Fairview, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Fairview, OR Real Estate Data


Fairview Housing Market Information

With a population of 9,280, 3,856 total housing units (homes and apartments), and a median house value of $268,511, 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 39.76% of the city's housing units. Other types of housing that are prevalent in Fairview include large apartment complexes or high rise apartments ( 27.87%), row houses and other attached homes ( 12.09%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.89%).

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 51.31% owning and 48.69% 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 ( 34.64%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.07%). There's also some housing in Fairview built before 1939 ( 2.30%).

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 9.20%, which ranks in the top 40% nationwide. This equates to an annual average Fairview house appreciation rate of 0.88%.

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 9.29%, which is higher than appreciation rates in 96.39% 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 4.15%, which equates to an annual appreciation rate of 17.68%.

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:
$268,511

Fairview, OR HOME PRICES

Value Range
> $1,424,000 0.0
$1,068,001 - $1,424,000 0.9
$712,001 - $1,068,000 1.0
$570,001 - $712,000 2.1
$427,001 - $570,000 9.6
$285,001 - $427,000 34.4
$142,001 - $285,000 27.9
$71,001 - $142,000 2.4
$0 - $71,000 21.7

Average for OR
High for Nation

Value Relative to Nation Value Relative to State
20.4661240264683 49.7584541062802

Number Of Homes And Apartments:
3,856

Rent & Ownership

 

Average Market Rent:
$1,353 / per month

Homeownership Rate

Homeownership
Owners 51.31
Renters 48.69
Vacant 3.70

Housing Market Details

 

Age of Homes

AGE OF Fairview HOMES
2000 or Newer 34.6
1970 - 1999 56.0
1940 - 1969 7.1
1939 or Older 2.3

Types of Homes

TYPE OF Fairview HOMES
Single-Family 39.8
Townhomes 12.1
Small Apt. Buildings 10.9
Apt. Complexes 27.9
Mobile Homes 9.0
Other 0.3

Home Size

SIZE OF Fairview HOMES
No Bedroom 2.57
1 Bedroom 8.74
2 Bedrooms 35.26
3 Bedrooms 44.73
4 Bedrooms 8.37
5 or more bedrooms 0.32

Fairview Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
65.77% 3.02% 6 8
* 10 is highest

Popular Neighborhoods in Fairview

Zip Codes in Fairview, OR