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Fayette County

Learn about the people, housing, costs and businesses in Fayette County County

Median Home$135,126
Median Rent$803/month
Population19,288
Leading IndustriesRetail · Public Administration · Construction18% retail
Home Value Growth+10.8% over 2 years
Retirees23% of residentsslightly above average
Homeowners77% of occupied units
NotableAffordable Market$135k median home · lower cost than 78% of the country
Fayette County
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Frequently Asked Questions

What are today's mortgage rates in Fayette County?

As of today, the 30-year fixed mortgage rate for Fayette County is approximately 7.279% (7.315% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Fayette County
What is the median home price in Fayette County?

The median home value in Fayette County is $135k. The median monthly rent is $803. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fayette County?

Home values in Fayette County have increased 10.8% 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 Fayette County?

Based on a typical all-in ownership cost of $886/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $38k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fayette County is $62k/year.

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What industries drive the economy in Fayette County?

The largest employment sectors in Fayette County are public administration (27%) and retail (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

🗺️ Nearby Areas

Adjacent counties and areas