Fayette is located close to the center of Missouri. Fayette is part of Howard County. Fayette has 2.22 square miles of land area and 0.04 square miles of water area. As of 2010-2014, the total Fayette population is 2,707, which has shrunk 3.08% since 2000. The population growth rate is much lower than the state average rate of 7.74% and is much lower than the national average rate of 11.61%. Fayette median household income is $33,558 in 2010-2014 and has grown by 23.03% since 2000. The income growth rate is lower than the state average rate of 25.91% and is lower than the national average rate of 27.36%. Fayette median house value is $95,300 in 2010-2014 and has grown by 63.46% since 2000. The house value growth rate is higher than the state average rate of 52.06% and is higher than 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 Fayette is close to the state average in quality. The Fayette area code is 660.