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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 9,910 people, 3,602 houses or apartments, and a median cost of homes of $469,558, Fairview real estate is some of the most expensive in Tennessee, although Fairview home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Fairview, accounting for 82.79% of the city's housing units. Other types of housing that are prevalent in Fairview include large apartment complexes or high rise apartments ( 6.99%), mobile homes or trailers ( 4.51%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.73%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fairview. Owner-occupied housing accounts for 82.26% of Fairview's homes, and 79.07% have either three or four bedrooms, which is average sized relative to America.
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 ( 40.74%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.47%). There's also some housing in Fairview built before 1939 ( 1.42%).
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 135.31% over the last ten years, which is an average annual home appreciation rate of 8.93%, 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.
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 0.66%, 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 -1.32%, which equates to an annual appreciation rate of -5.18%.
Notably, Fairview's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Tennessee, our data show that Fairview's latest annual appreciation rate is lower than 80% of the other cities and towns in Tennessee.
$469,558
for Tennessee
for nation
3,602
$2,234 / per month