Why Live in Fairway Knolls
Fairway Knolls in Bloomington is a suburban neighborhood characterized by its Ranch homes and duplexes built between the 1960s and 1990s. The area is known for its practical and community-oriented atmosphere, with children often seen playing in their yards or at local parks. The neighborhood's mature trees provide ample shade, adding to the charm of the modest homes. Families are drawn to Fairway Knolls for its affordability and family-friendly environment. Housing options include Ranch homes and split-level homes, with prices ranging from $155,000 to $290,000, making it an attractive option for those seeking a suburban lifestyle. The neighborhood is served by several well-rated schools, including Bloomington High School, which offers a comprehensive education with a strong art department. Fairway Knolls is conveniently located near Illinois State Route 9 and is serviced by the Connect bus system, with the Central Illinois Regional Airport just over three miles away. Ewing Park is a local favorite, featuring a playground, walking path, and picnic area. Residents also have access to State Farm Park for swimming. Shopping and dining options are plentiful, with Empire Plaza Shopping Center and local eateries like Bloom’s Coffee Bar and Garden Paradise. The Downtown Bloomington Farmers’ Market, located about three miles away, offers fresh produce and local goods year-round. The Mclean County Arts Center provides art exhibitions and educational classes, enriching the community’s cultural life.
Frequently Asked Questions
Is Fairway Knolls a good place to live?
Fairway Knolls is a good place to live. Fairway Knolls is considered somewhat walkable and somewhat bikeable with some transit options. Fairway Knolls has 5 parks for recreational activities. It is fairly sparse in population with 6.0 people per acre and a median age of 38. The average household income is $51,427 which is below the national average. College graduates make up 28.2% of residents. A majority of residents in Fairway Knolls are renters, with 57.5% of residents renting and 42.5% of residents owning their home. A
local real estate agent serving Fairway Knolls can help you decide if this neighborhood is the right one for you. Learn more on our
Fairway Knolls neighborhood guide.
How much do you need to make to afford a house in Fairway Knolls?
The median home price in Fairway Knolls is $242,450. If you put a 20% down payment of $48,500 and had a 30-year fixed mortgage with an interest rate of 6.35%, your estimated principal and interest payment would be $1,210 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $52K a year to afford the median home price in Fairway Knolls. The average household income in Fairway Knolls is $51K.
What are the best public schools in Fairway Knolls?
The best public schools that serve Fairway Knolls are:
What are the best private schools in Fairway Knolls?
The best private schools that serve Fairway Knolls are:
What are the most popular zip codes in Fairway Knolls, Bloomington, IL?
What are the most popular neighborhoods near Fairway Knolls, Bloomington, IL?
Home Trends in Fairway Knolls, IL
On average, homes in Fairway Knolls, Bloomington sell after 11 days on the market compared to the national average of 52 days. The median sale price for homes in Fairway Knolls, Bloomington over the last 12 months is $237,500, up 8% from the median home sale price over the previous 12 months.
Median Sale Price
$237,500
Median Single Family Sale Price
$241,250
Average Price Per Sq Ft
$125
Number of Homes for Sale
1
Last 12 months Home Sales
15
Median List Price
$242,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
8%