Quick facts: Fair oaks, IN

Quick Facts

95.3
Cost of Living
below US average
Population data is updating, will be available soon
Crime rate Data is updating, will be available soon
Media income Data is updating, will be available soon
$329,900
Median House Price
above US average
$1317
Average Rent
below US average
Poverty rate Data is updating, will be available soon
Unemployment Data is updating, will be available soon

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 $0.

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Income Needed to Buy

βœ— Stretch
$103k/year
Based on $329,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $103k vs median $0
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Income Needed to Rent

⚠ Stretch
$56k/year
Based on $1317/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $56k vs median $0
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fair oaks, IN

Fair Oaks is a small, rural community located in Newton County, Indiana. Known for its agricultural roots, the area is primarily characterized by farming and wide-open spaces. Fair Oaks is particularly famous for the Fair Oaks Farms, which is one of the largest agritourism destinations in the Midwest. This facility offers visitors a firsthand look at modern farming practices, dairy operations, and the overall agricultural lifestyle, making it an educational experience for families and school groups. The town is close-knit, with a quaint atmosphere that emphasizes community values and a slower pace of life. Residents enjoy outdoor activities in the surrounding nature, including parks and local events that foster social ties. The area has a rich history, showcased in local landmarks and community events. Despite its small size, Fair Oaks is conveniently located near larger towns, providing access to additional amenities and services. It's an ideal spot for those seeking a peaceful rural environment while still being within reach of urban conveniences. Overall, Fair Oaks embodies a charming blend of agricultural heritage and community spirit.

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