affordable house under 150K Fairfield Iowa
$
110,000
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Fairfield, Iowa
801 S 2nd St
3
Beds
2
Baths
1370
Sq Ft
1910
Built

Historic, Craftsman

1910 Fairfield Craftsman with Cherry Floors and Two Baths — $110,000

6

out of 10

HousesUnder150K Score

Property Merit 50% · Condition 25% · Price/Sq Ft 15% · Market 10%

CategoryWt.ScoreDetail
Property Merit50%71910 Craftsman, hardwood + cherry floors, covered porch, open layout, private upstairs bath
Condition25%6No system dates named; character details suggest cared-for bones, but unknown HVAC/roof
Price / Sq Ft15%7$80 listing vs $95 zip median — 16% below; thin 7-comp dataset, directional only
Price vs. Market5%6$110K vs $183K zip median — ~40% below; active 50-sale market lends credibility
Market Conditions5%6DOM 66, sale-to-list 94.8%, 35.5% price drops — clear buyer's market advantage

The price is the first thing. Fairfield's zip median sits around $183,000, and this house is listed at $110,000. That's a real gap, not a rounding error. At $80 a square foot against a zip median closer to $95, you're getting into a 114-year-old Craftsman for considerably less than what houses around it are actually selling for. In a market with 50 active sales to back it up, that number has some weight.

The house is 1,370 square feet across two levels. Main floor has two bedrooms, a full hallway bath, and a living and dining area that flows into the kitchen without a wall in the way. Upstairs is a third bedroom with cherry floors and its own private bath. That separation matters if you have a teenager, a guest who stays long, or if you just want a room that feels like it's somewhere else in the house. The cherry floors up there are worth mentioning on their own. They're the kind of detail a builder in 1910 would have been proud of and a flipper in 2020 would have covered with vinyl plank.

The main level has hardwood throughout. There's a covered front porch. There's a backyard. The layout sounds clean and practical.

What you don't know is anything about the systems. No HVAC dates, no roof age, no water heater information in this listing. A 1910 house at this price in this condition of presentation could mean a lot of things, and what you'd want before writing a check is a thorough inspection and honest answers about what's been updated and when. Budget for the possibility that some of that work is ahead of you.

But at $110,000, you have room to absorb it. This is a three-bedroom house with two full baths, original hardwood floors, cherry upstairs, a porch, and real Craftsman detail. You could raise a family here, work from home here, or rent it and hold it. The price is low enough that most of those paths stay open.

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