Fairless Hills, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fairless Hills Neighborhoods Since 2000




Fairless Hills, PA 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

Fairless Hills Housing Market Information

With 8,384 people, 3,364 houses or apartments, and a median cost of homes of $248,004, Fairless Hills real estate is some of the most expensive in Pennsylvania, although Fairless Hills home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Fairless Hills, accounting for 60.80% of the town's housing units. Other types of housing that are prevalent in Fairless Hills include large apartment complexes or high rise apartments ( 16.35%), row houses and other attached homes ( 10.30%), and a few mobile homes or trailers ( 6.77%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fairless Hills. Owner-occupied housing accounts for 70.06% of Fairless Hills's homes, and 62.49% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Fairless Hills's housing was primarily built during this period, from the '40s through the '60s. A full 67.88% of the town's housing hails from this era. Other housing ages represented in Fairless Hills include homes built between 1970-1999 ( 28.02%) and housing constructed before 1939 ( 3.30%).

Fairless Hills Home Appreciation Rates

Fairless Hills's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Fairless Hills during the period has been just -1.11%, which is lower than 70% of US communities.

Over the last year, Fairless Hills appreciation rates have trailed the rest of the nation. In the last twelve months, Fairless Hills's appreciation rate has been 1.63%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fairless Hills were at 0.08%, which equates to an annual appreciation rate of 0.32%.

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

Average Home Values

 

Median Home Value:
$248,004

Fairless Hills, PA HOME PRICES

Value Range
> $1,060,000 0.0
$795,001 - $1,060,000 0.0
$530,001 - $795,000 0.5
$424,001 - $530,000 0.4
$319,001 - $424,000 11.7
$212,001 - $319,000 62.5
$106,001 - $212,000 17.8
$53,001 - $106,000 2.1
$0 - $53,000 4.9

Very High for PA
High for Nation

Value Relative to Nation Value Relative to State
22.8465955701395 12.2705314009662

Number Of Homes And Apartments:
3,364

Fairless Hills Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
63.99% 2.91% 9 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,461 / per month

Homeownership Rate

Homeownership
Owners 70.06
Renters 29.94
Vacant 3.53

Housing Market Details

 

Age of Homes

AGE OF Fairless Hills HOMES
2000 or Newer 0.8
1970 - 1999 28.0
1940 - 1969 67.9
1939 or Older 3.3

Types of Homes

TYPE OF Fairless Hills HOMES
Single-Family 60.8
Townhomes 10.3
Small Apt. Buildings 5.8
Apt. Complexes 16.3
Mobile Homes 6.8
Other 0.0

Home Size

SIZE OF Fairless Hills HOMES
No Bedroom 2.09
1 Bedroom 12.22
2 Bedrooms 21.19
3 Bedrooms 51.36
4 Bedrooms 11.13
5 or more bedrooms 2.01