Fairborn, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Fairborn Neighborhoods Since 2000




Fairborn, OH 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

Fairborn Housing Market Information

With a population of 33,452, 14,651 total housing units (homes and apartments), and a median house value of $106,089, house prices in Fairborn are solidly below the national average.

Single-family detached homes are the single most common housing type in Fairborn, accounting for 58.16% of the city's housing units. Other types of housing that are prevalent in Fairborn include large apartment complexes or high rise apartments ( 21.27%), duplexes, homes converted to apartments or other small apartment buildings ( 13.39%), and a few row houses and other attached homes ( 5.07%).

The most prevalent building size and type in Fairborn are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 47.46% owning and 52.54% renting.

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. Fairborn's housing was primarily built during this period, from the '40s through the '60s. A full 47.46% of the city's housing hails from this era. Other housing ages represented in Fairborn include homes built between 1970-1999 ( 33.44%) and housing constructed between 2000 and later ( 12.03%). There's also some housing in Fairborn built before 1939 ( 7.06%).

Fairborn Home Appreciation Rates

Fairborn's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fairborn during the period has been just -0.95%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Fairborn's appreciation rate, at 5.39%, has been at or slightly above the national average. In the latest quarter, Fairborn's appreciation rate has been -0.27%, which annualizes to a rate of -1.08%.

Relative to Ohio, our data show that Fairborn's latest annual appreciation rate is higher than 80% of the other cities and towns in Ohio.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fairborn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fairborn - 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 Fairborn real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$106,089

Fairborn, OH HOME PRICES

Value Range
> $1,051,000 0.4
$788,001 - $1,051,000 0.0
$526,001 - $788,000 0.5
$421,001 - $526,000 0.3
$315,001 - $421,000 2.6
$210,001 - $315,000 9.6
$105,001 - $210,000 37.2
$53,001 - $105,000 40.9
$0 - $53,000 8.6

Low for OH
Low for Nation

Value Relative to Nation Value Relative to State
73.6083440759405 74.2782152230971

Number Of Homes And Apartments:
14,651

Fairborn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
-1.14% -0.07% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$976 / per month

Homeownership Rate

Homeownership
Owners 47.46
Renters 52.54
Vacant 9.88

Housing Market Details

 

Age of Homes

AGE OF Fairborn HOMES
2000 or Newer 12.0
1970 - 1999 33.4
1940 - 1969 47.5
1939 or Older 7.1

Types of Homes

TYPE OF Fairborn HOMES
Single-Family 58.2
Townhomes 5.1
Small Apt. Buildings 13.4
Apt. Complexes 21.3
Mobile Homes 2.1
Other 0.0

Home Size

SIZE OF Fairborn HOMES
No Bedroom 2.29
1 Bedroom 12.96
2 Bedrooms 29.72
3 Bedrooms 39.71
4 Bedrooms 13.34
5 or more bedrooms 1.98