Fairfax, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fairfax Neighborhoods Since 2000




Fairfax, CA Real Estate Data


Fairfax Housing Market Information

With a population of 7,626, 3,330 total housing units (homes and apartments), and a median house value of $956,901, 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 67.54% of the town's housing units. Other types of housing that are prevalent in Fairfax include large apartment complexes or high rise apartments ( 14.17%), duplexes, homes converted to apartments or other small apartment buildings ( 8.36%), and a few row houses and other attached homes ( 7.58%).

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 45.43% of the town's housing hails from this era. Other housing ages represented in Fairfax include homes built between 1970-1999 ( 27.45%) and housing constructed before 1939 ( 22.76%). There's also some housing in Fairfax built between 2000 and later ( 4.36%).

Fairfax Home Appreciation Rates

Appreciation rates for homes in Fairfax have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.27%, which ranks in the top 30% nationwide. This equates to an annual average Fairfax house appreciation rate of 1.16%.

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 5.74%, which is higher than appreciation rates in 70.57% 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 1.69%, which equates to an annual appreciation rate of 6.92%.

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:
$956,901

Fairfax, CA HOME PRICES

Value Range
> $1,356,000 10.8
$1,017,001 - $1,356,000 29.8
$678,001 - $1,017,000 45.4
$542,001 - $678,000 7.0
$407,001 - $542,000 1.8
$271,001 - $407,000 2.2
$135,001 - $271,000 2.4
$68,001 - $135,000 0.3
$0 - $68,000 0.4

Very High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
1.29413831469228 13.0779392338177

Number Of Homes And Apartments:
3,330

Rent & Ownership

 

Average Market Rent:
$2,638 / per month

Homeownership Rate

Homeownership
Owners 63.36
Renters 36.64
Vacant 6.91

Housing Market Details

 

Age of Homes

AGE OF Fairfax HOMES
2000 or Newer 4.4
1970 - 1999 27.5
1940 - 1969 45.4
1939 or Older 22.8

Types of Homes

TYPE OF Fairfax HOMES
Single-Family 67.5
Townhomes 7.6
Small Apt. Buildings 8.4
Apt. Complexes 14.2
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Fairfax HOMES
No Bedroom 4.78
1 Bedroom 11.38
2 Bedrooms 34.95
3 Bedrooms 42.24
4 Bedrooms 5.79
5 or more bedrooms 0.87

Fairfax Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
84.54% 3.67% 6 9
* 10 is highest

Popular Neighborhoods in Fairfax

Zip Codes in Fairfax, CA