Fairbury, NE
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fairbury, NE Real Estate Data


Fairbury Housing Market Information

With 3,751 people, 1,817 houses or apartments, and a median cost of homes of $66,741, house prices in Fairbury are some of the most affordable in Nebraska as well as the nation.

Single-family detached homes are the single most common housing type in Fairbury, accounting for 88.43% of the city's housing units. Other types of housing that are prevalent in Fairbury include large apartment complexes or high rise apartments ( 9.69%), duplexes, homes converted to apartments or other small apartment buildings ( 1.74%).

Dwellings in Fairbury tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 53.73% of the homes in Fairbury have two or fewer bedrooms.

The housing in Fairbury was primarily built before 1939 ( 50.30%), 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 ( 30.09%), followed by between 1970-1999 ( 16.46%). There's also some housing in Fairbury built between 2000 and later ( 3.16%).

Vacant housing appears to be an issue in Fairbury. Fully 16.92% 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

Fairbury's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fairbury during the period has been just -1.54%, which is lower than 80% of US communities.

Over the last year, Fairbury appreciation rates have trailed the rest of the nation. In the last twelve months, Fairbury's appreciation rate has been 3.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fairbury were at 1.93%, which equates to an annual appreciation rate of 7.96%.

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

Average Home Values

 

Median Home Value:
$66,741

Fairbury, NE HOME PRICES

Value Range
> $1,017,000 0.0
$763,001 - $1,017,000 0.0
$509,001 - $763,000 0.4
$407,001 - $509,000 0.0
$305,001 - $407,000 0.9
$204,001 - $305,000 3.4
$102,001 - $204,000 18.5
$51,001 - $102,000 26.2
$0 - $51,000 50.6

Very Low for NE
Very Low for Nation

Value Relative to Nation Value Relative to State
96.685600515313 98.4615384615385

Number Of Homes And Apartments:
1,817

Rent & Ownership

 

Average Market Rent:
$776 / per month

Homeownership Rate

Homeownership
Owners 70.63
Renters 29.37
Vacant 16.92

Housing Market Details

 

Age of Homes

AGE OF Fairbury HOMES
2000 or Newer 3.2
1970 - 1999 16.5
1940 - 1969 30.1
1939 or Older 50.3

Types of Homes

TYPE OF Fairbury HOMES
Single-Family 88.4
Townhomes 0.0
Small Apt. Buildings 1.7
Apt. Complexes 9.7
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Fairbury HOMES
No Bedroom 1.05
1 Bedroom 13.40
2 Bedrooms 39.28
3 Bedrooms 33.97
4 Bedrooms 8.60
5 or more bedrooms 3.70

Fairbury Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NE*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
3.12% 0.18% 1 1
* 10 is highest

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