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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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.
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Fairplay HOMES|
|2000 or Newer||13.3|
|1970 - 1999||47.7|
|1940 - 1969||10.6|
|1939 or Older||28.5|
|TYPE OF Fairplay HOMES|
|Small Apt. Buildings||11.5|
|SIZE OF Fairplay HOMES|
|5 or more bedrooms||3.69|