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 7,423 people, 3,259 houses or apartments, and a median cost of homes of $1,448,142, Fairfax house prices are not only among the most expensive in California, Fairfax real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Fairfax, accounting for 67.20% of the town's housing units. Other types of housing that are prevalent in Fairfax include large apartment complexes or high rise apartments ( 13.57%), duplexes, homes converted to apartments or other small apartment buildings ( 11.39%), and a few row houses and other attached homes ( 7.68%).
People in Fairfax primarily live in small (one, two or no bedroom) single-family detached homes. Fairfax has a mixture of owner-occupied and renter-occupied housing.
The housing in Fairfax was primarily built before 1939 ( 40.51%), making the housing stock in Fairfax some of the oldest overall in America, although there is a range of ages of homes in Fairfax. The next most important housing age is between 1940-1969 ( 35.06%), followed by between 1970-1999 ( 24.23%).
Real estate appreciation rates in Fairfax's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.22% during the period.
Appreciation rates are so strong in Fairfax that despite a nationwide downturn in the housing market, Fairfax real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fairfax appreciation rates continue to be some of the highest in America, at 11.35%, which is higher than appreciation rates in 92.12% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fairfax. Fairfax appreciation rates in the latest quarter were at 2.58%, which equates to an annual appreciation rate of 10.71%.
Relative to California, our data show that Fairfax's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
$1,448,142
$4,337 / per month