Real Estate Investing in Fairfield, Illinois

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 7,924 • Wayne County

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Should you buy in Fairfield, IL? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (68/100)

Mixed — values have been flat. OK for long-horizon buyers, less attractive if you may need to sell soon.

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
2 flags
  • Elevated vacancy: 10.5% vacancy may signal weakening demand.
  • Flat appreciation: Values have barely moved over 5 years (0.8% CAGR).

What’s happening in Fairfield, IL?

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3.0/ 5

Investability

Citywide average

1.0/ 5

Appreciation

0.8% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $114,889
Avg Monthly Rent $828
ZIP Codes 1

Investing in Fairfield Real Estate

This is a distressed-leaning corner of Illinois: Fairfield has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

Fairfield is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. clearly out-of-state investors should be especially careful with the assumptions they carry in.

Transaction volume in Fairfield has thinned in a way that amplifies price discovery risk. On the rental side, investors without local context should treat every number on the page with skepticism.

A an established population with $N/AK household income profile is what makes Fairfield a challenging rental market — the tenant base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

Real numbers from people who own or manage rentals in Fairfield, IL. Anonymous, moderated, never written by AI.

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Avg Home Value
$114,889
Avg Monthly Rent
$828
1% Rule
✗ Below
Landlord Friendly (IL)

🎓 Colleges & Universities in Fairfield

1 College 2,364 Students 255 Off-Campus Renters
C
Frontier Community College
2-Year Public · 2,364 students
📍 ~255 students rent off-campus

ZIP Codes in Fairfield, IL

Screen every ZIP in Fairfield

Filter Fairfield’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Fairfield, IL

How much should I expect to pay for a home in Fairfield, IL?

Fairfield, IL home values average about $115K. That price point suits investors targeting rentals with $828/mo in monthly income.

What is the average monthly rent in Fairfield, IL?

The typical rental in Fairfield, IL commands about $828/mo monthly. That rent profile steady cash flow against the $115K purchase basis.

What is the typical renter like in Fairfield, IL?

Tenant demand in Fairfield, IL is solid. The local workforce $828/mo rents across most rental classes.

What is the smart move for investors in Fairfield, IL?

A careful cash-flow rentals with hands-on management strategy Fairfield, IL best. The market produces measured results for that approach at the $115K price point.

Is IL a landlord-friendly state?

IL law landlord-friendly for landlords, and Fairfield inherits those rules. Investors should still review local ordinances for rental licensing.

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