The city of Fairfield got its name from founder, Captain Robert H. Waterman, who named it after his hometown of Fairfield, Connecticut. Fairfield, California, is a mid-sized community in Solano County, lying between San Francisco and Sacramento. Sharing a border with Suisun City and sitting north of the Suisun Bay, Fairfield is home to Travis Air Force Base and the Jelly Belly Factory. The city's 106,000 residents are positioned in the midst of prime commercial real estate since the city is so close to the San Francisco Bay Area.
Fairfield, CA is a great place for affordable rent-to-own homes! With a median household income of over $86,204 and a median rent of $1,734, the Fairfield, CA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Fairfield, CA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
Fairfield, CA is seeing rapid growth and Fairfield, CA's' housing market remains not optimal with an average home price that is 99% above the 2022 national average. Fairfield, CA is part of Solano county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2022 for county Solano is 0.69% which is below the national average, which is 0.99%.
Fairfield, CA has a walk score of
Fairfield, CA has a bike score of
The state tax rate is 1.0 to 12.3% on top of the federal tax rate of 10 to 37%.