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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 2,771, 847 total housing units (homes and apartments), and a median house value of $514,153, Fairview real estate is some of the most expensive in North Carolina, 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 84.70% of the town's housing units. Other types of housing that are prevalent in Fairview include mobile homes or trailers ( 13.96%).
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 94.81% of Fairview's homes, and 70.55% 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 ( 25.79%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.60%).
Vacant housing appears to be an issue in Fairview. Fully 18.48% of the housing stock is classified as vacant. Left unchecked, vacant Fairview homes and apartments can be a drag on the real estate market, holding Fairview 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.
Appreciation rates for homes in Fairview have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.96%, which ranks in the top 30% nationwide. This equates to an annual average Fairview house appreciation rate of 7.49%.
Over the last year, Fairview appreciation rates have trailed the rest of the nation. In the last twelve months, Fairview's appreciation rate has been -0.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fairview were at -1.94%, which equates to an annual appreciation rate of -7.53%.
Notably, Fairview's appreciation rate in the latest quarter is one of the lowest in America.
Relative to North Carolina, our data show that Fairview's latest annual appreciation rate is lower than 90% of the other cities and towns in North Carolina.
$514,153
for North carolina
for nation
847
$2,935 / per month