Commercial Real Estate Market in Fairfield, IA
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
48 active listings and 889 off-market properties in Fairfield, IA.
Market Trends
Fairfield, IA spans 175.8 square miles in Jefferson County, Iowa. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Fairfield, IA runs 21.3% across the Midwest region in 2025, up from 13.7% in 2019.
Vacancy Rate % in Midwest region
Retail
Retail vacancy in Fairfield, IA runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Fairfield, 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 vacancy in Fairfield, IA runs 8% across the Midwest region in 2025, up from 6.5% in 2022.
Vacancy Rate % in Midwest region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Civic 67.8%
- Industrial 15.4%
- Commercial 13.8%
- Residential 3%
Largest Zones share of zoned land by district
General Residential
Single Family Residential
General Manufacturing
Multifamily Residential
Service Business
Market overview
Demographics & Economy
Fairfield, IA has 12,273 residents in 6,169 households. Density runs 70 people per square mile. Median household income here is $55,528 and median gross rent $877 a month.
12,273
Population
6,169
Households
2
Avg Household Size
46
Median Age
48%
College-Educated
97%
High-School Grad
175.8 sq mi
ZIP Area
70
Density / Sq Mi
$55,528
Median Household Income
$30,245
Median Earnings
$877
Median Rent
$168,200
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Maharishi Vedic City | — | — |
| Beckwith | — | — |
| Libertyville | — | — |
| Perlee | — | — |
Commercial property in Fairfield, IA asks $418/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Fairfield?
Commercial property in Fairfield, IA asks an average of $418 per square foot. The 7 most recent recorded sales traded at a median of $97/SF, so asking sits 332% above the achieved median.
Where does Realmo's Fairfield market data come from?
Realmo compiles Fairfield, IA figures from 7 recent recorded sales, 47 active sale listings, 1 active lease listings, 889 tracked off-market properties, the current Fairfield zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 47 active for-sale and 1 active for-lease listings in Fairfield, 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: 4,286 zoned acres across 10 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, industrial vacancy is reported at Midwest region level and asking prices run materially above recent closed pricing.
- 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
