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Home values, rents and more in Fairfax, MN

September 2026 figures from Zillow and the U.S. Census Bureau · updated 2026-11-07

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Typical home value
$181,000
Minnesota: $349,000 · U.S.: $366,000
Home values, past year
+7.4%
Minnesota: +2.3% · U.S.: +1.2%
Population
1,088
ACS 2020–24
Median household income
$60,172
Minnesota: $89,062 · U.S.: $80,734
ZIP codes around Fairfax, MN, shaded by typical home valueFairfax55332
  • Under $0k
  • No data
ZIP codes around Fairfax, MN, shaded by typical home value (Zillow, ZIP codes). Dashed lines are county borders. Fairfax is outlined.

How Fairfax compares

The typical home in Fairfax, MN is worth about $181,000, according to the Zillow Home Value Index for September 2026. Home values in Fairfax are 48% below the typical value in Minnesota ($349,000) and 51% below the U.S. typical value ($366,000).

Over the past year, home values in Fairfax rose 7.4%, compared with +2.3% in Minnesota and +1.2% nationally.

The median household income is $60,172, against $89,062 in Minnesota and $80,734 in the U.S. (Census Bureau, American Community Survey 2020–24).

About 1,088 people live in Fairfax (American Community Survey 2020–24).

Fairfax has the 75th-lowest typical home value of the 675 cities in Minnesota with Zillow figures.

Part of: Renville County, MN · Minnesota

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  • 5- and 10-year price changes
  • Days on market and months of supply
  • Price cuts and sale-to-list ratio
  • Price-to-income and monthly cost to buy
  • Crime rates
  • Homeowners insurance premiums
  • Commute time to downtown
  • Flood, wildfire and natural hazard risk
  • Property-tax rate
  • 2024 presidential vote
  • Age, education and household make-up
  • Amenities and transit nearby
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Nearby cities

ZIP codes in Fairfax, MN

Sources

Home values: Zillow Home Value Index (ZHVI), all homes, middle tier, smoothed and seasonally adjusted, September 2026. Rents: Zillow Observed Rent Index (ZORI), seasonally adjusted. Population: Census population estimates (July 2025) for states, metros and counties; ACS 2020–24 for cities and ZIP codes. Income: U.S. Census Bureau, ACS 2020–24 5-year estimates. Boundaries: U.S. Census Bureau cartographic boundary files. Compiled by Home Economics.

"Typical" is Zillow's middle-tier value (homes between the 35th and 65th percentiles), not a median sale price. Changes are over the 12 months to September 2026.

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