Fredonia, KS
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fredonia Neighborhoods Since 2000




Fredonia, KS Real Estate Data


Fredonia Housing Market Information

With a population of 2,326, 1,003 total housing units (homes and apartments), and a median house value of $65,979, house prices in Fredonia are some of the most affordable in Kansas as well as the nation.

Single-family detached homes are the single most common housing type in Fredonia, accounting for 89.59% of the city's housing units. Other types of housing that are prevalent in Fredonia include duplexes, homes converted to apartments or other small apartment buildings ( 4.32%), mobile homes or trailers ( 3.52%), and a few large apartment complexes or high rise apartments ( 2.24%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fredonia. Owner-occupied housing accounts for 68.22% of Fredonia's homes, and 52.52% have either three or four bedrooms, which is average sized relative to America.

The housing in Fredonia was primarily built before 1939 ( 49.48%), making the housing stock in Fredonia some of the oldest overall in America, although there is a range of ages of homes in Fredonia. The next most important housing age is between 1940-1969 ( 27.30%), followed by between 1970-1999 ( 21.54%). There's also some housing in Fredonia built between 2000 and later ( 1.68%).

Vacant housing appears to be an issue in Fredonia. Fully 19.70% of the housing stock is classified as vacant. Left unchecked, vacant Fredonia homes and apartments can be a drag on the real estate market, holding Fredonia 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.

Fredonia Home Appreciation Rates

In the last 10 years, Fredonia has experienced some of the highest home appreciation rates of any community in the nation. Fredonia real estate appreciated 18.40% over the last ten years, which is an average annual home appreciation rate of 1.70%, putting Fredonia in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fredonia 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, Fredonia appreciation rates have trailed the rest of the nation. In the last twelve months, Fredonia's appreciation rate has been 2.76%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fredonia were at 0.49%, which equates to an annual appreciation rate of 1.99%.

Relative to Kansas, our data show that Fredonia's latest annual appreciation rate is lower than 60% of the other cities and towns in Kansas.

Average Home Values

 

Median Home Value:
$65,979

Fredonia, KS HOME PRICES

Value Range
> $1,088,000 0.0
$816,001 - $1,088,000 0.0
$544,001 - $816,000 0.0
$435,001 - $544,000 0.4
$326,001 - $435,000 0.7
$218,001 - $326,000 2.3
$108,001 - $218,000 15.2
$54,001 - $108,000 43.2
$0 - $54,000 38.2

Very Low for KS
Very Low for Nation

Value Relative to Nation Value Relative to State
96.4549396460799 89.0070921985816

Number Of Homes And Apartments:
1,003

Rent & Ownership

 

Average Market Rent:
$776 / per month

Homeownership Rate

Homeownership
Owners 68.22
Renters 31.78
Vacant 19.70

Housing Market Details

 

Age of Homes

AGE OF Fredonia HOMES
2000 or Newer 1.7
1970 - 1999 21.5
1940 - 1969 27.3
1939 or Older 49.5

Types of Homes

TYPE OF Fredonia HOMES
Single-Family 89.6
Townhomes 0.3
Small Apt. Buildings 4.3
Apt. Complexes 2.2
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Fredonia HOMES
No Bedroom 2.00
1 Bedroom 7.77
2 Bedrooms 35.79
3 Bedrooms 35.63
4 Bedrooms 16.89
5 or more bedrooms 1.92

Fredonia Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KS*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
48.22% 2.31% 6 6
* 10 is highest

Popular Neighborhoods in Fredonia

Popular Communities Near Fredonia, KS

Zip Codes in Fredonia, KS