Fairfax, Muncie, IN
Fairfax — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Fairfax, Muncie, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
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Fairfax Neighborhood Overview
Fairfax is a residential neighborhood located in the northeastern part of Muncie, Indiana. It offers residents a quiet, community-oriented atmosphere within the city's 47302 ZIP code. The area is characterized by its affordable living and convenient access to local amenities.
Lifestyle & Amenities
Residents enjoy a relaxed suburban lifestyle with easy access to daily necessities. The neighborhood is primarily residential, with nearby shopping and dining options available along McGalliard Road. Its location provides a balance of quiet streets and proximity to Muncie's commercial corridors.
Real Estate Market
The Fairfax real estate market is notably affordable, with a median home value of $67,000. Homes sell relatively quickly, averaging just 25 days on the market, and a majority of residents are homeowners with a 62% homeownership rate. The median monthly rent in the area is $835.
Schools & Education
Families in Fairfax are served by the Muncie Community Schools district. The neighborhood's location places it near several educational facilities, providing convenient options for students. The median household income in the area is $44,362.
Transportation & Connectivity
Fairfax is well-connected by major roads, including McGalliard Road and Wheeling Avenue, facilitating easy travel across Muncie. The neighborhood's layout is conducive to both driving and local walks. Its northeastern location offers straightforward access to State Road 67 for regional travel.
Why Choose Fairfax
Fairfax is an ideal choice for homebuyers and renters seeking an affordable, stable community in Muncie. Its combination of low home prices, high homeownership rate, and convenient location provides significant value. The neighborhood represents a practical and accessible entry point to homeownership in the city.
Fairfax Market Data
| Metric | Value |
|---|---|
| Median Home Price | $67K |
| Median Gross Rent | $835/mo |
| Median Household Income | $44K |
| Homeownership Rate | 61.9% |
| Renter-Occupied | 38.1% |
| Rental Vacancy Rate | 3.2% |
| Market Type | Seller's |
| Market Tier | Affordable |
| Primary ZIP Code | 47302 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 200,703 |
| VA Loan Originations | 9,853 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $255K |
| Conventional Loan Originations | 166,323 |
| FHA Loan Originations | 24,527 |
Top Real Estate Agents in Fairfax, Muncie
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Fairfax, Muncie, IN. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Indiana Real Estate Commission (IREC) — 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