Fairfax, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Fairfax Neighborhoods Since 2000




Fairfax, 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

Fairfax Housing Market Information

With a population of 7,626, 3,440 total housing units (homes and apartments), and a median house value of $966,147, Fairfax house prices are not only among the most expensive in California, Fairfax real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Fairfax, accounting for 69.39% of the town's housing units. Other types of housing that are prevalent in Fairfax include large apartment complexes or high rise apartments ( 12.48%), duplexes, homes converted to apartments or other small apartment buildings ( 9.13%), and a few row houses and other attached homes ( 6.47%).

People in Fairfax primarily live in small (one, two or no bedroom) single-family detached homes. Fairfax has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Fairfax's housing was primarily built during this period, from the '40s through the '60s. A full 40.47% of the town's housing hails from this era. Other housing ages represented in Fairfax include homes built between 1970-1999 ( 29.19%) and housing constructed before 1939 ( 24.84%). There's also some housing in Fairfax built between 2000 and later ( 5.49%).

Fairfax Home Appreciation Rates

In the last 10 years, Fairfax has experienced some of the highest home appreciation rates of any community in the nation. Fairfax real estate appreciated 18.55% over the last ten years, which is an average annual home appreciation rate of 1.72%, putting Fairfax in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fairfax definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Fairfax that despite a nationwide downturn in the housing market, Fairfax real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fairfax appreciation rates continue to be some of the highest in America, at 6.69%, which is higher than appreciation rates in 79.22% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fairfax. Fairfax appreciation rates in the latest quarter were at 2.03%, which equates to an annual appreciation rate of 8.39%.

Importantly, this makes Fairfax 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 Fairfax's latest annual appreciation rate is lower than 70% of the other cities and towns in California.

Average Home Values

 

Median Home Value:
$966,147

Fairfax, CA HOME PRICES

Value Range
> $1,308,000 14.1
$981,001 - $1,308,000 29.8
$654,001 - $981,000 42.1
$523,001 - $654,000 6.5
$393,001 - $523,000 1.5
$261,001 - $393,000 2.8
$131,001 - $261,000 2.4
$65,001 - $131,000 0.3
$0 - $65,000 0.4

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.15434196648307 12.3015873015873

Number Of Homes And Apartments:
3,440

Fairfax 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
88.56% 3.75% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$4,202 / per month

Homeownership Rate

Homeownership
Owners 63.92
Renters 36.08
Vacant 6.50

Housing Market Details

 

Age of Homes

AGE OF Fairfax HOMES
2000 or Newer 5.5
1970 - 1999 29.2
1940 - 1969 40.5
1939 or Older 24.8

Types of Homes

TYPE OF Fairfax HOMES
Single-Family 69.4
Townhomes 6.5
Small Apt. Buildings 9.1
Apt. Complexes 12.5
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Fairfax HOMES
No Bedroom 4.35
1 Bedroom 12.45
2 Bedrooms 32.92
3 Bedrooms 42.73
4 Bedrooms 5.65
5 or more bedrooms 1.90

Popular Neighborhoods in Fairfax

Zip Codes in Fairfax, CA