Fairfax is located in south Minnesota. Fairfax is between the Renville, Nicollet county. Fairfax has 1.30 square miles of land area and has no water area. As of 2010-2014, the total Fairfax population is 943, which has shrunk 27.18% since 2000. The population growth rate is much lower than the state average rate of 9.44% and is much lower than the national average rate of 11.61%. Fairfax median household income is $42,083 in 2010-2014 and has grown by 24.88% since 2000. The income growth rate is lower than the state average rate of 29.12% and is lower than the national average rate of 27.36%. Fairfax median house value is $72,500 in 2010-2014 and has grown by 45.29% since 2000. The house value growth rate is lower than the state average rate of 51.31% and is about the same as the national average rate of 46.91%. As a reference, the national Consumer Price Index (CPI) inflation rate for the same period is 26.63%. On average, the public school district that covers Fairfax is worse than the state average in quality. The Fairfax area code is 507.