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Foreclosure Homes in Fairfax, SD

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View this home at Garrison St Bonesteel SD 57317
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Garrison St
Bonesteel, SD 57317
AUCTION: 04-25-2024
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Top Reasons To Live In Fairfax, SD In 2024

Fairfax is located in Gregory, South Dakota, with an estimated municipal population of 115 residents. All of the best foreclosed homes for sale in Fairfax are located in the following zip code areas on Foreclosure.com: 57335. The estimated population per square kilometer (.62 miles) in Fairfax is 146.


Cost Of Living In Fairfax, SD

So, about how much do homes cost in Fairfax? The most recent median value of resident-owned homes in Fairfax is 47,660. An estimated 92.1 percent of households in Fairfax own their homes, with an average family size of 2.45. The median household income in Fairfax is 31,000, with15.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Fairfax, the median commute time of resident workers (in minutes) is 17. And last, but certainly not least, are you looking for homes to rent in Fairfax? If so, the average rent price paid by renters in Fairfax is 413, according to recent statistics.


Diversity And Demographics In Fairfax, South Dakota

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Fairfax, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Fairfax is 63.7, split between 41.5 percent male versus 58.5 female. The percentage of residents who report being married in Fairfax is 63, with an average family size of 2.45.

The percentage of residents who report their race in Fairfax is as follows:

White 99.3%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0.7%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

Looking for family-friendly neighborhoods in and/or near Fairfax? Or maybe you are searching for 55+ active adult communities in and/or near Fairfax?

The percentage of residents who report their age in Fairfax is as follows:

Under 10 8.9%
Aged 10-19 4.5%
20s 8.1%
30s 2.9%
40s 6.6%
50s 14.8%
60s 20%
70s 12.6%
80+ 21.4%

Best Schools In Fairfax, South Dakota

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Fairfax with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Fairfax.


Pros And Cons Of Living In Fairfax, South Dakota

How do you know that living in -- or moving to -- Fairfax is right where you need to be? Perhaps you grew up in Fairfax or already live nearby; therefore, the decision to buy a home in Fairfax is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Fairfax for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Fairfax:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Fairfax.


Reasons To Move To Fairfax, South Dakota, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Fairfax can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Fairfax, meanwhile, can field multiple offers from more qualified buyers.

Fairfax, SD Foreclosures


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