Fairfield, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fairfield, 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

Fairfield Housing Market Information

With 42,767 people, 17,244 houses or apartments, and a median cost of homes of $168,217, Fairfield real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Fairfield, accounting for 54.78% of the city's housing units. Other types of housing that are prevalent in Fairfield include large apartment complexes or high rise apartments ( 28.36%), duplexes, homes converted to apartments or other small apartment buildings ( 8.93%), and a few row houses and other attached homes ( 4.80%).

The most prevalent building size and type in Fairfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.43% owning and 37.57% renting.

There is a lot of housing in Fairfield built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Fairfield built between 1940-1969 ( 20.74%). A lesser amount of the housing stock also hails from between 2000 and later ( 6.38%). There's also some housing in Fairfield built before 1939 ( 2.73%).

Fairfield Home Appreciation Rates

Real estate appreciation rates in Fairfield's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.50% during the period.

NeighborhoodScout's data show that during the latest twelve months, Fairfield's appreciation rate, at 3.41%, has been at or slightly above the national average. In the latest quarter, Fairfield's appreciation rate has been 0.43%, which annualizes to a rate of 1.74%.

Relative to Ohio, our data show that Fairfield's latest annual appreciation rate is higher than 50% 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 Fairfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fairfield - 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 Fairfield real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$168,217

Fairfield, OH HOME PRICES

Value Range
> $1,093,000 0.5
$820,001 - $1,093,000 0.0
$547,001 - $820,000 0.3
$437,001 - $547,000 1.4
$328,001 - $437,000 2.2
$218,001 - $328,000 12.6
$110,001 - $218,000 61.5
$55,001 - $110,000 15.5
$0 - $55,000 6.0

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
42.3502871205906 26.9028871391076

Number Of Homes And Apartments:
17,244

Fairfield 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
10.92% 0.60% 6 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,053 / per month

Homeownership Rate

Homeownership
Owners 62.43
Renters 37.57
Vacant 9.57

Housing Market Details

 

Age of Homes

AGE OF Fairfield HOMES
2000 or Newer 6.4
1970 - 1999 70.2
1940 - 1969 20.7
1939 or Older 2.7

Types of Homes

TYPE OF Fairfield HOMES
Single-Family 54.8
Townhomes 4.8
Small Apt. Buildings 8.9
Apt. Complexes 28.4
Mobile Homes 2.9
Other 0.2

Home Size

SIZE OF Fairfield HOMES
No Bedroom 0.53
1 Bedroom 11.58
2 Bedrooms 33.31
3 Bedrooms 33.56
4 Bedrooms 19.03
5 or more bedrooms 1.98