Fairview, PA 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

Fairview, PA Housing Market Trends

With 2,367 people, 1,006 houses or apartments, and a median cost of homes of $247,781, Fairview real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Fairview, accounting for 76.94% of the town's housing units. Other types of housing that are prevalent in Fairview include large apartment complexes or high rise apartments ( 12.00%), duplexes, homes converted to apartments or other small apartment buildings ( 7.31%), and a few row houses and other attached homes ( 2.62%).

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 75.67% of Fairview's homes, and 67.29% 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 1940-1969 ( 27.37%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.15%). There's also some housing in Fairview built before 1939 ( 14.62%).

Fairview Home Appreciation Rates

Real estate appreciation rates in Fairview's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 3.50% during the period.

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 8.35%, 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 2.61%, which equates to an annual appreciation rate of 10.85%.

Relative to Pennsylvania, our data show that Fairview's latest annual appreciation rate is higher than 50% of the other cities and towns in Pennsylvania.

Average Home Values

 

Median Home Value:
$247,781

Fairview, PA HOME PRICES

> $1,207,000
0.0%
0.0%
$905,001 - $1,207,000
0.0%
0.0%
$604,001 - $905,000
4.6%
4.6%
$483,001 - $604,000
2.4%
2.4%
$362,001 - $483,000
13.6%
13.6%
$242,001 - $362,000
28.2%
28.2%
$120,001 - $242,000
44.3%
44.3%
$60,001 - $120,000
3.9%
3.9%
$0 - $60,000
3.1%
3.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for PA

Value Relative To Nation

Number Of Homes And Apartments:
1,006

Fairview Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
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
68.87% 2.47%
4
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,072 / per month

Homeownership Rate

Owners
75.7%
75.7%
Renters
24.3%
24.3%
Vacant
5.7%
5.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.2%
20.2%
1970 - 1999
37.9%
37.9%
1940 - 1969
27.4%
27.4%
1939 or Older
14.6%
14.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
76.9%
76.9%
Townhomes
2.6%
2.6%
Small Apt. Buildings
7.3%
7.3%
Apt. Complexes
12.0%
12.0%
Mobile Homes
1.1%
1.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
11.8%
11.8%
2 Bedrooms
17.3%
17.3%
3 Bedrooms
37.7%
37.7%
4 Bedrooms
29.6%
29.6%
5 or more bedrooms
3.6%
3.6%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Fairview

Zip Codes in Fairview, PA