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 community features small Craftsman bungalows and cottages — many built before 1925— and it’s one of the city’s most affordable neighborhoods. A significant portion of residents here rent their homes. Fairfax is primarily residential, with tree-lined streets and a quiet atmosphere, except for the occasional roar of racecar engines.
Essentials are nearby, including mom-and-pop shops, Mexican stores and the popular King Ribs Bar-B-Q on 16th Street. For more extensive shopping, residents can visit Kroger, about a mile east on Michigan Street. Recreation options include Olin Park, in Fairfax, and Thatcher Park — offering a golf course, sports complex and community center — in the adjacent Garden City neighborhood. The Main Street corridor, about 2 miles west in the nearby town of Speedway, features restaurants, pubs and a brewery, which become particularly lively during the Indianapolis 500 events. Public transportation is accessible along Michigan Street and 10th Street via IndyGo buses, which provide service 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 somewhat walkable and bikeable with minimal 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 $163,500. If you put a 20% down payment of $32,700 and had a 30-year fixed mortgage with an interest rate of 6.37%, your estimated principal and interest payment would be $820 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $35K a year to afford the median home price in Fairfax. Learn how much home you can afford with our
Home Affordability Calculator. 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 77 days on the market compared to the national average of 55 days. The median sale price for homes in Fairfax, Indianapolis over the last 12 months is $154,500, up 34% from the median home sale price over the previous 12 months.
Median Sale Price
$154,500
Median Single Family Sale Price
$159,500
Average Price Per Sq Ft
$112
Number of Homes for Sale
2
Last 12 months Home Sales
20
Median List Price
$163,500
Median Change From 1st List Price
7%
Median Home Sale Price YoY Change
34%