Home prices
The value of the median home in Fayette is $86,100. Compared to its surrounding areas this is approximately $4,460 (5%) higher.In comparison to the rest of the country it is approximately $131,400 (60%) lower, and in comparison to the city of Cedar Rapids it is approximately $55,700 (39%) lower.
Rents
The median monthly rent in Fayette is $651. In comparison to nearby areas it is about $144 (28%) higher.In comparison to the rest of the country it is about $411 (38%) lower, and in comparison to the city of Cedar Rapids it is roughly $116 (15%) lower.
Nearby places
Maynard
Maynard is about 5 miles southwest from Fayette. Its real estate prices are fairly similar. Maynard's median home cost is $82,200, which comes out to $3,900 (4%) lower than Fayette. Rents there are substantially less expensive. The median rent in Maynard is $483 per month, which works out to $168 (34%) lower than Fayette.
Wadena
Wadena is about 6 miles east of Fayette. The real estate prices there are somewhat less expensive. Wadena's median home price is $73,300, which is $12,800 (17%) lower than Fayette. The rent there is a lot less expensive. In Wadena the median monthly rent is $444, which comes out to $207 (46%) lower than Fayette.
West Union
West Union is about 7 miles north from Fayette. Housing prices there are a bit more expensive. West Union's median home value is $100,400, which is $14,300 (14%) higher than Fayette. Rents there are a little less expensive. In West Union the median rent is $538 a month, which works out to $113 (21%) lower than Fayette.
Arlington
Arlington is roughly 8 miles southeast from Fayette. The housing prices there are a little less expensive. The median home in Arlington costs $81,100, which is $5,000 (6%) lower than Fayette. Its rents are a lot less expensive. In Arlington the median monthly rent is $419, which works out to $232 (55%) lower than Fayette.
Hawkeye
Hawkeye is about 8 miles northwest of Fayette. Its real estate prices are somewhat less expensive. The value of the median home in Hawkeye is $71,200, which works out to $14,900 (20%) lower than Fayette. Rents there are similar. In Hawkeye the median monthly rent is $653, which is very similar to Fayette.
