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 540, 330 total housing units (homes and apartments), and a median house value of $340,089, Fairland real estate is some of the most expensive in Indiana, although Fairland home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Fairland, accounting for 92.05% of the town's housing units. Other types of housing that are prevalent in Fairland include large apartment complexes or high rise apartments ( 3.13%), mobile homes or trailers ( 2.56%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.27%).
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 87.16% of Fairland's homes, and 76.14% have either three or four bedrooms, which is average sized relative to America.
The housing in Fairland was primarily built before 1939 ( 60.23%), 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 ( 26.14%), followed by between 1970-1999 ( 12.50%). There's also some housing in Fairland built between 2000 and later ( 1.14%).
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 105.05%, which ranks in the top 30% nationwide. This equates to an annual average Fairland house appreciation rate of 7.44%.
NeighborhoodScout's data show that during the latest twelve months, Fairland's appreciation rate, at 5.54%, has been at or slightly above the national average. In the latest quarter, Fairland's appreciation rate has been -0.17%, which annualizes to a rate of -0.68%.
Notably, Fairland's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Indiana, our data show that Fairland's latest annual appreciation rate is lower than 50% of the other cities and towns in Indiana.
$340,089
for Indiana
for nation
330
$1,439 / per month