Fife, WA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fife Neighborhoods Since 2000




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 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

Fife Housing Market Information

With a population of 9,970, 3,518 total housing units (homes and apartments), and a median house value of $309,927, Fife real estate prices are well above average cost compared to national prices.

Large apartment complexes or high rise apartments are the single most common housing type in Fife, accounting for 40.19% of the city's housing units. Other types of housing that are prevalent in Fife include single-family detached homes ( 39.16%), duplexes, homes converted to apartments or other small apartment buildings ( 11.86%), and a few row houses and other attached homes ( 6.31%). 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. 49.17% 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 ( 40.19%), and between 1940-1969 ( 8.50%). There's also some housing in Fife built before 1939 ( 2.14%).

Fife Home Appreciation Rates

Real estate appreciation rates in Fife's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.53% during the period.

Appreciation rates are so strong in Fife that despite a nationwide downturn in the housing market, Fife real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fife appreciation rates continue to be some of the highest in America, at 6.75%, which is higher than appreciation rates in 79.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fife. Fife appreciation rates in the latest quarter were at 2.83%, which equates to an annual appreciation rate of 11.81%.

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 80% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$309,927

Fife, WA HOME PRICES

Value Range
> $1,352,000 0.3
$1,014,001 - $1,352,000 0.2
$676,001 - $1,014,000 1.3
$540,001 - $676,000 4.0
$406,001 - $540,000 12.9
$271,001 - $406,000 50.9
$135,001 - $271,000 23.6
$68,001 - $135,000 0.5
$0 - $68,000 6.2

High for WA
Very High for Nation

Value Relative to Nation Value Relative to State
15.4283370444158 36.1702127659575

Number Of Homes And Apartments:
3,518

Fife Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
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
65.74% 2.97% 5 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,591 / per month

Homeownership Rate

Homeownership
Owners 40.07
Renters 59.93
Vacant 7.10

Housing Market Details

 

Age of Homes

AGE OF Fife HOMES
2000 or Newer 49.2
1970 - 1999 40.2
1940 - 1969 8.5
1939 or Older 2.1

Types of Homes

TYPE OF Fife HOMES
Single-Family 39.2
Townhomes 6.3
Small Apt. Buildings 11.9
Apt. Complexes 40.2
Mobile Homes 2.3
Other 0.2

Home Size

SIZE OF Fife HOMES
No Bedroom 1.45
1 Bedroom 20.12
2 Bedrooms 34.96
3 Bedrooms 27.07
4 Bedrooms 13.44
5 or more bedrooms 2.96