Fair Haven, NY Profile: Facts & Data

The Village of Fair Haven had a population of 741 as of July 1, 2024. Fair Haven ranks in the lower quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in New York. See peer rankings below.

The primary coordinate point for Fair Haven is located at latitude 43.3165 and longitude -76.7022 in Cayuga County. The formal boundaries for the Village of Fair Haven encompass a land area of 1.75 sq. miles and a water area of 1.17 sq. miles. Cayuga County is in the Eastern time zone (GMT -5).

The Village of Fair Haven has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Fair Haven, NY Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	741 (100%)
Population in Households	741 (100.0%)
Population in Families	549 (74.1%)
Population in Group Quarters¹	0
Population Density	421
Diversity Index²	15


INCOME
Median Household Income	$67,126
Average Household Income	$98,081
% of Income for Mortgage⁴	24%
Per Capita Income	$49,636
Wealth Index⁵	101
Socioeconomic Status Index⁶	Moderate (60.5)

HOUSING
Total HU (Housing Units)	690 (100%)
Owner Occupied HU	310 (44.9%)
Renter Occupied HU	65 ( 9.4%)
Vacant Housing Units	315 (45.7%)
Median Home Value	$255,000
Average Home Value	$341,532
Housing Affordability Index³	89

HOUSEHOLDS
Total Households	375
Average Household Size	1.98
Family Households	222
Average Family Size	2.00

NOTES

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.
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.
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.
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).
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.
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.

Fair Haven, NY - Peer Comparisons by Rank and Percentile

The table below compares Fair Haven to the other 1,292 incorporated cities, towns and CDPs in New York by rank and percentile using July 1, 2024 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.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	-0.59%	-0.77%
Households	-0.98%	-0.21%
Families		0.00%
Median Household Income		2.59%
Per Capita Income		3.90%
Owner Occupied HU		-0.32%

Variable Description	Rank	Percentile
Total Population	# 936	28th
Population Density	# 1027	21st
Median Household Income	# 867	33rd
Housing Affordability Index	# 606	47th
Per Capita Income	# 494	62nd
Diversity Index	# 1162	10th

Fair Haven, NY Profile: Facts & Data

Fair Haven, New York - Basic Facts

Fair Haven, NY Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Fair Haven, NY - Peer Comparisons by Rank and Percentile

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