Fairlawn, Decatur, IL
Fairlawn — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Fairlawn, Decatur, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Fairlawn Neighborhood Overview
Fairlawn is a residential neighborhood located in the northern part of Decatur, Illinois. Characterized by its quiet streets and established homes, it offers a classic Midwestern suburban feel. The community provides a stable and affordable living environment for its residents.
Lifestyle & Amenities
Residents enjoy a peaceful, family-oriented atmosphere within the neighborhood. While primarily residential, Fairlawn is conveniently located near essential shopping and services along North Water Street and Pershing Road. The area provides easy access to local parks and recreational facilities for outdoor activities.
Real Estate Market
The Fairlawn real estate market is defined by its affordability, with a Census-reported median home value of $119,000. Current market data indicates a price per square foot of approximately $70.83. The neighborhood consists largely of single-family homes from various mid-century eras.
Schools & Education
Families in Fairlawn are served by the Decatur Public Schools district. The neighborhood is in proximity to several elementary and middle schools, with high school students attending schools within the district. Parents have access to the standard public education options available in the city.
Transportation & Connectivity
Fairlawn is well-connected by major arterial roads, including Pershing Road and North Water Street, facilitating easy travel across Decatur. The neighborhood's layout is primarily designed for automobile travel, with most errands requiring a car. Public transportation options are available through the local bus service.
Why Choose Fairlawn
Homebuyers choose Fairlawn for its proven affordability and quiet, established residential character. With a median household income of $62,955, the area offers a cost-effective lifestyle for working families and individuals. It represents a practical and stable entry point into Decatur homeownership.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Fairlawn Market Data
| Metric | Value |
|---|---|
| Median Home Price | $119K |
| Median Gross Rent | $850/mo |
| Median Household Income | $63K |
| Homeownership Rate | 73.4% |
| Renter-Occupied | 26.6% |
| Rental Vacancy Rate | 10.9% |
| Market Type | Buyer's |
| Market Tier | Affordable |
| Primary ZIP Code | 62521 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Fairlawn, Decatur
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Fairlawn, Decatur, IL. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15