Commercial Real Estate Market in Fairfax, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
5 active listings and 138 off-market properties in Fairfax, IA.
Market Trends
Fairfax, IA spans 37.2 square miles in Linn County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Fairfax, IA asks $136/SF to buy. Vacancy runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Retail
Retail space in Fairfax, IA asks $152/SF to buy. Vacancy runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Fairfax, IA runs 4.9% across the Midwest region in 2025, up from 4.4% in 2019. Nearly 1.6x the 2022 low of 3.1%.
Vacancy Rate % in Midwest region
Multifamily
Multifamily space in Fairfax, IA asks $115/SF to buy. Vacancy runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Agricultural 46.7%
- Residential 25.6%
- Industrial 16.6%
- Civic 6.1%
- Commercial 5%
Largest Zones share of zoned land by district
Agricultural
Single Family Residential
Light Industrial
Conservation And Public Use
High Commercial
Agricultural (AG)
INTENT: AG Agricultural District zoning is intended to maintain and enhance agricultural operations and preserve agricultural lands utilized for crop production or the raising of livestock. The preservation of agricultural land is intended to prevent urban sprawl, control the public costs of providing urban services and reduce urban/rural conflicts which ari…
Market overview
Demographics & Economy
Fairfax, IA has 3,402 residents in 1,470 households. Density runs 91 people per square mile. Median household income here is $121,366 and median gross rent $1,194 a month.
3,402
Population
1,470
Households
2.3
Avg Household Size
42
Median Age
42%
College-Educated
96%
High-School Grad
37.2 sq mi
ZIP Area
91
Density / Sq Mi
$121,366
Median Household Income
$56,023
Median Earnings
$1,194
Median Rent
$301,600
Median Home Value
Tools
Nearby Markets
Frequently Asked Questions
How much does it cost to lease commercial space in Fairfax?
Asking lease rates in Fairfax, IA average $7.00 per square foot per year.
Where does Realmo's Fairfax market data come from?
Realmo compiles Fairfax, IA figures from 4 recent recorded sales, 1 active sale listings, 4 active lease listings, 138 tracked off-market properties, the current Fairfax zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 1 active for-sale and 4 active for-lease listings in Fairfax, IA. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 2,334 zoned acres across 11 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at Midwest region level, retail vacancy is reported at Midwest region level and industrial vacancy is reported at Midwest region level.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
