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Real Estate Prices & Overview

Fairfield Terrace median real estate price is $513,458, which is less expensive than 81.3% of California neighborhoods and 32.3% of all U.S. neighborhoods.

The average rental price in Fairfield Terrace is currently $2,384, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 77.9% of California neighborhoods.

Fairfield Terrace is an urban neighborhood (based on population density) located in Fairfield, California.

Fairfield Terrace real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Fairfield Terrace neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Fairfield Terrace are 3.6%, which is lower than one will find in 76.5% of American neighborhoods. Demand for real estate in Fairfield Terrace is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Fairfield, the Fairfield Terrace neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Modes of Transportation

Our research shows that more people carpool to work here in the Fairfield Terrace (30.9%) than in 99.0% of the neighborhoods in America.

Real Estate

Most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the 'Baby Boom' generation (1945 - 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Fairfield Terrace neighborhood, is that an incredible 82.7% of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.

Occupations

It used to be that most Americans lived on the farm, or otherwise made their living from the land, the forests, or the sea. With global trade and an economy increasingly based on providing services to one another, fewer people farm, fish or harvest timber now than at any time in American history. But according to NeighborhoodScout's leading analysis, the Fairfield Terrace neighborhood stands apart from most American neighborhood due to the proportion of its residents still working in these fields. With 6.8% of the workforce so employed, this neighborhood has a greater concentration of such workers than 98.0% of U.S. neighborhoods.

People

NeighborhoodScout's exclusive research revealed that 93.1% of the adult residents in the Fairfield Terrace neighborhood do not have a 4-year college degree, which is a lower rate of college graduated adults than found in 95.3% of the neighborhoods in America.

Diversity

Significantly, 0.7% of its residents five years old and above primarily speak Mon-Khmer, which is the dominant language of Cambodia, at home. While this may seem like a small percentage, it is higher than 98.5% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Fairfield Terrace neighborhood in Fairfield are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 62.7% of U.S. neighborhoods. With 17.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 64.4% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Fairfield Terrace neighborhood, 33.1% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 26.2% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.6%), and 14.3% in executive, management, and professional occupations.

Languages

The most common language spoken in the Fairfield Terrace neighborhood is English, spoken by 60.1% of households. Some people also speak Spanish (34.7%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Fairfield Terrace neighborhood in Fairfield, CA, residents most commonly identify their ethnicity or ancestry as Mexican (39.0%). There are also a number of people of Asian ancestry (6.7%), and residents who report English roots (5.3%), and some of the residents are also of Sub-Saharan African ancestry (4.7%), along with some African ancestry residents (4.7%), among others. In addition, 22.7% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Fairfield Terrace neighborhood spend between 15 and 30 minutes commuting one-way to work (32.8% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (60.5%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (30.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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