Fairport, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Fairport Neighborhoods Since 2000




Fairport, NY 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

Fairport Housing Market Information

With 5,351 people, 2,544 houses or apartments, and a median cost of homes of $183,235, Fairport real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Fairport, accounting for 74.19% of the village's housing units. Other types of housing that are prevalent in Fairport include duplexes, homes converted to apartments or other small apartment buildings ( 19.21%), row houses and other attached homes ( 3.93%), and a few large apartment complexes or high rise apartments ( 2.67%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fairport. Owner-occupied housing accounts for 75.34% of Fairport's homes, and 60.06% have either three or four bedrooms, which is average sized relative to America.

The housing in Fairport was primarily built before 1939 ( 49.64%), making the housing stock in Fairport some of the oldest overall in America, although there is a range of ages of homes in Fairport. The next most important housing age is between 1940-1969 ( 33.79%), followed by between 1970-1999 ( 16.57%).

Fairport Home Appreciation Rates

Appreciation rates for homes in Fairport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.22%, which ranks in the top 40% nationwide. This equates to an annual average Fairport house appreciation rate of 0.79%.

Over the last year, Fairport appreciation rates have trailed the rest of the nation. In the last twelve months, Fairport's appreciation rate has been 1.78%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fairport were at -0.57%, which equates to an annual appreciation rate of -2.26%.

Notably, Fairport's appreciation rate in the latest quarter is one of the lowest in America.

Relative to New York, our data show that Fairport's latest annual appreciation rate is lower than 50% of the other cities and towns in New York.

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Fairport differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fairport - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fairport real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$183,235

Fairport, NY HOME PRICES

Value Range
> $1,057,000 0.0
$793,001 - $1,057,000 0.0
$529,001 - $793,000 0.0
$423,001 - $529,000 0.8
$317,001 - $423,000 4.9
$211,001 - $317,000 26.8
$106,001 - $211,000 62.5
$53,001 - $106,000 4.0
$0 - $53,000 0.9

Average for NY
High for Nation

Value Relative to Nation Value Relative to State
37.0326965897105 48.0359147025814

Number Of Homes And Apartments:
2,544

Fairport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
29.10% 1.49% 1 3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,036 / per month

Homeownership Rate

Homeownership
Owners 75.34
Renters 24.66
Vacant 2.86

Housing Market Details

 

Age of Homes

AGE OF Fairport HOMES
2000 or Newer 0.0
1970 - 1999 16.6
1940 - 1969 33.8
1939 or Older 49.6

Types of Homes

TYPE OF Fairport HOMES
Single-Family 74.2
Townhomes 3.9
Small Apt. Buildings 19.2
Apt. Complexes 2.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Fairport HOMES
No Bedroom 0.00
1 Bedroom 10.96
2 Bedrooms 23.29
3 Bedrooms 36.43
4 Bedrooms 23.63
5 or more bedrooms 5.69