Why Live in Fairfax
Fairfax, a neighborhood in Indianapolis’ Near Westside, is known for its proximity to the Indianapolis Motor Speedway and its blue-collar roots. The area features small Craftsman bungalows and cottages, many built before 1925, making it one of the city’s more affordable neighborhoods. The median household income is $34,000, and a significant portion of the population rents their homes. Fairfax is primarily residential, with leafy streets and a quiet atmosphere, except for the occasional roar of race car engines. Essential amenities are close by, including mom-and-pop shops, Mexican stores, and the popular King Ribs Bar-B-Q on 16th Street. For more extensive shopping needs, residents can visit a nearby Kroger about a mile east on Michigan Street. The neighborhood is safer than the national average, providing a relatively low crime risk environment. Recreational options include Olin Park within Fairfax and Thatcher Park in the adjacent Garden City neighborhood, which offers a golf course, sports complex, and community center. The Main Street corridor in Speedway, about two miles west, features restaurants, pubs, and a brewery, becoming particularly lively during the Indianapolis 500 events. Public transportation is accessible via IndyGo bus routes along Michigan Street and 10th Street, connecting residents to Downtown Indianapolis and other areas.
Frequently Asked Questions
Is Fairfax a good place to live?
Fairfax is a good place to live. Fairfax is considered very car-dependent and somewhat bikeable with some transit options. Fairfax is a suburban neighborhood. Fairfax has 6 parks for recreational activities. It is fairly sparse in population with 5.5 people per acre and a median age of 33. The average household income is $44,267 which is below the national average. College graduates make up 4.8% of residents. A majority of residents in Fairfax are renters, with 60.2% of residents renting and 39.8% of residents owning their home. A
local real estate agent serving Fairfax can help you decide if this neighborhood is the right one for you. Learn more on our
Fairfax neighborhood guide.
Is Fairfax, IN a safe neighborhood?
Fairfax, IN is less safe than the average neighborhood in the United States. It received a crime score of 6 out of 10.
How much do you need to make to afford a house in Fairfax?
The median home price in Fairfax is $585,990. If you put a 20% down payment of $117,200 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,040 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $130K a year to afford the median home price in Fairfax. The average household income in Fairfax is $44K.
What are the best public schools in Fairfax?
The best public schools that serve Fairfax are:
What are the best private schools in Fairfax?
The best private schools that serve Fairfax are:
What are the most popular zip codes in Fairfax, Indianapolis, IN?
What are the most popular neighborhoods near Fairfax, Indianapolis, IN?
Home Trends in Fairfax, IN
On average, homes in Fairfax, Indianapolis sell after 26 days on the market compared to the national average of 70 days. The median sale price for homes in Fairfax, Indianapolis over the last 12 months is $436,803.
Median Sale Price
$436,803
Median Single Family Sale Price
$509,995
Median Townhouse Sale Price
$122,000
Median 2 Bedroom Sale Price
$2,334,500
Median 1 Bedroom Sale Price
$490,000
Average Price Per Sq Ft
$274
Number of Homes for Sale
7
Last 12 months Home Sales
25
Median List Price
$585,990
Median Change From 1st List Price
0%