Fairlawn, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Fairlawn Neighborhoods Since 2000




Fairlawn, 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

Fairlawn Housing Market Information

With a population of 7,413, 3,345 total housing units (homes and apartments), and a median house value of $216,369, Fairlawn real estate is some of the most expensive in Ohio, although Fairlawn home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Fairlawn, accounting for 53.91% of the city's housing units. Other types of housing that are prevalent in Fairlawn include large apartment complexes or high rise apartments ( 30.92%), duplexes, homes converted to apartments or other small apartment buildings ( 7.60%), and a few row houses and other attached homes ( 7.57%).

The most prevalent building size and type in Fairlawn are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.47% owning and 37.53% renting.

There is a lot of housing in Fairlawn 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 Fairlawn built between 1940-1969 ( 42.16%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.27%). There's also some housing in Fairlawn built before 1939 ( 1.64%).

Fairlawn Home Appreciation Rates

Real estate appreciation rates in Fairlawn's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.04% during the period.

NeighborhoodScout's data show that during the latest twelve months, Fairlawn's appreciation rate, at 4.36%, has been at or slightly above the national average. In the latest quarter, Fairlawn's appreciation rate has been 0.81%, which annualizes to a rate of 3.28%.

Relative to Ohio, our data show that Fairlawn's latest annual appreciation rate is higher than 70% of the other cities and towns in Ohio.

Average Home Values

 

Median Home Value:
$216,369

Fairlawn, OH HOME PRICES

Value Range
> $1,120,000 0.1
$840,001 - $1,120,000 0.2
$560,001 - $840,000 0.8
$448,001 - $560,000 2.1
$336,001 - $448,000 13.5
$224,001 - $336,000 23.2
$112,001 - $224,000 56.5
$56,001 - $112,000 1.6
$0 - $56,000 2.2

Very High for OH
High for Nation

Value Relative to Nation Value Relative to State
28.4307980780499 11.4173228346457

Number Of Homes And Apartments:
3,345

Fairlawn 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
5.17% 0.29% 4 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,013 / per month

Homeownership Rate

Homeownership
Owners 62.47
Renters 37.53
Vacant 9.84

Housing Market Details

 

Age of Homes

AGE OF Fairlawn HOMES
2000 or Newer 11.3
1970 - 1999 44.9
1940 - 1969 42.2
1939 or Older 1.6

Types of Homes

TYPE OF Fairlawn HOMES
Single-Family 53.9
Townhomes 7.6
Small Apt. Buildings 7.6
Apt. Complexes 30.9
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Fairlawn HOMES
No Bedroom 0.35
1 Bedroom 11.02
2 Bedrooms 35.96
3 Bedrooms 31.35
4 Bedrooms 19.30
5 or more bedrooms 2.02

Popular Neighborhoods in Fairlawn

Zip Codes in Fairlawn, OH