Quick facts: Fairview, UT

Quick Facts

105.9
Cost of Living
above US average
1,262
Population
8.72
Crime Rate per 1000
below US average
$57,391
Median Income
below US average
$149,900
Median House Price
above US average
$1695.0
Average Rent
above US average
6%
Poverty Rate
below US average
2.5%
Unemployment Rate
below 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 $57,391.

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Income Needed to Buy

βœ“ Affordable
$47k/year
Based on $149,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($57,391) exceeds requirement
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Income Needed to Rent

⚠ Stretch
$73k/year
Based on $1695.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $73k vs median $57,391
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Fairview, UT

Fairview, Utah, is a quaint city located in Sanpete County, nestled between the scenic Wasatch Mountains and the vast open landscapes of Utah. With a population of just over 1,200 residents, Fairview offers a small-town charm that attracts those looking for a close-knit community and a peaceful lifestyle. The city is rich in history, with roots dating back to the mid-19th century when it was settled by Mormon pioneers. Its historical significance is reflected in various landmarks and structures throughout the area. Fairview is known for its beautiful natural surroundings, including the nearby Fairview Canyon, which provides opportunities for outdoor activities like hiking, biking, and fishing. In addition to its natural beauty, Fairview features local amenities that cater to residents and visitors alike, including local shops, restaurants, and community events that foster a strong sense of community. The Fairview Museum of History and Art is a must-visit for those interested in the area's cultural heritage. Overall, Fairview, UT, is an ideal destination for those seeking tranquility and a taste of rural living combined with a supportive community atmosphere.

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