Fairplay, CO Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fairplay, CO Housing Market Trends

With a population of 787, 288 total housing units (homes and apartments), and a median house value of $409,543, real estate costs in Fairplay are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Colorado communities.

Single-family detached homes are the single most common housing type in Fairplay, accounting for 74.94% of the town's housing units. Other types of housing that are prevalent in Fairplay include mobile homes or trailers ( 10.49%), large apartment complexes or high rise apartments ( 5.63%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.12%).

The most prevalent building size and type in Fairplay are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 64.58% owning and 35.42% renting.

There is a lot of housing in Fairplay 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 Fairplay built before 1939 ( 31.20%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.53%). There's also some housing in Fairplay built between 1940-1969 ( 8.18%).

Vacant housing appears to be an issue in Fairplay. Fully 26.34% of the housing stock is classified as vacant. Left unchecked, vacant Fairplay homes and apartments can be a drag on the real estate market, holding Fairplay real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Fairplay Home Appreciation Rates

In the last 10 years, Fairplay has experienced some of the highest home appreciation rates of any community in the nation. Fairplay real estate appreciated 122.04% over the last ten years, which is an average annual home appreciation rate of 8.30%, putting Fairplay in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fairplay definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Fairplay's appreciation rate, at 9.59%, has been at or slightly above the national average. In the latest quarter, Fairplay's appreciation rate has been 3.64%, which annualizes to a rate of 15.36%.

Importantly, this makes Fairplay 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 Colorado, our data show that Fairplay's latest annual appreciation rate is higher than 50% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$409,543

Fairplay, CO HOME PRICES

> $1,270,000
0.0%
0.0%
$952,001 - $1,270,000
2.5%
2.5%
$635,001 - $952,000
2.1%
2.1%
$508,001 - $635,000
17.7%
17.7%
$381,001 - $508,000
35.8%
35.8%
$254,001 - $381,000
16.2%
16.2%
$127,001 - $254,000
18.1%
18.1%
$64,001 - $127,000
3.2%
3.2%
$0 - $64,000
4.5%
4.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for CO

Value Relative To Nation

Number Of Homes And Apartments:
288

Fairplay Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
146.90% 4.29%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,822 / per month

Homeownership Rate

Owners
64.6%
64.6%
Renters
35.4%
35.4%
Vacant
26.3%
26.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
12.5%
12.5%
1970 - 1999
48.1%
48.1%
1940 - 1969
8.2%
8.2%
1939 or Older
31.2%
31.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
74.9%
74.9%
Townhomes
3.8%
3.8%
Small Apt. Buildings
5.1%
5.1%
Apt. Complexes
5.6%
5.6%
Mobile Homes
10.5%
10.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
5.6%
5.6%
1 Bedroom
4.3%
4.3%
2 Bedrooms
32.5%
32.5%
3 Bedrooms
31.7%
31.7%
4 Bedrooms
23.3%
23.3%
5 or more bedrooms
2.6%
2.6%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Fairplay

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Zip Codes in Fairplay, CO