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Featured local agent — Fairport, IA
Sarah Mitchell
Compass Real Estate · Fairport, IA
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Fairport, IA Housing Market
The last median sale price Redfin published was $440,000 (through May 2026). With 1.0 months of supply and homes going under contract in about 6 days, Fairport is a strong seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $440,000 home is about $2,349/mo in principal and interest.
Key numbers for Fairport, IA
Median sale price
$440,000
Last published period
Redfin, through April 2026
Days on market
6
Fast-moving
Redfin, through April 2026
Active listings
1
1.0 months of supply
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
100.0%
Selling above asking
Redfin, through April 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Fairport a buyer's or seller's market?
Fairport, IA is a strong seller's market, based on 1.0 months of supply and homes selling in about 6 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Fairport housing market data show?
Every row below is Redfin's final published month for Fairport, IA. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $440,000 |
| Median price per sq ft | $141/sq ft |
| Median days on market | 6 days |
| Active inventory | 1 listings |
| Months of supply | 1.0 months |
| Sale-to-list price ratio | 100.0% |
| Homes sold (that month) | 1 |
| Market condition | Strong seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Fairport is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Fairport is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Fairport home prices moved?
Across the 10 months we hold for Fairport, IA, the median sale price rose 104.7%, from $215,000 in August 2021 to $440,000. For prices to fall meaningfully from here, supply would have to keep building past 1.0 months while the sale-to-list ratio slips below its current 100.0%. Watch those two together — they move before the median does.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Fairport?
Priced off the median sale price of $440,000 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $88,000 | $352,000 | $2,349/mo |
| 5% | $22,000 | $418,000 | $2,789/mo |
Redfin, through April 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,349, that implies roughly $100,670 a year before you add taxes and insurance. We do not hold a Census income figure for Fairport, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Fairport in the next 12 months?
Tell us your timeline. We send the Fairport market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Fairport?
Zillow does not publish a rent index (ZORI) for Fairport, IA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Fairport?
Active listings in Fairport, IA went from 1 in August 2022 to 1 in April 2026, a +0.0% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| August 2022 | 1 | 1 |
| May 2023 | 1 | 1 |
| April 2026 | 1 | not published |
Redfin, through April 2026
How does Fairport compare to Iowa and the U.S.?
Fairport homes sell for $440,000 — 70% above the Iowa median of $258,700. Against the national median of $410,700, Fairport runs 7% higher.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Fairport, IA | $440,000 | not published | 6 days |
| Iowa statewide | $258,700 | +2.3% | 37 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Fairport
What buyers should watch
- Months of supply, currently 1.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $440 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $440,000 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Fairport listing goes under contract in 6 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 100.0% of asking. Price at the number you want and let competition do the rest.
- Comparable ZIP-level pricing inside Fairport varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Fairport
There are currently 1 homes listed for sale in Fairport, Iowa.
Active listings
1
Homes on market
Avg. days on market
6
Days until sale
How much do homes cost in Fairport by property type?
How the Fairport, IA market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $440,000 | $141/sq ft | 1 | 6 days |
Who lives in Fairport?
American Community Survey estimates for Fairport. U.S. Census ACS, 2023
Population
200
Households
86
Median age
70.4 years
Owner-occupied
91.9%
Median home value
$219,700
91.9% of occupied homes in Fairport are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Fairport, IA?
Ordered by distance from Fairport, not by size. Compare Fairport side by side with any of them.
Fairport housing market FAQ
Is Fairport a buyer's or seller's market?
Fairport, IA is currently a strong seller's market. That read comes from 1.0 months of supply, homes going under contract in about 6 days, and sellers getting 100.0% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Fairport?
The median sale price in the last month Redfin published was $440,000, about $141 per square foot.
Is Fairport cheaper than the rest of Iowa?
Fairport's median sale price of $440,000 is 70% higher than the Iowa statewide median of $258,700, and 7% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Fairport?
Homes in Fairport, IA spent a median of 6 days on market before going under contract, versus 37 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Fairport?
At the current 30-year fixed rate of 7.03%, 20% down on a $440,000 home is about $2,349 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $100,670 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Fairport?
We do not hold a complete 12-month value series for Fairport, IA yet, so we are not going to call a direction. The price chart above shows every period we do have.
What are the cheapest ZIP codes in Fairport?
Fairport ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Fairport?
That depends on your timeline, not on a headline. What the data says today: Fairport, IA is a strong seller's market with 1.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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One email: what homes are actually clearing at around $440,000, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.