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Fairlea

Learn about the people, housing, costs and businesses in Fairlea, West Virginia

Median Home$201,186
Median Rent$936/month
Population1,617
Leading IndustriesPublic Administration · Arts, Food & Hospitality · Manufacturing32% public administration
Home Value Growth⬆⬆+15.0% over 2 years
Retirees24% of residentsslightly above average
Homeowners63% of occupied units
NotableAmenity Score81/100 · highly walkable area
Fairlea
WV

Frequently Asked Questions

What are today's mortgage rates in Fairlea?

As of today, the 30-year fixed mortgage rate for Fairlea is approximately 6.992% (7.035% 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 Fairlea?

The median home value in Fairlea is $201k. The median monthly rent is $936. Annual property taxes average $937. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fairlea?

Home values in Fairlea have increased 15.0% 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 Fairlea?

Based on a typical all-in ownership cost of $844/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 Fairlea is $44k/year.

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What industries drive the economy in Fairlea?

The largest employment sectors in Fairlea are public administration (32%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.