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503 S 3rd St, Fairfield, IA, 52556

2beds
1baths
876sqft
$89,000
$102price/sqft
$766/moest. monthly cost
$30,640/yrincome needed

About This Home

Nice 2-bedroom / 1 bath Bungalow with hardwood floors & a covered front porch. The living room & dining open seamlessly together providing many opportunities for your living layout. Efficient kitchen with stove & refrigerator, plenty of cabinets & an adjacent room that could function as your pantry area, mudroom, or both. Two hallway bedrooms with closets & a full bath in between. There is a walk-up attic as well as basement area & a patio for outdoor relaxation. Detached shared garage & an easy-to-maintain lawn area. Whether you are seeking to be a homeowner or an investor, this is one to put on your list to walk through.

Getting Around

75
WalkingVery Walkable
0
TransitVery Limited Transit
61
BikeBikeable

Schools

--
6/10
Fairfield Middle SchoolGrades 5-80.6 mi
3/10
Fairfield High SchoolGrades 9-120.7 mi

Construction

Condition

  • Year built: 1925

Materials

  • Roof: Shingle,Pitched
  • Construction materials: Frame,Stucco

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Range,Refrigerator

Basement

  • Has basement: Yes
  • Basement: Full

Bedroom2

  • Level: Main

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: Main

Features

  • Flooring: Hardwood
  • Finished area below ground: 0
  • Finished area above ground: 876

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total interior livable area: 876 sqft

Kitchen

  • Level: Main

Living Room

  • Level: Main

Other

  • Level: Main

Other

  • Level: Main

Other

  • Level: Main

Other

  • Level: Main

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 0636105005
  • Foundation area: 876

Lot

  • Lot size: 3,049 sqft
  • Lot size dimensions: 48' x 66'

Parking

  • Total spaces: 1
  • Parking features: Gravel
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Lightning
    LightningRelatively High
  • Hail
    HailModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Lightning
Hail
Strong Wind
Tornado
Winter Weather

FEMA Declared Disasters Across Iowa Counties

Flood
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $450$5,400
Home Insurance *$84$1,008
Property Taxes $111$1,332
Electricity $121$1,452
Total$766$9,192
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$26,262/yr
40% on housing$22,980/yr
45% on housing$20,426/yr

Iowa FAIR Plan Programs

Iowa FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 1,021Commercial: 22
Total Premiums$1.14M
Total Exposure$85.68M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.3%
10.3%
0%30.0%
Electricity Growth Rate10-year average: 1.9%
1.9%
0%15.0%
Property Taxes Growth Rate2-year average: -6.5%
-6.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$102This listing

vs Other Active Listings

Avg $/sqft

ZIP 52556$117
Jefferson County$117

vs Homes Sold Last Month

Median $/sqft

ZIP 52556$120
Jefferson County$85

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-02-12Listed for sale$98,000

For Sale by Agent

AgentTammy Dunbar
BrokerageFairfield Real Estate

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