Fairfield, California Housing Market

What stands out in Fairfield?

• 3.3% of homes are vacant: among the lowest vacancy of 765 tracked cities. Empty homes are scarce, so well-priced rentals fill.

What moves the numbers in Fairfield?

Fairfield asking prices per square foot were above the year before in 68% of months since the data starts. Within a year, the cheapest and priciest months differ by about 5.1%. That is bigger than the yearly trend, so timing your purchase matters here. Nothing in Fairfield's numbers is far from its own normal. Your return comes from the property and the price you negotiate.

When do Fairfield prices dip?

Across 9 full years, Fairfield asking prices ran lowest in February, about 3.0% below the year's average. They peaked in July. The most homes for sale show up in September, about 19% above the yearly average. Shop in September for choice, and expect the softest asking prices in February.

Is now a good time to buy in Fairfield?

The median asking price is 17.1% below its Jun 2023 peak. Per square foot the gap is smaller: 6.8% below the Feb 2025 high. Part of the drop is smaller homes coming to market. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller. Fairfield prices rose in only 76 of the last 111 months. This market goes up and down. Timing matters here. Growth will not rescue a bad price.

This market is turning. Which way is not settled yet. Check the monthly numbers above before you commit.

Who will rent from you in Fairfield?

In Fairfield, 36 out of every 100 households rent. Most own their home. The renter share is shrinking. Five years ago it was 38 in 100. Renter households here average 3.0 people. Families rent here. Buy bedrooms. Studios will sit.

Households grew 6% in five years. The housing stock grew 5%. The two are moving in step. Just 3.3% of homes sit empty. A well-priced rental fills fast here.

The median Fairfield household earns $106,290 a year. Incomes here have grown 3.9% a year since 2019. Incomes are rising faster than home prices. Affordability is improving. A typical home costs 5.4 times the median income. That is the national middle. Neither cash flow nor appreciation is free here. At 30% of income, a tenant on the median income can pay about $2,657 a month.

To see what one Fairfield address would rent for and cash flow, run it through the app.

How does Fairfield compare with other California markets?

Ranked among the 141 California markets we track:

• Asking price: 37th cheapest of 141. Fairfield is at $577,019. Closest: Richmond and Menifee.
• Buyer competition: 67th most competitive of 138. Fairfield is at 0.42 buyers per home. Closest: Camarillo and Lancaster.
• Time on market: 47th longest time on market of 141. Fairfield is at a median of 54 days on market. Closest: Lancaster and Huntington Beach.
• Price cuts: 32nd most price cuts of 141. Fairfield is at 23% of sellers cutting. Closest: Orange and Redondo Beach.

What numbers should you underwrite a Fairfield deal with?

• Price growth to assume — +0.5%/yr. Fairfield grew 4.2% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Fairfield prices are flat. Assume no growth. Prices fell 0.8% over the last year. Use it for timing. The five-year rate is the better guide.
• Competition when you exit — -6%. Homes for sale in Fairfield are down 6% on last year, so your resale faces less competition than today's comps did.

Read how rent-to-price works and how we read these numbers, then run the numbers on a deal.

What is the median home price in Fairfield?

The median asking price in Fairfield is about $577,000 as of Sep 2026, down 4.1% from a year ago. This is the asking price on homes listed for sale. Sites that report sold prices or estimated home values will show a different number. Our Fairfield figures cover the 2 ZIP codes with a Fairfield mailing address, which can reach past city limits.

Is Fairfield a buyer's or seller's market in 2026?

Neither side has the upper hand in Fairfield right now. We compare Fairfield with 2017–2019 at this time of year: the typical listing has been up 42% more days; there are 42 pending sales per 100 listings, against 44 then; 23% of sellers have cut their price, against 22% then.

Are Fairfield home prices going up or down?

The median asking price is 17.1% below its Jun 2023 peak. Per square foot the gap is smaller: 6.8% below the Feb 2025 high. Part of the drop is smaller homes coming to market. Prices stopped falling about a year ago. They are flat now. Waiting will not get you a cheaper house. It might still get you a more motivated seller.

What price growth should I assume for Fairfield?

Assume +0.5% a year. Fairfield grew 4.2% a year over the decade. Ignore that rate. Most of it landed in the 2020 and 2021 boom. Without the boom, Fairfield prices are flat. Assume no growth. Prices fell 0.8% over the last year. Use it for timing. The five-year rate is the better guide.

What is the fair market rent in Fairfield?

HUD's fiscal year 2026 fair market rent for Solano County is $2,178 a month for 2 bedrooms and $2,911 for 3 bedrooms. The figures include tenant-paid utilities and cover the whole county.