Fair Oaks, IN Profile: Facts & Data

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Fair Oaks, Indiana - Basic Facts

The Fair Oaks CDP(1) had a population of 174 as of July 1, 2023. Fair Oaks ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Fair Oaks is located at latitude 41.075 and longitude -87.2575 in Jasper County. Jasper County is in the Central time zone (GMT -6).

It also has a Functional Status Code of ""

The Fair Oaks Census Designated Place is located within Township of Union, a minor civil division (MCD) of Jasper County.


  1. A Census Designated Place (CDP) is a statistical counterpart to a self-governing (incorporated) place such as a city, town, or village. A CDP is not a legal entity and has no governmental functions.

Jump to... (On This Page!)
  1. Fair Oaks 2023 Demographic Data
  2. Growth Rates for Fair Oaks (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Indiana Research Tools (Easy Tools & Current Data)
  3. Indiana Data Comparison Tool - 2023 Demographics
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Fair Oaks, IN Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 174 (100%)
Population in Households 174 (100.0%)
Population in Families 171 (98.3%)
Population in Group Quarters1 0
Population Density 659
Diversity Index2 37
 
 

INCOME

Median Household Income $77,912
Average Household Income $100,926
% of Income for Mortgage4 0%
Per Capita Income $30,162
Wealth Index5 75
Socioeconomic Status Index6 Moderate (48.2)
 

HOUSING

Total HU (Housing Units) 56 (100%)
Owner Occupied HU 34 (60.7%)
Renter Occupied HU 18 (32.1%)
Vacant Housing Units 4 ( 7.1%)
Median Home Value $257,143
Average Home Value $273,529
Housing Affordability Index3 0
 

HOUSEHOLDS

Total Households 52
Average Household Size 3.35
Family Households 56
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population -1.21% -0.58%
Households -0.58% -0.39%
Families   -0.36%
Median Household Income   4.15%
Per Capita Income   2.93%
Owner Occupied HU   2.78%

Fair Oaks, IN - Peer Comparisons by Rank and Percentile

The table below compares Fair Oaks to the other 973 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 693 29th
Population Density # 560 43rd
Median Household Income # 252 74th
Housing Affordability Index # 163 17th
Per Capita Income # 658 32nd
Diversity Index # 128 87th

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.

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