Quick facts: Fair oaks, CA

Quick Facts

127.6
Cost of Living
above US average
32,754
Population
7.14
Crime Rate per 1000
below US average
$112,138
Median Income
above US average
$695,000
Median House Price
above US average
$2132.91
Average Rent
above US average
6%
Poverty Rate
below US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $112,138.

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Income Needed to Buy

βœ— Stretch
$218k/year
Based on $695,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $218k vs median $112,138
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Income Needed to Rent

βœ“ Affordable
$91k/year
Based on $2132.91/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($112,138) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fair oaks, CA

Fair Oaks, California, is a picturesque suburban community located in Sacramento County, just northeast of the state's capital, Sacramento. Known for its charming small-town atmosphere, Fair Oaks is characterized by its beautiful oak trees, scenic parks, and a tight-knit community feel. One of the town's highlights is the American River, which offers numerous recreational opportunities such as hiking, biking, and kayaking. The Fair Oaks Village features quaint shops, cafes, and events that foster local culture and engagement. Fair Oaks is also home to several parks, including Fair Oaks Park and the expansive Lake Natoma, which provide serene spaces for outdoor activities and family gatherings. The area's strong community spirit is showcased through annual events, farmers' markets, and local festivals. The local schools are part of a quality educational system, making it an attractive location for families. With easy access to Sacramento, Fair Oaks residents enjoy the benefits of urban conveniences while basking in a peaceful suburban lifestyle. Overall, Fair Oaks embodies a blend of outdoor beauty, community charm, and accessibility.

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