Fairplay, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Fairplay Neighborhoods Since 2000




Fairplay, CO 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

Fairplay Housing Market Information

With 681 people, 339 houses or apartments, and a median cost of homes of $333,542, 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 69.29% of the town's housing units. Other types of housing that are prevalent in Fairplay include duplexes, homes converted to apartments or other small apartment buildings ( 11.55%), mobile homes or trailers ( 7.37%), and a few large apartment complexes or high rise apartments ( 7.37%).

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 45.43% owning and 54.57% 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 ( 28.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.27%). There's also some housing in Fairplay built between 1940-1969 ( 10.57%).

Vacant housing appears to be an issue in Fairplay. Fully 16.71% 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 58.33% over the last ten years, which is an average annual home appreciation rate of 4.70%, 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.

Appreciation rates are so strong in Fairplay that despite a nationwide downturn in the housing market, Fairplay real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fairplay appreciation rates continue to be some of the highest in America, at 11.05%, which is higher than appreciation rates in 96.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fairplay. Fairplay appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.59%.

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 80% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$333,542

Fairplay, CO HOME PRICES

Value Range
> $1,384,000 0.0
$1,038,001 - $1,384,000 0.0
$692,001 - $1,038,000 7.7
$553,001 - $692,000 8.4
$415,001 - $553,000 17.1
$277,001 - $415,000 31.5
$139,001 - $277,000 24.3
$69,001 - $139,000 6.1
$0 - $69,000 5.0

High for CO
Very High for Nation

Value Relative to Nation Value Relative to State
13.4126333059885 37.117903930131

Number Of Homes And Apartments:
339

Fairplay Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
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
93.70% 3.91% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,710 / per month

Homeownership Rate

Homeownership
Owners 45.43
Renters 54.57
Vacant 16.71

Housing Market Details

 

Age of Homes

AGE OF Fairplay HOMES
2000 or Newer 13.3
1970 - 1999 47.7
1940 - 1969 10.6
1939 or Older 28.5

Types of Homes

TYPE OF Fairplay HOMES
Single-Family 69.3
Townhomes 4.4
Small Apt. Buildings 11.5
Apt. Complexes 7.4
Mobile Homes 7.4
Other 0.0

Home Size

SIZE OF Fairplay HOMES
No Bedroom 6.14
1 Bedroom 8.60
2 Bedrooms 27.03
3 Bedrooms 41.28
4 Bedrooms 13.27
5 or more bedrooms 3.69

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Zip Codes in Fairplay, CO