Fairburn, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fairburn Neighborhoods Since 2000




Fairburn, GA Real Estate Data


Fairburn Housing Market Information

With 13,967 people, 4,706 houses or apartments, and a median cost of homes of $151,296, Fairburn real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Fairburn, accounting for 69.31% of the city's housing units. Other types of housing that are prevalent in Fairburn include large apartment complexes or high rise apartments ( 20.46%), duplexes, homes converted to apartments or other small apartment buildings ( 5.45%), and a few row houses and other attached homes ( 4.23%).

The most prevalent building size and type in Fairburn are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.08% owning and 40.92% renting.

Fairburn homes and real estate are some of the newest in America. 50.16% of Fairburn's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Fairburn real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 31.85%), and between 1940-1969 ( 14.96%). There's also some housing in Fairburn built before 1939 ( 3.04%).

Vacant housing appears to be an issue in Fairburn. Fully 10.69% of the housing stock is classified as vacant. Left unchecked, vacant Fairburn homes and apartments can be a drag on the real estate market, holding Fairburn 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.

Fairburn Home Appreciation Rates

Fairburn's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fairburn during the period has been just -1.97%, which is lower than 80% of US communities.

Appreciation rates are so strong in Fairburn that despite a nationwide downturn in the housing market, Fairburn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fairburn appreciation rates continue to be some of the highest in America, at 7.60%, which is higher than appreciation rates in 89.16% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fairburn. Fairburn appreciation rates in the latest quarter were at 2.99%, which equates to an annual appreciation rate of 12.51%.

Importantly, this makes Fairburn one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Georgia, our data show that Fairburn's latest annual appreciation rate is higher than 80% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$151,296

Fairburn, GA HOME PRICES

Value Range
> $1,234,000 0.6
$925,001 - $1,234,000 0.0
$617,001 - $925,000 0.6
$493,001 - $617,000 0.6
$370,001 - $493,000 2.8
$247,001 - $370,000 8.8
$123,001 - $247,000 50.7
$62,001 - $123,000 28.9
$0 - $62,000 7.1

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
50.1610353106518 32.9809725158562

Number Of Homes And Apartments:
4,706

Rent & Ownership

 

Average Market Rent:
$1,146 / per month

Homeownership Rate

Homeownership
Owners 59.08
Renters 40.92
Vacant 10.69

Housing Market Details

 

Age of Homes

AGE OF Fairburn HOMES
2000 or Newer 50.2
1970 - 1999 31.8
1940 - 1969 15.0
1939 or Older 3.0

Types of Homes

TYPE OF Fairburn HOMES
Single-Family 69.3
Townhomes 4.2
Small Apt. Buildings 5.4
Apt. Complexes 20.5
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Fairburn HOMES
No Bedroom 1.50
1 Bedroom 9.93
2 Bedrooms 22.62
3 Bedrooms 40.25
4 Bedrooms 19.13
5 or more bedrooms 6.57

Fairburn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
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
6.03% 0.34% 2 1
* 10 is highest

Popular Neighborhoods in Fairburn

Zip Codes in Fairburn, GA