Fairbury, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fairbury Neighborhoods Since 2000




Fairbury, NE 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

Fairbury Housing Market Information

With a population of 3,751, 1,885 total housing units (homes and apartments), and a median house value of $107,314, house prices in Fairbury are solidly below the national average.

Single-family detached homes are the single most common housing type in Fairbury, accounting for 86.48% of the city's housing units. Other types of housing that are prevalent in Fairbury include large apartment complexes or high rise apartments ( 10.85%), duplexes, homes converted to apartments or other small apartment buildings ( 2.26%).

Dwellings in Fairbury tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 51.29% of the homes in Fairbury have two or fewer bedrooms.

The housing in Fairbury was primarily built before 1939 ( 48.76%), making the housing stock in Fairbury some of the oldest overall in America, although there is a range of ages of homes in Fairbury. The next most important housing age is between 1940-1969 ( 29.99%), followed by between 1970-1999 ( 19.45%). There's also some housing in Fairbury built between 2000 and later ( 1.81%).

Vacant housing appears to be an issue in Fairbury. Fully 14.74% of the housing stock is classified as vacant. Left unchecked, vacant Fairbury homes and apartments can be a drag on the real estate market, holding Fairbury 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.

Fairbury Home Appreciation Rates

Appreciation rates for homes in Fairbury have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.58%, which ranks in the top 30% nationwide. This equates to an annual average Fairbury house appreciation rate of 1.28%.

Appreciation rates are so strong in Fairbury that despite a nationwide downturn in the housing market, Fairbury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fairbury appreciation rates continue to be some of the highest in America, at 28.54%, which is higher than appreciation rates in 100.00% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fairbury. Fairbury appreciation rates in the latest quarter were at 0.99%, which equates to an annual appreciation rate of 4.02%.

Relative to Nebraska, our data show that Fairbury's latest annual appreciation rate is higher than 90% of the other cities and towns in Nebraska.

Average Home Values

 

Median Home Value:
$107,314

Fairbury, NE HOME PRICES

Value Range
> $1,285,000 0.0
$964,001 - $1,285,000 0.6
$642,001 - $964,000 0.4
$514,001 - $642,000 0.0
$385,001 - $514,000 0.4
$257,001 - $385,000 3.8
$128,001 - $257,000 18.2
$64,001 - $128,000 31.2
$0 - $64,000 45.4

Low for NE
Low for Nation

Value Relative to Nation Value Relative to State
72.9579280440642 64.1025641025641

Number Of Homes And Apartments:
1,885

Fairbury Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NE*
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
38.17% 1.89% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$658 / per month

Homeownership Rate

Homeownership
Owners 66.86
Renters 33.14
Vacant 14.74

Housing Market Details

 

Age of Homes

AGE OF Fairbury HOMES
2000 or Newer 1.8
1970 - 1999 19.4
1940 - 1969 30.0
1939 or Older 48.8

Types of Homes

TYPE OF Fairbury HOMES
Single-Family 86.5
Townhomes 0.0
Small Apt. Buildings 2.3
Apt. Complexes 10.9
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Fairbury HOMES
No Bedroom 1.09
1 Bedroom 16.33
2 Bedrooms 33.88
3 Bedrooms 35.64
4 Bedrooms 7.87
5 or more bedrooms 5.20

Popular Neighborhoods in Fairbury

Popular Communities Near Fairbury, NE

Zip Codes in Fairbury, NE