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 about Scout's Real Estate Data
With a population of 16,324, 7,026 total housing units (homes and apartments), and a median house value of $220,600, 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 72.52% of the city's housing units. Other types of housing that are prevalent in Fairview Heights include large apartment complexes or high rise apartments ( 17.25%), duplexes, homes converted to apartments or other small apartment buildings ( 6.50%), and a few mobile homes or trailers ( 2.11%).
The most prevalent building size and type in Fairview Heights are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.46% owning and 36.54% renting.
There is a lot of housing in Fairview Heights built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Fairview Heights built between 1940-1969 ( 34.17%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.17%). There's also some housing in Fairview Heights built before 1939 ( 4.10%).
Vacant housing appears to be an issue in Fairview Heights. Fully 12.69% 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 4.57%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Fairview Heights's appreciation rate, at 6.65%, has been at or slightly above the national average. In the latest quarter, Fairview Heights's appreciation rate has been -0.41%, which annualizes to a rate of -1.64%.
Relative to Illinois, our data show that Fairview Heights's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.
$220,600
for Illinois
for nation
7,026
$1,690 / per month