The typical owner-occupied home in Fairview is worth about $155,400, 40% below the South Dakota median of $257,400 and 53% below the national median of $332,700. Owners pay a median $1,281 a year in property taxes, about 0.82% of their home's value, lower than the South Dakota rate of 1.06%. The median household earns $71,719 a year, so the median home costs 2.2 times the median income (3.4 times for South Dakota). 95% of occupied homes here are lived in by their owners, and 74% of those owners still have a mortgage.
Fairview at a glance
| Fairview | South Dakota | U.S. | |
|---|---|---|---|
| Median home value | $155,400 | $257,400 | $332,700 |
| Median property tax paid per year | $1,281 | $2,724 | $3,119 |
| Property tax as a share of value | 0.82% | 1.06% | 0.94% |
| Median household income | $71,719 | $75,081 | $80,734 |
| Homes lived in by their owners | 95% | 69% | 65% |
| Owner homes with a mortgage | 74% | 54% | 61% |
| Median monthly costs, owners with a mortgage | $943 | $1,680 | $1,963 |
| Those costs as a share of the owners' income | 17.5% | 20.4% | 21.0% |
| Median rent | – | $946 | $1,413 |
| Median year homes were built | 1938 | 1980 | 1980 |
| Vacant homes | 0.0% | 10.5% | 10.1% |
| Population | 102 | 907,428 | 334,922,499 |
What a typical home costs per month in Fairview
At this week's average 30-year rate of 7.11%, buying the median Fairview home of $155,400 with 20% down costs about $1,007 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,266, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $43,168 for the 20%-down payment. That payment is 17% of the median Fairview household income of $71,719; at that income and 20% down, the 28% guideline points to a home of about $258,000.
| Down payment | $31,080 |
|---|---|
| Loan amount | $124,320 |
| Principal and interest | $836 |
| Property taxes (0.82% a year) | $106 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| PMI | $0 |
| Total per month | $1,007 |
Change the numbers in the calculator
| Down payment | $5,439 |
|---|---|
| Loan amount | $152,585 |
| Principal and interest | $1,026 |
| Property taxes (0.82% a year) | $106 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| FHA mortgage insurance | $69 |
| Total per month | $1,266 |
Change the numbers in the calculator
Questions about home buying in Fairview
What is the median home value in Fairview?
About $155,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Fairview?
Homeowners pay a median $1,281 a year, which is about 0.82% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Fairview?
For the median home with 20% down at 7.11%, the payment is about $1,007 a month. Keeping that under 28% of gross income takes about $43,168 a year.
More about Fairview
- Mortgage Refinance in Fairview
- Debt Relief in Fairview
- Home Equity Loans in Fairview
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data