Fairview, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fairview Neighborhoods Since 2000




Fairview, NJ Real Estate Data


Fairview Housing Market Information

With 14,451 people, 5,404 houses or apartments, and a median cost of homes of $406,603, real estate costs in Fairview are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Duplexes, homes converted to apartments or other small apartment buildings are the single most common housing type in Fairview, accounting for 50.76% of the borough's housing units. Other types of housing that are prevalent in Fairview include large apartment complexes or high rise apartments ( 22.10%), single-family detached homes ( 19.73%), and a few row houses and other attached homes ( 7.41%). Boroughs that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of boroughs are often walkable and compact, and often have a lively downtown.

People in Fairview primarily live in small (one, two or no bedroom) units, chiefly found in duplexes, homes converted to apartments or other small apartment buildings. Fairview has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Fairview's housing was primarily built during this period, from the '40s through the '60s. A full 46.67% of the borough's housing hails from this era. Other housing ages represented in Fairview include homes built before 1939 ( 23.79%) and housing constructed between 1970-1999 ( 21.88%). There's also some housing in Fairview built between 2000 and later ( 7.67%).

Fairview Home Appreciation Rates

Homes have actually lost value in Fairview over the last then years, as home values have seen a decline of 20.58% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Fairview home appreciation rates at 1.47%, which equates to an annual appreciation rate of 6.00%.

Appreciation rates are so strong in Fairview that despite a nationwide downturn in the housing market, Fairview real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fairview appreciation rates continue to be some of the highest in America, at 6.93%, which is higher than appreciation rates in 79.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fairview. Fairview appreciation rates in the latest quarter were at 1.47%, which equates to an annual appreciation rate of 6.00%.

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

Average Home Values

 

Median Home Value:
$406,603

Fairview, NJ HOME PRICES

Value Range
> $1,097,000 0.0
$823,001 - $1,097,000 1.8
$548,001 - $823,000 6.1
$439,001 - $548,000 23.3
$329,001 - $439,000 43.8
$220,001 - $329,000 18.9
$110,001 - $220,000 5.5
$55,001 - $110,000 0.0
$0 - $55,000 0.6

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
8.9358959334349 37.6016260162602

Number Of Homes And Apartments:
5,404

Rent & Ownership

 

Average Market Rent:
$1,446 / per month

Homeownership Rate

Homeownership
Owners 36.38
Renters 63.62
Vacant 7.12

Housing Market Details

 

Age of Homes

AGE OF Fairview HOMES
2000 or Newer 7.7
1970 - 1999 21.9
1940 - 1969 46.7
1939 or Older 23.8

Types of Homes

TYPE OF Fairview HOMES
Single-Family 19.7
Townhomes 7.4
Small Apt. Buildings 50.8
Apt. Complexes 22.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Fairview HOMES
No Bedroom 6.58
1 Bedroom 25.25
2 Bedrooms 28.43
3 Bedrooms 32.35
4 Bedrooms 6.20
5 or more bedrooms 1.19

Fairview Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
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
40.27% 1.98% 3 5
* 10 is highest