Real Estate Investing in Fairfax, Minnesota

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1 ZIP codes • Population: 1,714 • Renville County

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Should you buy in Fairfax, MN? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (66/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 11.7% vacancy may signal weakening demand.

What’s happening in Fairfax, MN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.3% 5yr CAGR

3.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $191,084
Avg Monthly Rent $954
ZIP Codes 1

Investing in Fairfax Real Estate

Fairfax, MN covers 1 ZIP codes and a population but the investment metrics here are sluggish — this is not a market to enter casually.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Fairfax is in that category.

Market conditions in Fairfax are subdued. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

Distressed-leaning demographics in Fairfax — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Mankato, MN

Fairfax is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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

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Avg Home Value
$191,084
Avg Monthly Rent
$954
1% Rule
✗ Below
Landlord Friendly (MN)

📉 Market Crash Risk Index

Based on Mankato, MN metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
43%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Mankato, MN metro
0
Days to pending
11.6%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Fairfax, MN

Screen every ZIP in Fairfax

Filter Fairfax’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 Fairfax, MN

What real estate strategy is ideal for Fairfax, MN?

The best-fit strategy in Fairfax, MN is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.

What is the average monthly rent in Fairfax, MN?

The typical rental in Fairfax, MN commands about $954/mo monthly. That rent profile stable cash flow against the $191K purchase basis.

Where do home prices stand in Fairfax, MN?

Expect median prices around $191K in Fairfax, MN. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.

Are renters plentiful in Fairfax, MN?

The tenant pool in Fairfax, MN is solid, supported by local employment and population fundamentals. Rents of $954/mo are well-absorbed by the market.

How does Fairfax, MN stack up for property investment?

With a 3.0/5 investability score, Fairfax, MN ranks as a solid market for rental property investors. Median prices of $191K and rents of $954/mo drive the underlying numbers.

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