Fairbank

Population: 1,509
Median household income: $100,172
Median home value: $173,200

Fairbank, a community in Buchanan County, Iowa, has 1,509 residents. The median household income of $100,172 is above the Buchanan County median ($78,430).

From 2019 to 2023, Fairbank's population grew 20.8% from 1,249 to 1,509, while its median home value rose 23.8% from $139,900 to $173,200.

2.5% of residents live below the poverty line. Households average 2.73 people.

Demographics

ACS 2019–2023

Population: 1,509
Median age: 41.2 yrs
Median household income: $100,172
Median home value: $173,200
Median gross rent: $630
Housing units: 569
Homeownership rate: 86.1%
Bachelor's degree or higher: 19.9%
Unemployment rate: 2.6%

Trends

ACS 5-year · 2019–2023

Population

1,2491,509

Median household income

$66,250$100,172

Median home value

$139,900$173,200

Median gross rent

$700$630

Year	Population	Median household income	Median home value	Median gross rent
2019	1,249	$66,250	$139,900	$700
2020	1,406	$72,500	$138,800	$571
2021	1,534	$85,714	$145,300	$580
2022	1,490	$95,200	$162,300	$675
2023	1,509	$100,172	$173,200	$630

Each year is a US Census Bureau ACS 5-year estimate ending that year.

Age distribution

Under 57.8%

5 to 1721.7%

18 to 243.0%

25 to 349.4%

35 to 4413.5%

45 to 5414.2%

55 to 6415.8%

65 to 748.9%

75 and over5.7%

	Count	Share
Under 5	118	7.8%
5 to 17	327	21.7%
18 to 24	46	3.0%
25 to 34	142	9.4%
35 to 44	203	13.5%
45 to 54	214	14.2%
55 to 64	238	15.8%
65 to 74	135	8.9%
75 and over	86	5.7%

Race & ethnicity

	Count	Share
White (non-Hispanic)	1,377	91.3%
Black or African American	6	0.4%
American Indian & Alaska Native	2	0.1%
Asian	0	0.0%
Native Hawaiian & Pacific Islander	7	0.5%
Some other race	0	0.0%
Two or more races	117	7.8%
Hispanic or Latino (any race)	0	0.0%

Educational attainment (age 25+)

No high school diploma6.1%

High school graduate37.8%

Some college or associate's36.1%

Bachelor's degree15.1%

Graduate or professional degree4.8%

	Count	Share
No high school diploma	62	6.1%
High school graduate	385	37.8%
Some college or associate's	368	36.1%
Bachelor's degree	154	15.1%
Graduate or professional degree	49	4.8%

Commute to work

Mean travel time to work: 22 min

Drove alone83.6%

Carpooled1.7%

Public transit0.0%

Walked0.1%

Bicycle0.0%

Worked from home11.8%

Other means2.8%

How workers get to work

	Count	Share
Drove alone	625	83.6%
Carpooled	13	1.7%
Public transit	0	0.0%
Walked	1	0.1%
Bicycle	0	0.0%
Worked from home	88	11.8%
Other means	21	2.8%

Travel time

	Count	Share
Under 15 min	262	39.7%
15 to 29 min	121	18.3%
30 to 44 min	237	35.9%
45 to 59 min	26	3.9%
60+ min	14	2.1%

Households

Average household size: 2.73
Poverty rate: 2.5% (37 of 1,500)

	Count	Share
Family households	422	76.4%
Nonfamily households	130	23.6%

Housing

Median year structure built: 1971

Occupancy

	Count	Share
Occupied	552	97.0%
Vacant	17	3.0%

Tenure (of occupied units)

	Count	Share
Owner-occupied	475	86.1%
Renter-occupied	77	13.9%

1-unit, detached85.2%

1-unit, attached0.5%

2 to 4 units4.2%

5 to 19 units6.7%

20 or more units0.0%

Mobile home & other3.3%

Units in structure

	Count	Share
1-unit, detached	485	85.2%
1-unit, attached	3	0.5%
2 to 4 units	24	4.2%
5 to 19 units	38	6.7%
20 or more units	0	0.0%
Mobile home & other	19	3.3%

Geography

Place GEOID: 1926355
Type (LSAD): 25
Land area: 0.74 sq mi
Water area: 0.02 sq mi
Center point: 42.6401, -92.0478