Fairview, OK
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Fairview Neighborhoods Since 2000




Fairview, OK 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

Fairview Housing Market Information

With 2,655 people, 1,119 houses or apartments, and a median cost of homes of $84,982, house prices in Fairview are solidly below the national average.

Single-family detached homes are the single most common housing type in Fairview, accounting for 75.38% of the city's housing units. Other types of housing that are prevalent in Fairview include duplexes, homes converted to apartments or other small apartment buildings ( 11.66%), large apartment complexes or high rise apartments ( 5.98%), and a few mobile homes or trailers ( 5.14%).

The most prevalent building size and type in Fairview are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.37% owning and 42.63% renting.

There is a lot of housing in Fairview 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 Fairview built between 1940-1969 ( 32.67%). A lesser amount of the housing stock also hails from before 1939 ( 11.73%). There's also some housing in Fairview built between 2000 and later ( 5.37%).

Vacant housing appears to be an issue in Fairview. Fully 14.19% of the housing stock is classified as vacant. Left unchecked, vacant Fairview homes and apartments can be a drag on the real estate market, holding Fairview real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Fairview Home Appreciation Rates

Appreciation rates for homes in Fairview have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.95%, which ranks in the top 30% nationwide. This equates to an annual average Fairview house appreciation rate of 1.31%.

Over the last year, Fairview appreciation rates have trailed the rest of the nation. In the last twelve months, Fairview's appreciation rate has been 2.80%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fairview were at 2.06%, which equates to an annual appreciation rate of 8.51%.

Importantly, this makes Fairview one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$84,982

Fairview, OK HOME PRICES

Value Range
> $1,081,000 0.0
$811,001 - $1,081,000 0.0
$540,001 - $811,000 0.0
$432,001 - $540,000 0.0
$324,001 - $432,000 0.0
$216,001 - $324,000 4.7
$108,001 - $216,000 31.1
$54,001 - $108,000 40.4
$0 - $54,000 23.8

Low for OK
Very Low for Nation

Value Relative to Nation Value Relative to State
87.3959920309387 70.392749244713

Number Of Homes And Apartments:
1,119

Fairview Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OK*
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
46.00% 2.22% 3 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$644 / per month

Homeownership Rate

Homeownership
Owners 57.37
Renters 42.63
Vacant 14.19

Housing Market Details

 

Age of Homes

AGE OF Fairview HOMES
2000 or Newer 5.4
1970 - 1999 50.2
1940 - 1969 32.7
1939 or Older 11.7

Types of Homes

TYPE OF Fairview HOMES
Single-Family 75.4
Townhomes 1.3
Small Apt. Buildings 11.7
Apt. Complexes 6.0
Mobile Homes 5.1
Other 0.5

Home Size

SIZE OF Fairview HOMES
No Bedroom 1.69
1 Bedroom 6.83
2 Bedrooms 31.21
3 Bedrooms 49.69
4 Bedrooms 10.58
5 or more bedrooms 0.00

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Zip Codes in Fairview, OK