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MN area data

Fairfax, MN

Fairfax, MN.

Population: 1,667 (Census ACS)

Home values & appreciation

Median home value
$191,084
1-year appreciation
+8.9%
3-year appreciation
+7.4%
5-year appreciation
+23.9%
10-year appreciation
+93.8%
All-time peak (2026-05)
$191,621
House Price Index
429.3 (+3.3% YoY)

Affordability

Cost of living index (Average)
97.5 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Natural hazards & flood risk

Overall hazard risk
Very Low
Top hazards
coldWave, drought, hail, strongWind, winterWeather

Climate (30-year normals)

Annual precipitation
31.6 in

Amenities

Nearest airport
Hector Municipal Airport (9 mi)
Nearest major airport
Redwood Falls Municipal Airport (RWF) (18 mi)
Hospitals nearby (~15 mi)
1,090
Avg hospital rating
3.1 / 5
Solar radiation rating
Fair (3.8 kWh/m²/day)

Migration

Net migration
+4 tax filers

Housing stock

Median year housing built
1,952
Median annual property tax
$1,826
Mean commute to work
24 min
Households with broadband internet
55.9%

Employment & development

Total county employment
4,157
Average weekly wage
$1,075
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
21

Area data compiled from public government, academic, and industry research feeds. Data sources →

Data last updated

Most recent source refresh: Aug 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents