growth. 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 Local?

Based on a typical all-in ownership cost of $851/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fairlawn Local is $75k/year.

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What industries drive the economy in Fairlawn Local?

The largest employment sectors in Fairlawn Local are retail (33%) and public administration (26%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.