The median home value in Fairbanks, IN 47849 is $140,200. This is higher than the county median home value of $128,200. The national median home value is $338,100. The average price of homes sold in Fairbanks, IN 47849 is $140,200. Fairbanks, IN 47849 real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you're interested in, contact a Fairbanks, IN 47849 real estate agent to arrange a tour today!
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Fairbanks, IN 47849 has a population of approximately 277 and experiences a population change rate of -33.25%. The population density is 10.6 / sq mi.
The median household income for Fairbanks, IN 47849 is $79,063, with 166 households and an average household size of 3.33.
The cost of living index in Fairbanks, IN 47849 is 87.1%.
The median value of a home in Fairbanks, IN 47849 is $140,200 with an appreciation rate of 15.4%. 81.9% of housing in the zip code is owned while 18.1% is rented.
The unemployment rate in Fairbanks, IN 47849 is 3.10%, and recent job growth is at 1.32%. Future job growth is projected at 35.11%.
The sales tax rate in Fairbanks, IN 47849 is 7.00%, while the income tax rate is 3.23%.
School expenditures in Fairbanks, IN 47849 are $13,386, and the school ratio is 14.5:1.
The average high temperature in July is 87.2 degrees, with an average low temperature in January of 20.7 degrees. The average rainfall is approximately 43.9 inches per year, with 11.8 inches of snow per year.
| Metric | City | County |
|---|---|---|
| High School Graduates | 91.12 | 87.43 |
| College Degree - 2 year | 25.44 | 13.16 |
| College Degree - 4 year | 7.99 | 12.63 |
| Graduate Degree | 2.66 | 3.95 |
| Expenditures per Student | $13,386 | $13,386 |
| Students per Teacher | 14.50 | 14.50 |
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Northeast East Elementary School | PK - 05 | 142 | 23.7 | 47855 |
| Northeast North Elementary School | KG - 05 | 258 | 19.9 | 47850 |
| Rural Community Academy | KG - 08 | 151 | 12.6 | 47882 |
| Sullivan Elementary School | PK - 05 | 605 | 20.2 | 47882 |
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| Northeast Middle School | 06 - 08 | 224 | 11.8 | 47879 |
| Sullivan Middle School | 06 - 08 | 336 | 19.8 | 47882 |
| School | Grades | Students | P/T Ratio | ZIP |
|---|---|---|---|---|
| North Central High School | 09 - 12 | 303 | 12.3 | 47850 |
| Sullivan High School | 09 - 12 | 593 | 18.1 | 47882 |