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Fairview Heights

Learn about the people, housing, costs and businesses in Fairview Heights, Illinois

Median Home$171,078
Median Rent$1,194/month
Population16,444
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services9% arts, food & hospitality
Home Value Growth⬆⬆+20.8% over 2 years
Young Adults29% of residentsslightly above average
Homeowners67% of occupied units
NotableAmenity Score75/100 · highly walkable area
NotableVeteran Community11% of residents · top 9% nationally
Fairview Heights
IL

Frequently Asked Questions

What are today's mortgage rates in Fairview Heights?

As of today, the 30-year fixed mortgage rate for Fairview Heights is approximately 7.104% (7.119% 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 Fairview Heights?

The median home value in Fairview Heights is $171k. The median monthly rent is $1,194. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fairview Heights?

Home values in Fairview Heights have increased 20.8% 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 Fairview Heights?

Based on a typical all-in ownership cost of $1,168/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fairview Heights is $77k/year.

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What industries drive the economy in Fairview Heights?

The largest employment sectors in Fairview Heights are public administration (25%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.