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Fairplains

Learn about the people, housing, costs and businesses in Fairplains, North Carolina

Median Home$152,000
Median Rent$543/month
Population2,237
Leading IndustriesPublic Administration · Transportation · Education27% public administration
Home Value Growth⬆⬆+16.0% over 2 years
Retirees23% of residentsslightly above average
Homeowners62% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
NotableAffordable Market$152k median home · lower cost than 73% of the country
Fairplains
NC

Frequently Asked Questions

What are today's mortgage rates in Fairplains?

As of today, the 30-year fixed mortgage rate for Fairplains is approximately 6.941% (6.979% 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 Fairplains?

The median home value in Fairplains is $152k. The median monthly rent is $543. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fairplains?

Home values in Fairplains have increased 16.0% 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 Fairplains?

Based on a typical all-in ownership cost of $542/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $23k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fairplains is $40k/year.

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What industries drive the economy in Fairplains?

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