Fairburn, GA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fairburn Neighborhoods Since 2000




Fairburn, GA 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

Fairburn Housing Market Information

With 13,967 people, 4,974 houses or apartments, and a median cost of homes of $147,551, 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 64.41% of the city's housing units. Other types of housing that are prevalent in Fairburn include large apartment complexes or high rise apartments ( 24.88%), row houses and other attached homes ( 5.81%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.49%).

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 53.93% owning and 46.07% renting.

Fairburn homes and real estate are some of the newest in America. 44.15% 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 ( 39.54%), and between 1940-1969 ( 14.28%). There's also some housing in Fairburn built before 1939 ( 2.03%).

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 -1.67%, 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 9.09%, which is higher than appreciation rates in 91.02% 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 1.10%, which equates to an annual appreciation rate of 4.47%.

Relative to Georgia, our data show that Fairburn's latest annual appreciation rate is higher than 90% of the other cities and towns in Georgia.

Average Home Values

 

Median Home Value:
$147,551

Fairburn, GA HOME PRICES

Value Range
> $1,234,000 0.5
$926,001 - $1,234,000 0.1
$617,001 - $926,000 0.1
$494,001 - $617,000 1.3
$370,001 - $494,000 3.1
$247,001 - $370,000 6.8
$123,001 - $247,000 49.2
$61,001 - $123,000 29.2
$0 - $61,000 9.7

High for GA
Average for Nation

Value Relative to Nation Value Relative to State
51.078167115903 33.1923890063425

Number Of Homes And Apartments:
4,974

Fairburn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
GA*
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
11.02% 0.61% 3 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,127 / per month

Homeownership Rate

Homeownership
Owners 53.93
Renters 46.07
Vacant 6.52

Housing Market Details

 

Age of Homes

AGE OF Fairburn HOMES
2000 or Newer 44.1
1970 - 1999 39.5
1940 - 1969 14.3
1939 or Older 2.0

Types of Homes

TYPE OF Fairburn HOMES
Single-Family 64.4
Townhomes 5.8
Small Apt. Buildings 4.5
Apt. Complexes 24.9
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Fairburn HOMES
No Bedroom 1.56
1 Bedroom 8.34
2 Bedrooms 25.43
3 Bedrooms 38.34
4 Bedrooms 19.47
5 or more bedrooms 6.86

Popular Neighborhoods in Fairburn

Zip Codes in Fairburn, GA