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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Fairhaven, MA Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fairhaven, MA Housing Market Trends

With 15,837 people, 6,985 houses or apartments, and a median cost of homes of $503,889, Fairhaven real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Fairhaven, accounting for 67.96% of the town's housing units. Other types of housing that are prevalent in Fairhaven include duplexes, homes converted to apartments or other small apartment buildings ( 15.68%), large apartment complexes or high rise apartments ( 13.06%), and a few row houses and other attached homes ( 3.14%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fairhaven. Owner-occupied housing accounts for 72.67% of Fairhaven's homes, and 51.78% have either three or four bedrooms, which is average sized relative to America.

The housing in Fairhaven was primarily built before 1939 ( 36.40%), making the housing stock in Fairhaven some of the oldest overall in America, although there is a range of ages of homes in Fairhaven. The next most important housing age is between 1940-1969 ( 35.13%), followed by between 1970-1999 ( 20.80%). There's also some housing in Fairhaven built between 2000 and later ( 7.68%).

Fairhaven Home Appreciation Rates

Appreciation rates for homes in Fairhaven have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 90.41%, which ranks in the top 40% nationwide. This equates to an annual average Fairhaven house appreciation rate of 6.65%.

Appreciation rates are so strong in Fairhaven that despite a nationwide downturn in the housing market, Fairhaven real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fairhaven appreciation rates continue to be some of the highest in America, at 7.71%, which is higher than appreciation rates in 81.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fairhaven. Fairhaven appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.59%.

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

Average Home Values

Median Home Value

$503,889

Fairhaven, MA Home Prices
> $1,284,000
$963,001 - $1,284,000
$642,001 - $963,000
$514,001 - $642,000
$385,001 - $514,000
$257,001 - $385,000
$128,001 - $257,000
$64,001 - $128,000
$0 - $64,000
1.7%
1.7%
4.8%
4.8%
12.8%
12.8%
18.6%
18.6%
34.2%
34.2%
22.2%
22.2%
4.3%
4.3%
0.0%
0.0%
1.3%
1.3%
0% 100.0%
% of Homes
Low

for Massachusetts

Very High

for nation

Number of Homes And Apartments:

6,985

Fairhaven Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,251 / per month

Homeownership Rate

Owners
Renters
72.7%
72.7%
27.3%
27.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.5%
9.5%
90.5%
90.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.7%
7.7%
20.8%
20.8%
35.1%
35.1%
36.4%
36.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.0%
68.0%
3.1%
3.1%
15.7%
15.7%
13.1%
13.1%
0.2%
0.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.6%
0.6%
13.9%
13.9%
31.3%
31.3%
37.0%
37.0%
14.7%
14.7%
2.4%
2.4%
0% 100.0%
% of Homes