Fairfield, IA home prices
Typical home $181,446 · +3.0% in a year · income needed $54,900
The Fairfield, IA metro area ranks 711 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +3.0% in a year and +21.7% over five years. With 20% down at 7.11%, the typical home costs about $1,281 a month including 1.41% property tax (Jefferson County rate).
Mortgage on the typical Fairfield home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $36,289 | $145,157 | $976 | $0 | $305 | $1,281 | $54,900 |
| 10% down | $18,145 | $163,302 | $1,099 | $68 | $305 | $1,471 | $63,000 |
| 5% down | $9,072 | $172,374 | $1,160 | $72 | $305 | $1,536 | $65,800 |
| 3.5% down (FHA) | $6,351 | $178,160 | $1,198 | $80 | $305 | $1,583 | $67,900 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.41% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Fairfield area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Jefferson County, IA | $181,544 | +3.0% | 1.41% |
What can you afford in Iowa on your salary? · Iowa home prices · Salaries in Iowa
Frequently asked questions
How much is a house in Fairfield?
The typical home in the Fairfield, IA metro area is worth $181,446 (Zillow, September 2026).
What salary do you need to buy a house in Fairfield?
About $54,900 a year for the typical home with 20% down at 7.11%.