Fairfax, IA Profile: Facts & Data

Fairfax, Iowa - Basic Facts

The City of Fairfax had a population of 2,836 as of July 1, 2024.

The primary coordinate point for Fairfax is located at latitude 41.9194 and longitude -91.781 in Linn County. The formal boundaries for the City of Fairfax encompass a land area of 1.93 sq. miles and a water area of 0.03 sq. miles. Linn County is in the Central time zone (GMT -6).

The City of Fairfax has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The City of Fairfax is located within Township of Fairfax, a minor civil division (MCD) of Linn County.

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Fairfax, IA Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	2,836 (100%)
Population in Households	2,836 (100.0%)
Population in Families	2,518 (88.8%)
Population in Group Quarters¹	0
Population Density	844
Diversity Index²	21


INCOME
Median Household Income	$126,178
Average Household Income	$151,585
% of Income for Mortgage⁴	16%
Per Capita Income	$58,421
Wealth Index⁵	169
Socioeconomic Status Index⁶	Moderate (63.7)

HOUSING
Total HU (Housing Units)	1,138 (100%)
Owner Occupied HU	985 (86.6%)
Renter Occupied HU	108 ( 9.5%)
Vacant Housing Units	45 ( 4.0%)
Median Home Value	$315,127
Average Home Value	$326,802
Housing Affordability Index³	143

HOUSEHOLDS
Total Households	1,093
Average Household Size	2.59
Family Households	822
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

1,138 (100%)

Owner Occupied HU

985 (86.6%)

Renter Occupied HU

108 ( 9.5%)

Vacant Housing Units

45 ( 4.0%)

Median Home Value

$315,127

Average Home Value

$326,802

Housing Affordability Index³

143

HOUSEHOLDS

Total Households

1,093

Average Household Size

2.59

Family Households

822

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	0.07%	-0.08%
Households	0.22%	0.15%
Families		-0.34%
Median Household Income		3.80%
Per Capita Income		3.16%
Owner Occupied HU		0.46%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

0.07%

-0.08%

Households

0.22%

0.15%

Families

-0.34%

Median Household Income

3.80%

Per Capita Income

3.16%

Owner Occupied HU

0.46%

Fairfax, IA - Peer Comparisons by Rank and Percentile

The table below compares Fairfax to the other 1,026 incorporated cities, towns and CDPs in Iowa by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 124	88th
Population Density	# 353	66th
Median Household Income	# 16	98th
Housing Affordability Index	# 595	58th
Per Capita Income	# 67	94th
Diversity Index	# 297	71st

Variable Description

Rank

Percentile

Total Population

# 124

88th

Population Density

# 353

66th

Median Household Income

# 16

98th

Housing Affordability Index

# 595

58th

Per Capita Income

# 67

94th

Diversity Index

# 297

71st

Iowa Census Data Comparison Tool

Fairfax, IA Profile: Facts & Data

Fairfax, Iowa - Basic Facts

Fairfax, IA Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Fairfax, IA - Peer Comparisons by Rank and Percentile

Fairfax, IA - Most Popular Things to Do

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Linn County