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 119,338, 37,593 total housing units (homes and apartments), and a median house value of $613,347, real estate costs in Fairfield are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Fairfield, accounting for 67.73% of the city's housing units. Other types of housing that are prevalent in Fairfield include large apartment complexes or high rise apartments ( 17.91%), duplexes, homes converted to apartments or other small apartment buildings ( 6.08%), and a few row houses and other attached homes ( 5.96%).
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 59.48% owning and 40.52% 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 2000 and later ( 24.99%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.46%).
Appreciation rates for homes in Fairfield have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 95.68%, which ranks in the top 50% nationwide. This equates to an annual average Fairfield house appreciation rate of 6.94%.
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 -0.56%, 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 0.25%, which equates to an annual appreciation rate of 0.99%.
Notably, Fairfield's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Fairfield's latest annual appreciation rate is lower than 80% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Fairfield differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fairfield - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fairfield real estate investment or home purchase decisions.
$613,347
for California
for nation
37,593
$3,366 / per month