Fairview Heights, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fairview Heights, IL 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

Fairview Heights Housing Market Information

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 Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$115,282

Fairview Heights, IL HOME PRICES

Value Range
> $995,000 0.1
$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

Low for IL
Low for Nation

Value Relative to Nation Value Relative to State
68.0885972108286 60.253164556962

Number Of Homes And Apartments:
7,240

Fairview Heights Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
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
8.84% 0.49% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,221 / per month

Homeownership Rate

Homeownership
Owners 74.42
Renters 25.58
Vacant 11.58

Housing Market Details

 

Age of Homes

AGE OF Fairview Heights HOMES
2000 or Newer 20.7
1970 - 1999 36.2
1940 - 1969 38.9
1939 or Older 4.1

Types of Homes

TYPE OF Fairview Heights HOMES
Single-Family 73.6
Townhomes 3.0
Small Apt. Buildings 5.4
Apt. Complexes 14.6
Mobile Homes 3.4
Other 0.0

Home Size

SIZE OF Fairview Heights HOMES
No Bedroom 1.33
1 Bedroom 7.40
2 Bedrooms 27.67
3 Bedrooms 45.42
4 Bedrooms 16.15
5 or more bedrooms 2.03

Popular Neighborhoods in Fairview Heights

Zip Codes in Fairview Heights, IL