Fairfield, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fairfield Neighborhoods Since 2000




Fairfield, IA 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

Fairfield Housing Market Information

With 9,892 people, 3,961 houses or apartments, and a median cost of homes of $97,209, house prices in Fairfield are solidly below the national average.

Single-family detached homes are the single most common housing type in Fairfield, accounting for 61.94% of the city's housing units. Other types of housing that are prevalent in Fairfield include duplexes, homes converted to apartments or other small apartment buildings ( 16.51%), large apartment complexes or high rise apartments ( 10.24%), and a few mobile homes or trailers ( 9.86%).

People in Fairfield primarily live in small (one, two or no bedroom) single-family detached homes. Fairfield has a mixture of owner-occupied and renter-occupied housing.

The housing in Fairfield was primarily built before 1939 ( 34.40%), making the housing stock in Fairfield some of the oldest overall in America, although there is a range of ages of homes in Fairfield. The next most important housing age is between 1970-1999 ( 29.31%), followed by between 1940-1969 ( 26.68%). There's also some housing in Fairfield built between 2000 and later ( 9.61%).

Fairfield Home Appreciation Rates

In the last 10 years, Fairfield has experienced some of the highest home appreciation rates of any community in the nation. Fairfield real estate appreciated 24.52% over the last ten years, which is an average annual home appreciation rate of 2.22%, putting Fairfield in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fairfield definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Fairfield appreciation rates have trailed the rest of the nation. In the last twelve months, Fairfield's appreciation rate has been 0.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fairfield were at 0.99%, which equates to an annual appreciation rate of 4.00%.

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

Average Home Values

 

Median Home Value:
$97,209

Fairfield, IA HOME PRICES

Value Range
> $1,091,000 0.4
$819,001 - $1,091,000 0.0
$545,001 - $819,000 1.6
$436,001 - $545,000 0.8
$327,001 - $436,000 5.1
$218,001 - $327,000 5.7
$109,001 - $218,000 37.2
$55,001 - $109,000 37.3
$0 - $55,000 12.0

Low for IA
Low for Nation

Value Relative to Nation Value Relative to State
79.3331770772296 78.0246913580247

Number Of Homes And Apartments:
3,961

Fairfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
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
33.94% 1.71% 3 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$704 / per month

Homeownership Rate

Homeownership
Owners 49.93
Renters 50.07
Vacant 7.63

Housing Market Details

 

Age of Homes

AGE OF Fairfield HOMES
2000 or Newer 9.6
1970 - 1999 29.3
1940 - 1969 26.7
1939 or Older 34.4

Types of Homes

TYPE OF Fairfield HOMES
Single-Family 61.9
Townhomes 1.4
Small Apt. Buildings 16.5
Apt. Complexes 10.2
Mobile Homes 9.9
Other 0.0

Home Size

SIZE OF Fairfield HOMES
No Bedroom 2.71
1 Bedroom 13.36
2 Bedrooms 39.30
3 Bedrooms 31.04
4 Bedrooms 10.59
5 or more bedrooms 3.01