From January through December of 2017, there were 58 homes sold, with a median sale price of $150,750 - a 24.6% decrease over the $200,000 median sale price for the previous year. There were 69 homes sold in Fairfax in 2016.
The median sales tax in Fairfax for 2017 was $3,172. In 2016, the median sales tax was $3,291. This marks an decrease of 3.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.1%.
The following table compares Fairfax to other Linn County cities with similar median sales prices in 2017:
| City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Mount Vernon | 62 | 77 | -19.5% | $188,500 | $189,500 | -0.5% |
| Alburnett | 16 | 14 | 14.3% | $175,000 | $128,500 | 36.2% |
| Center Point | 73 | 84 | -13.1% | $160,500 | $141,250 | 13.6% |
| Marion | 1,025 | 1,091 | -6% | $158,000 | $164,000 | -3.7% |
| Lisbon | 46 | 78 | -41% | $152,500 | $125,000 | 22% |
| Fairfax | 58 | 69 | -15.9% | $150,750 | $200,000 | -24.6% |
| Hiawatha | 121 | 145 | -16.6% | $142,000 | $142,000 | 0% |
| Cedar Rapids | 2,644 | 2,619 | 1% | $125,000 | $117,800 | 6.1% |
| Springville | 34 | 36 | -5.6% | $120,500 | $132,500 | -9.1% |
| Coggon | 27 | 24 | 12.5% | $107,500 | $90,033 | 19.4% |
| Walker | 10 | 23 | -56.5% | $99,750 | $105,000 | -5% |
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