Fairfield, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Fairfield Neighborhoods Since 2000




Fairfield, TX Real Estate Data


Fairfield Housing Market Information

With a population of 2,912, 1,099 total housing units (homes and apartments), and a median house value of $89,718, house prices in Fairfield are solidly below the national average.

Single-family detached homes are the single most common housing type in Fairfield, accounting for 76.13% of the city's housing units. Other types of housing that are prevalent in Fairfield include large apartment complexes or high rise apartments ( 10.33%), mobile homes or trailers ( 7.98%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.07%).

The most prevalent building size and type in Fairfield are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.75% owning and 37.25% renting.

There is a lot of housing in Fairfield 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 Fairfield built between 1940-1969 ( 32.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 9.70%). There's also some housing in Fairfield built before 1939 ( 4.30%).

Vacant housing appears to be an issue in Fairfield. Fully 14.01% of the housing stock is classified as vacant. Left unchecked, vacant Fairfield homes and apartments can be a drag on the real estate market, holding Fairfield real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Fairfield Home Appreciation Rates

In the last 10 years, Fairfield has experienced some of the highest home appreciation rates of any community in the nation. Fairfield real estate appreciated 17.82% over the last ten years, which is an average annual home appreciation rate of 1.65%, putting Fairfield in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fairfield 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, Fairfield appreciation rates have trailed the rest of the nation. In the last twelve months, Fairfield's appreciation rate has been 2.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fairfield were at 0.58%, which equates to an annual appreciation rate of 2.35%.

Relative to Texas, our data show that Fairfield's latest annual appreciation rate is lower than 80% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$89,718

Fairfield, TX HOME PRICES

Value Range
> $1,116,000 0.0
$837,001 - $1,116,000 0.1
$558,001 - $837,000 2.3
$446,001 - $558,000 0.5
$335,001 - $446,000 2.8
$223,001 - $335,000 8.9
$112,001 - $223,000 30.9
$56,001 - $112,000 36.9
$0 - $56,000 17.4

Low for TX
Very Low for Nation

Value Relative to Nation Value Relative to State
84.1673502871206 73.5408560311284

Number Of Homes And Apartments:
1,099

Rent & Ownership

 

Average Market Rent:
$838 / per month

Homeownership Rate

Homeownership
Owners 62.75
Renters 37.25
Vacant 14.01

Housing Market Details

 

Age of Homes

AGE OF Fairfield HOMES
2000 or Newer 9.7
1970 - 1999 53.8
1940 - 1969 32.2
1939 or Older 4.3

Types of Homes

TYPE OF Fairfield HOMES
Single-Family 76.1
Townhomes 1.5
Small Apt. Buildings 4.1
Apt. Complexes 10.3
Mobile Homes 8.0
Other 0.0

Home Size

SIZE OF Fairfield HOMES
No Bedroom 0.00
1 Bedroom 3.29
2 Bedrooms 35.45
3 Bedrooms 48.04
4 Bedrooms 12.36
5 or more bedrooms 0.86

Fairfield Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
75.07% 3.30% 6 9
* 10 is highest

Zip Codes in Fairfield, TX