Fairland, IN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fairland Neighborhoods Since 2000




Fairland, IN 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

Fairland Housing Market Information

With 587 people, 274 houses or apartments, and a median cost of homes of $161,728, Fairland 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 Fairland, accounting for 91.81% of the town's housing units. Other types of housing that are prevalent in Fairland include row houses and other attached homes ( 2.39%), mobile homes or trailers ( 2.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fairland. Owner-occupied housing accounts for 75.18% of Fairland's homes, and 53.24% have either three or four bedrooms, which is average sized relative to America.

The housing in Fairland was primarily built before 1939 ( 35.49%), making the housing stock in Fairland some of the oldest overall in America, although there is a range of ages of homes in Fairland. The next most important housing age is between 1940-1969 ( 32.08%), followed by between 1970-1999 ( 28.33%). There's also some housing in Fairland built between 2000 and later ( 4.10%).

Fairland Home Appreciation Rates

Appreciation rates for homes in Fairland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 3.95%, which ranks in the top 50% nationwide. This equates to an annual average Fairland house appreciation rate of 0.39%.

Over the last year, Fairland appreciation rates have trailed the rest of the nation. In the last twelve months, Fairland's appreciation rate has been 0.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fairland were at -0.60%, which equates to an annual appreciation rate of -2.40%.

Notably, Fairland's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Indiana, our data show that Fairland's latest annual appreciation rate is lower than 80% of the other cities and towns in Indiana.

Average Home Values

 

Median Home Value:
$161,728

Fairland, IN HOME PRICES

Value Range
> $1,084,000 0.8
$813,001 - $1,084,000 0.5
$542,001 - $813,000 0.0
$434,001 - $542,000 2.9
$325,001 - $434,000 9.0
$217,001 - $325,000 16.9
$108,001 - $217,000 47.7
$54,001 - $108,000 18.2
$0 - $54,000 3.9

High for IN
Average for Nation

Value Relative to Nation Value Relative to State
44.9255830305871 20.3619909502262

Number Of Homes And Apartments:
274

Fairland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
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
16.57% 0.89% 4 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$984 / per month

Homeownership Rate

Homeownership
Owners 75.18
Renters 24.82
Vacant 6.48

Housing Market Details

 

Age of Homes

AGE OF Fairland HOMES
2000 or Newer 4.1
1970 - 1999 28.3
1940 - 1969 32.1
1939 or Older 35.5

Types of Homes

TYPE OF Fairland HOMES
Single-Family 91.8
Townhomes 2.4
Small Apt. Buildings 2.0
Apt. Complexes 1.7
Mobile Homes 2.0
Other 0.0

Home Size

SIZE OF Fairland HOMES
No Bedroom 0.00
1 Bedroom 7.17
2 Bedrooms 38.23
3 Bedrooms 45.39
4 Bedrooms 7.85
5 or more bedrooms 1.37