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Fayette

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

Median Home$169,800
Median Rent$796/month
Population1,232
Leading IndustriesRetail · Transportation · Professional Services23% retail
Home Value Growth⬆⬆+12.7% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners82% of occupied units
NotableAffordable Market$170k median home · lower cost than 65% of the country
Fayette
OH

Frequently Asked Questions

What are today's mortgage rates in Fayette?

As of today, the 30-year fixed mortgage rate for Fayette is approximately 7.052% (7.097% 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 Fayette?

The median home value in Fayette is $170k. The median monthly rent is $796. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fayette?

Home values in Fayette have increased 12.7% 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?

Based on a typical all-in ownership cost of $853/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fayette is $70k/year.

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What industries drive the economy in Fayette?

The largest employment sectors in Fayette are retail (23%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.