Why Live in Fairlawn
Fairlawn, a neighborhood in Kokomo, Indiana, is steeped in history, with many homes dating back to the 1910s and 1920s, reflecting the area's past as a hub for the Haynes Automobile Company. The neighborhood features century-old bungalows and Craftsman-style houses, alongside some ranch-style homes from the 1980s and 1990s. Located near Chrysler and GM plants, Fairlawn is also close to the upcoming Stellantis-Samsung battery plants, making it a convenient location for workers. Public transit is available via the Kokomo City Trolley Blue and Red Lines, and the Industrial Heritage Trail offers a 5-mile path for walking, jogging, and biking. Local dining includes Barker’s B&K, a vintage drive-in, and Kokomo Ale House, known for its burgers. Nearby grocery options include Aldi, Meijer, Target, and Walmart. For recreation, Meridian Park offers a playground and basketball court, while Kokomo Municipal Stadium and Kokomo Beach Family Aquatic Center provide seasonal activities. Schools in the area include Elwood Haynes Elementary and Maple Crest Middle School, with additional options like Sycamore Elementary and Central Middle School, both International Baccalaureate schools. Safety-wise, Fairlawn has a low crime risk compared to the national average, though tornadoes are a noted concern, with significant historical events impacting the area.
Frequently Asked Questions
Is Fairlawn a good place to live?
Fairlawn is a good place to live. Fairlawn is considered somewhat walkable and bikeable. Fairlawn has 4 parks for recreational activities. It is somewhat dense in population with 6.8 people per acre and a median age of 36. The average household income is $34,597 which is below the national average. College graduates make up 7.9% of residents. A majority of residents in Fairlawn are renters, with 61.6% of residents renting and 38.4% of residents owning their home. A
local real estate agent serving Fairlawn can help you decide if this neighborhood is the right one for you. Learn more on our
Fairlawn neighborhood guide.
How much do you need to make to afford a house in Fairlawn?
The median home price in Fairlawn is $589,900. If you put a 20% down payment of $118,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $3,050 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $131K a year to afford the median home price in Fairlawn. The average household income in Fairlawn is $35K.
What are the best public schools in Fairlawn?
The best public schools that serve Fairlawn are:
What are the best private schools in Fairlawn?
The best private schools that serve Fairlawn are:
What are the most popular zip codes in Fairlawn, Kokomo, IN?
What are the most popular neighborhoods near Fairlawn, Kokomo, IN?
Are home prices dropping in Fairlawn?
Yes, home prices in Fairlawn are down 72% in the last 12 months.
Home Trends in Fairlawn, IN
On average, homes in Fairlawn, Kokomo sell after 36 days on the market compared to the national average of 70 days. The median sale price for homes in Fairlawn, Kokomo over the last 12 months is $320,000, down 32% from the median home sale price over the previous 12 months.
Median Sale Price
$320,000
Median Single Family Sale Price
$514,900
Median Townhouse Sale Price
$320,000
Average Price Per Sq Ft
$388
Number of Homes for Sale
4
Last 12 months Home Sales
3
Median List Price
$589,900
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
-32%