Fairview, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fairview Neighborhoods Since 2000




Fairview, TN 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 8,331, 2,893 total housing units (homes and apartments), and a median house value of $232,651, 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 84.23% of the city's housing units. Other types of housing that are prevalent in Fairview include large apartment complexes or high rise apartments ( 7.15%), mobile homes or trailers ( 4.04%), and a few row houses and other attached homes ( 3.09%).

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 77.64% of Fairview's homes, and 77.99% 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 ( 28.35%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.34%). There's also some housing in Fairview built before 1939 ( 3.66%).

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 17.28% over the last ten years, which is an average annual home appreciation rate of 1.61%, putting Fairview in the top 20% 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 7.62%, which is higher than appreciation rates in 84.86% 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 2.76%, which equates to an annual appreciation rate of 11.51%.

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

Average Home Values

 

Median Home Value:
$232,651

Fairview, TN HOME PRICES

Value Range
> $1,237,000 0.9
$928,001 - $1,237,000 1.2
$619,001 - $928,000 1.6
$495,001 - $619,000 4.3
$371,001 - $495,000 15.2
$247,001 - $371,000 21.0
$124,001 - $247,000 46.5
$62,001 - $124,000 4.8
$0 - $62,000 4.4

Very High for TN
High for Nation

Value Relative to Nation Value Relative to State
25.3193484120473 7.39795918367347

Number Of Homes And Apartments:
2,893

Fairview Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
47.77% 2.29% 8 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,142 / per month

Homeownership Rate

Homeownership
Owners 77.64
Renters 22.36
Vacant 1.90

Housing Market Details

 

Age of Homes

AGE OF Fairview HOMES
2000 or Newer 28.3
1970 - 1999 59.6
1940 - 1969 8.3
1939 or Older 3.7

Types of Homes

TYPE OF Fairview HOMES
Single-Family 84.2
Townhomes 3.1
Small Apt. Buildings 1.5
Apt. Complexes 7.2
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Fairview HOMES
No Bedroom 0.00
1 Bedroom 3.63
2 Bedrooms 13.80
3 Bedrooms 56.32
4 Bedrooms 21.67
5 or more bedrooms 4.58