Fairland, IN Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

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

Fairland, IN Housing Market Trends

With 579 people, 258 houses or apartments, and a median cost of homes of $219,709, Fairland real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Fairland, accounting for 94.85% of the town's housing units. Other types of housing that are prevalent in Fairland include duplexes, homes converted to apartments or other small apartment buildings ( 4.41%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fairland. Owner-occupied housing accounts for 81.78% of Fairland's homes, and 75.00% have either three or four bedrooms, which is average sized relative to America.

The housing in Fairland was primarily built before 1939 ( 44.49%), making the housing stock in Fairland some of the oldest overall in America, although there is a range of ages of homes in Fairland. The next most important housing age is between 1940-1969 ( 36.40%), followed by between 1970-1999 ( 17.28%). There's also some housing in Fairland built between 2000 and later ( 1.84%).

Fairland Home Appreciation Rates

Appreciation rates for homes in Fairland have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 57.98%, which ranks in the top 30% nationwide. This equates to an annual average Fairland house appreciation rate of 4.68%.

NeighborhoodScout's data show that during the latest twelve months, Fairland's appreciation rate, at 10.35%, has been at or slightly above the national average. In the latest quarter, Fairland's appreciation rate has been 2.13%, which annualizes to a rate of 8.78%.

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

Average Home Values

 

Median Home Value:
$219,709

Fairland, IN HOME PRICES

> $1,312,000
0.6%
0.6%
$984,001 - $1,312,000
0.0%
0.0%
$656,001 - $984,000
0.7%
0.7%
$525,001 - $656,000
7.7%
7.7%
$394,001 - $525,000
11.6%
11.6%
$262,001 - $394,000
19.0%
19.0%
$131,001 - $262,000
43.9%
43.9%
$66,001 - $131,000
12.8%
12.8%
$0 - $66,000
3.7%
3.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Very High for IN

Value Relative To Nation

Number Of Homes And Apartments:
258

Fairland Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IN*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
57.49% 2.14%
6
3
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,014 / per month

Homeownership Rate

Owners
81.8%
81.8%
Renters
18.2%
18.2%
Vacant
5.1%
5.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1.8%
1.8%
1970 - 1999
17.3%
17.3%
1940 - 1969
36.4%
36.4%
1939 or Older
44.5%
44.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
94.9%
94.9%
Townhomes
0.0%
0.0%
Small Apt. Buildings
4.4%
4.4%
Apt. Complexes
0.7%
0.7%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
5.5%
5.5%
2 Bedrooms
18.0%
18.0%
3 Bedrooms
57.0%
57.0%
4 Bedrooms
18.0%
18.0%
5 or more bedrooms
1.5%
1.5%
0.0% 100.0%
% OF HOMES