Fairview, NC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fairview Neighborhoods Since 2000




Fairview, NC 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 Housing Market Information

With 2,828 people, 1,049 houses or apartments, and a median cost of homes of $332,482, Fairview house prices are not only among the most expensive in North Carolina, Fairview real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Fairview, accounting for 71.56% of the town's housing units. Other types of housing that are prevalent in Fairview include duplexes, homes converted to apartments or other small apartment buildings ( 16.29%), mobile homes or trailers ( 12.15%).

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. Owner-occupied housing accounts for 70.64% of Fairview's homes, and 58.31% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Fairview 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 built between 2000 and later ( 22.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 13.59%). There's also some housing in Fairview built before 1939 ( 6.58%).

Vacant housing appears to be an issue in Fairview. Fully 11.48% of the housing stock is classified as vacant. Left unchecked, vacant Fairview homes and apartments can be a drag on the real estate market, holding Fairview 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 Home Appreciation Rates

Appreciation rates for homes in Fairview have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.21%, which ranks in the top 40% nationwide. This equates to an annual average Fairview house appreciation rate of 0.60%.

NeighborhoodScout's data show that during the latest twelve months, Fairview's appreciation rate, at 4.91%, has been at or slightly above the national average. In the latest quarter, Fairview's appreciation rate has been 1.50%, which annualizes to a rate of 6.15%.

Relative to North Carolina, our data show that Fairview's latest annual appreciation rate is higher than 70% of the other cities and towns in North Carolina.

Average Home Values

 

Median Home Value:
$332,482

Fairview, NC HOME PRICES

Value Range
> $1,189,000 1.7
$892,001 - $1,189,000 3.6
$594,001 - $892,000 11.2
$476,001 - $594,000 6.2
$357,001 - $476,000 17.4
$238,001 - $357,000 18.5
$119,001 - $238,000 25.4
$59,001 - $119,000 6.3
$0 - $59,000 9.8

Very High for NC
Very High for Nation

Value Relative to Nation Value Relative to State
13.5298253838041 5.98911070780399

Number Of Homes And Apartments:
1,049

Fairview Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NC*
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
59.62% 2.75% 10 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,321 / per month

Homeownership Rate

Homeownership
Owners 70.64
Renters 29.36
Vacant 11.48

Housing Market Details

 

Age of Homes

AGE OF Fairview HOMES
2000 or Newer 23.0
1970 - 1999 56.9
1940 - 1969 13.6
1939 or Older 6.6

Types of Homes

TYPE OF Fairview HOMES
Single-Family 71.6
Townhomes 0.0
Small Apt. Buildings 16.3
Apt. Complexes 0.0
Mobile Homes 12.2
Other 0.0

Home Size

SIZE OF Fairview HOMES
No Bedroom 5.15
1 Bedroom 14.94
2 Bedrooms 21.01
3 Bedrooms 50.46
4 Bedrooms 7.85
5 or more bedrooms 0.59