Fife, WA 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fife Housing Market Information

With a population of 10,184, 3,688 total housing units (homes and apartments), and a median house value of $370,921, real estate costs in Fife are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.

Large apartment complexes or high rise apartments are the single most common housing type in Fife, accounting for 42.25% of the city's housing units. Other types of housing that are prevalent in Fife include single-family detached homes ( 37.32%), duplexes, homes converted to apartments or other small apartment buildings ( 10.58%), and a few row houses and other attached homes ( 6.44%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Fife primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Fife has a mixture of owner-occupied and renter-occupied housing.

Fife homes and real estate are some of the newest in America. 47.44% of Fife's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Fife real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 40.73%), and between 1940-1969 ( 9.34%). There's also some housing in Fife built before 1939 ( 2.49%).

Fife Home Appreciation Rates

In the last 10 years, Fife has experienced some of the highest home appreciation rates of any community in the nation. Fife real estate appreciated 55.88% over the last ten years, which is an average annual home appreciation rate of 4.54%, putting Fife in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fife definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Fife's appreciation rate, at 4.68%, has been at or slightly above the national average. In the latest quarter, Fife's appreciation rate has been 2.16%, which annualizes to a rate of 8.94%.

Importantly, this makes Fife 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 Washington, our data show that Fife's latest annual appreciation rate is lower than 60% of the other cities and towns in Washington.

Average Home Values

 
info

Median Home Value:
$370,921

Fife, WA HOME PRICES

> $1,321,000
0.2%
0.2%
$990,001 - $1,321,000
0.2%
0.2%
$660,001 - $990,000
3.5%
3.5%
$528,001 - $660,000
8.5%
8.5%
$396,001 - $528,000
30.3%
30.3%
$264,001 - $396,000
42.8%
42.8%
$132,001 - $264,000
9.3%
9.3%
$66,001 - $132,000
0.5%
0.5%
$0 - $66,000
4.7%
4.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for WA

Value Relative To Nation

Number Of Homes And Apartments:
3,688

Fife Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
111.55% 3.68%
3
9
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$2,157 / per month

Homeownership Rate

Owners
38.1%
38.1%
Renters
61.9%
61.9%
Vacant
6.2%
6.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
47.4%
47.4%
1970 - 1999
40.7%
40.7%
1940 - 1969
9.3%
9.3%
1939 or Older
2.5%
2.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
37.3%
37.3%
Townhomes
6.4%
6.4%
Small Apt. Buildings
10.6%
10.6%
Apt. Complexes
42.3%
42.3%
Mobile Homes
3.4%
3.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.3%
2.3%
1 Bedroom
19.3%
19.3%
2 Bedrooms
37.7%
37.7%
3 Bedrooms
26.6%
26.6%
4 Bedrooms
10.3%
10.3%
5 or more bedrooms
3.8%
3.8%
0.0% 100.0%
% OF HOMES