Fair Oaks, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Fair Oaks Neighborhoods Since 2000




Fair Oaks, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Fair Oaks Housing Market Information

With a population of 32,130, 12,751 total housing units (homes and apartments), and a median house value of $502,209, real estate costs in Fair Oaks are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Fair Oaks, accounting for 69.89% of the town's housing units. Other types of housing that are prevalent in Fair Oaks include large apartment complexes or high rise apartments ( 14.21%), duplexes, homes converted to apartments or other small apartment buildings ( 8.74%), and a few row houses and other attached homes ( 6.93%).

The most prevalent building size and type in Fair Oaks are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 63.71% owning and 36.29% renting.

There is a lot of housing in Fair Oaks built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Fair Oaks built between 1940-1969 ( 27.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.41%). There's also some housing in Fair Oaks built before 1939 ( 2.94%).

Fair Oaks Home Appreciation Rates

Fair Oaks's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fair Oaks during the period has been just -0.86%, which is lower than 70% of US communities.

Appreciation rates are so strong in Fair Oaks that despite a nationwide downturn in the housing market, Fair Oaks real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fair Oaks appreciation rates continue to be some of the highest in America, at 8.94%, which is higher than appreciation rates in 90.56% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fair Oaks. Fair Oaks appreciation rates in the latest quarter were at 2.60%, which equates to an annual appreciation rate of 10.82%.

Importantly, this makes Fair Oaks one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to California, our data show that Fair Oaks's latest annual appreciation rate is higher than 70% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Fair Oaks differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fair Oaks - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fair Oaks real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$502,209

Fair Oaks, CA HOME PRICES

Value Range
> $1,333,000 0.8
$1,000,001 - $1,333,000 2.6
$666,001 - $1,000,000 15.5
$533,001 - $666,000 21.4
$400,001 - $533,000 25.8
$266,001 - $400,000 21.0
$133,001 - $266,000 9.5
$67,001 - $133,000 1.1
$0 - $67,000 2.3

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
5.87718270244931 39.8148148148148

Number Of Homes And Apartments:
12,751

Fair Oaks Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
78.31% 3.41% 4 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,396 / per month

Homeownership Rate

Homeownership
Owners 63.71
Renters 36.29
Vacant 6.14

Housing Market Details

 

Age of Homes

AGE OF Fair Oaks HOMES
2000 or Newer 7.4
1970 - 1999 62.5
1940 - 1969 27.1
1939 or Older 2.9

Types of Homes

TYPE OF Fair Oaks HOMES
Single-Family 69.9
Townhomes 6.9
Small Apt. Buildings 8.7
Apt. Complexes 14.2
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Fair Oaks HOMES
No Bedroom 0.64
1 Bedroom 10.49
2 Bedrooms 19.35
3 Bedrooms 37.47
4 Bedrooms 26.09
5 or more bedrooms 5.96