Living in Fairacres, New Mexico
Cost of living, income, home prices, rent and demographics of Fairacres · Census data 2020–2024
Fairacres has 616 residents with a median age of 46.3. The median home value is $279,200.
Fairacres is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Fairacres at a glance
- Population
- 616
- Median age
- 46.3State: 39.4
- Median home value
- $279,200State: $248,100
- Homeowners
- 94.3%
- Bachelor's degree or higher
- 28.3%
- Average commute
- 17 min
Is Fairacres a good place to live?
Pros: An average commute of 17 minutes; a poverty rate of 13.6%.
Cons: Home values 13% higher than the state median; unemployment of 9.2%.
The weather is best in March–April and October–November.
Cost of living in Fairacres
Housing is the biggest part of the cost of living. In Fairacres the median home value is $279,200, 16% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Housing in Fairacres: homes for sale and rent
- Housing units
- 245
- Owner-occupied
- 94.3%
- Renter-occupied
- 5.7%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1998
- Average household size
- 2.51
Fairacres demographics
- Population
- 616
- Median age
- 46.3
- Under 18
- 27.1%
- 65 and older
- 31.5%
- Households
- 245
- Foreign-born
- 8.8%
- Veterans
- 29.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Fairacres ›
Education in Fairacres
28.3% of adults 25 and older in Fairacres have a bachelor's degree or higher (New Mexico: 31%), and 14.3% have a graduate or professional degree.
Jobs and commute in Fairacres
- Unemployment rate
- 9.2%State: 6%
- Average commute
- 17 minState: 24 min
- Work from home
- 4.7%
- Drive alone
- 94.9%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 72.7%
Fairacres vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fairacres | 616 | — | $279,200 | — |
| Picacho Hills | 2,002 | $120,850 | $456,400 | — |
| Mesilla | 1,717 | $74,750 | $301,400 | $994 |
| Las Cruces | 114,197 | $55,422 | $231,700 | $974 |
| San Ysidro | 2,118 | $89,473 | $335,300 | $916 |
| Tortugas | 381 | $31,554 | $83,200 | — |
| University Park | 2,782 | $30,156 | — | $792 |
| San Pablo | 696 | $68,047 | $273,300 | — |
| Doña Ana | 868 | $35,700 | $96,400 | — |
More for people moving to Fairacres
Fairacres ZIP code ›Weather and climate ›Living in Fairacres: FAQ
What is the average home price in Fairacres?
The median home value in Fairacres is $279,200, compared with $248,100 in New Mexico.
Is Fairacres, NM a good place to live?
Pluses: an average commute of 17 minutes; a poverty rate of 13.6%. Minuses: home values 13% higher than the state median; unemployment of 9.2%.
What is the median age in Fairacres?
The median age in Fairacres is 46.3 years (New Mexico: 39.4).
How long is the commute in Fairacres?
The average commute to work in Fairacres is 17 minutes; 4.7% of workers work from home.
What is the unemployment rate in Fairacres?
The unemployment rate in Fairacres is 9.2% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fairacres?
28.3% of adults in Fairacres have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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