Fairview, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fairview, OR 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 a population of 9,280, 3,749 total housing units (homes and apartments), and a median house value of $255,546, 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 41.11% of the city's housing units. Other types of housing that are prevalent in Fairview include large apartment complexes or high rise apartments ( 30.28%), duplexes, homes converted to apartments or other small apartment buildings ( 11.01%), and a few row houses and other attached homes ( 9.40%).

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 49.56% owning and 50.44% 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 ( 28.95%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.50%). There's also some housing in Fairview built before 1939 ( 2.61%).

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 8.49%, which ranks in the top 40% nationwide. This equates to an annual average Fairview house appreciation rate of 0.82%.

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 11.87%, which is higher than appreciation rates in 97.28% 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 2.08%, which equates to an annual appreciation rate of 8.56%.

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

Average Home Values

 

Median Home Value:
$255,546

Fairview, OR HOME PRICES

Value Range
> $1,385,000 0.2
$1,039,001 - $1,385,000 0.5
$693,001 - $1,039,000 0.8
$555,001 - $693,000 1.9
$416,001 - $555,000 10.8
$277,001 - $416,000 28.9
$138,001 - $277,000 29.9
$69,001 - $138,000 2.6
$0 - $69,000 24.4

Average for OR
High for Nation

Value Relative to Nation Value Relative to State
21.742060236728 55.3140096618357

Number Of Homes And Apartments:
3,749

Fairview Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
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
68.52% 3.07% 6 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,533 / per month

Homeownership Rate

Homeownership
Owners 49.56
Renters 50.44
Vacant 6.02

Housing Market Details

 

Age of Homes

AGE OF Fairview HOMES
2000 or Newer 29.0
1970 - 1999 59.9
1940 - 1969 8.5
1939 or Older 2.6

Types of Homes

TYPE OF Fairview HOMES
Single-Family 41.1
Townhomes 9.4
Small Apt. Buildings 11.0
Apt. Complexes 30.3
Mobile Homes 8.2
Other 0.0

Home Size

SIZE OF Fairview HOMES
No Bedroom 1.88
1 Bedroom 6.67
2 Bedrooms 39.13
3 Bedrooms 43.75
4 Bedrooms 7.95
5 or more bedrooms 0.63

Popular Neighborhoods in Fairview

Zip Codes in Fairview, OR