Fairview, OR Real Estate Market

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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fairview, OR Housing Market Trends

With a population of 9,567, 3,800 total housing units (homes and apartments), and a median house value of $334,524, Fairview real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Fairview, accounting for 47.75% of the city's housing units. Other types of housing that are prevalent in Fairview include large apartment complexes or high rise apartments ( 25.51%), row houses and other attached homes ( 9.53%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.14%).

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 58.28% owning and 41.72% 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 2000 and later ( 30.44%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.57%). There's also some housing in Fairview built before 1939 ( 2.86%).

Fairview Home Appreciation Rates

In the last 10 years, Fairview has experienced some of the highest home appreciation rates of any community in the nation. Fairview real estate appreciated 91.90% over the last ten years, which is an average annual home appreciation rate of 6.73%, putting Fairview in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fairview definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Fairview that despite a nationwide downturn in the housing market, Fairview real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fairview appreciation rates continue to be some of the highest in America, at 8.00%, which is higher than appreciation rates in 73.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fairview. Fairview appreciation rates in the latest quarter were at 2.06%, which equates to an annual appreciation rate of 8.51%.

Relative to Oregon, our data show that Fairview's latest annual appreciation rate is lower than 60% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$334,524

Fairview, OR HOME PRICES

> $1,261,000
0.3%
0.3%
$946,001 - $1,261,000
0.0%
0.0%
$631,001 - $946,000
4.5%
4.5%
$505,001 - $631,000
5.6%
5.6%
$378,001 - $505,000
24.7%
24.7%
$252,001 - $378,000
34.2%
34.2%
$126,001 - $252,000
7.7%
7.7%
$63,001 - $126,000
3.9%
3.9%
$0 - $63,000
19.2%
19.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for OR

Value Relative To Nation

Number Of Homes And Apartments:
3,800

Fairview Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
112.62% 3.61%
3
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,841 / per month

Homeownership Rate

Owners
58.3%
58.3%
Renters
41.7%
41.7%
Vacant
3.0%
3.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
30.4%
30.4%
1970 - 1999
56.1%
56.1%
1940 - 1969
10.6%
10.6%
1939 or Older
2.9%
2.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
47.8%
47.8%
Townhomes
9.5%
9.5%
Small Apt. Buildings
9.1%
9.1%
Apt. Complexes
25.5%
25.5%
Mobile Homes
8.1%
8.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.9%
0.9%
1 Bedroom
8.2%
8.2%
2 Bedrooms
31.8%
31.8%
3 Bedrooms
44.7%
44.7%
4 Bedrooms
13.3%
13.3%
5 or more bedrooms
1.1%
1.1%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Fairview

Zip Codes in Fairview, OR