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 a population of 16,827, 7,240 total housing units (homes and apartments), and a median house value of $115,282, house prices in Fairview Heights are solidly below the national average.
Single-family detached homes are the single most common housing type in Fairview Heights, accounting for 73.61% of the city's housing units. Other types of housing that are prevalent in Fairview Heights include large apartment complexes or high rise apartments ( 14.56%), duplexes, homes converted to apartments or other small apartment buildings ( 5.39%), and a few mobile homes or trailers ( 3.43%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fairview Heights. Owner-occupied housing accounts for 74.42% of Fairview Heights's homes, and 61.57% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Fairview Heights's housing was primarily built during this period, from the '40s through the '60s. A full 38.92% of the city's housing hails from this era. Other housing ages represented in Fairview Heights include homes built between 1970-1999 ( 36.24%) and housing constructed between 2000 and later ( 20.70%). There's also some housing in Fairview Heights built before 1939 ( 4.14%).
Vacant housing appears to be an issue in Fairview Heights. Fully 11.58% of the housing stock is classified as vacant. Left unchecked, vacant Fairview Heights homes and apartments can be a drag on the real estate market, holding Fairview Heights 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.
Fairview Heights's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fairview Heights during the period has been just -1.66%, which is lower than 80% of US communities.
Over the last year, Fairview Heights appreciation rates have trailed the rest of the nation. In the last twelve months, Fairview Heights's appreciation rate has been -1.23%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fairview Heights were at 1.03%, which equates to an annual appreciation rate of 4.19%.
Relative to Illinois, our data show that Fairview Heights's latest annual appreciation rate is lower than 90% of the other cities and towns in Illinois.
|$746,001 - $995,000||0.3|
|$498,001 - $746,000||0.3|
|$398,001 - $498,000||0.3|
|$299,001 - $398,000||1.3|
|$199,001 - $299,000||12.6|
|$100,001 - $199,000||45.3|
|$50,001 - $100,000||31.8|
|$0 - $50,000||8.0|
|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 Fairview Heights HOMES|
|2000 or Newer||20.7|
|1970 - 1999||36.2|
|1940 - 1969||38.9|
|1939 or Older||4.1|
|TYPE OF Fairview Heights HOMES|
|Small Apt. Buildings||5.4|
|SIZE OF Fairview Heights HOMES|
|5 or more bedrooms||2.03|