Commercial Real Estate Market in Fairfield, IL
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
8 active listings and 543 off-market properties in Fairfield, IL.
Market Trends
Fairfield, IL spans 163.9 square miles in Wayne County, Illinois. Figures below refresh monthly; last updated 31 August 2026.
Office
Office vacancy in Fairfield, IL 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, IL runs 6.3% across the Midwest region in 2025, down from 8% in 2020.
Vacancy Rate % in Midwest region
Industrial
Industrial vacancy in Fairfield, IL 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, IL 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
- Residential 51.7%
- Industrial 15.7%
- Commercial 15.4%
- Agricultural 0.5%
Largest Zones share of zoned land by district
One And Two Family Residential District
Public Use
Industrial District
Multiple Family Residential District
One Family Residential District
Fairfield, IL zones 2,728 acres across 11 districts. Commercial zoning covers 15.4% of zoned land, residential 51.7% and industrial 15.7%. The largest single district is One And Two Family Residential District at 21.4%. For commercial buyers the practical constraint is that only 31.2% of land carries a commercial or industrial designation.
Industrial District (I)
I District an area of structures intended to provide industrial uses
Market overview
Demographics & Economy
Fairfield, IL has 8,467 residents in 4,157 households. Density runs 52 people per square mile. Median household income here is $46,646 and median gross rent $584 a month.
8,467
Population
4,157
Households
2
Avg Household Size
45
Median Age
15%
College-Educated
91%
High-School Grad
163.9 sq mi
ZIP Area
52
Density / Sq Mi
$46,646
Median Household Income
$39,299
Median Earnings
$584
Median Rent
$105,400
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Barnhill | — | — |
| Mill Shoals | — | — |
| Aden | — | — |
| Boyleston | — | — |
Commercial property in Fairfield, IL asks $61/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Fairfield?
Commercial property in Fairfield, IL asks an average of $61 per square foot.
What zoning applies to commercial property in Fairfield?
Fairfield, IL zones 2,728 acres across 11 districts, of which 15.4% is commercial and 15.7% industrial. The largest single district is One And Two Family Residential District at 21.4% of zoned land. Residential zoning covers 51.7% and open space 0%.
Where does Realmo's Fairfield market data come from?
Realmo compiles Fairfield, IL figures from 3 recent recorded sales, 8 active sale listings, 543 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 8 active for-sale and 0 active for-lease listings in Fairfield, IL. 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: 2,728 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
