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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Fairview Heights, IL 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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fairview Heights, IL Housing Market Trends

With 16,324 people, 7,026 houses or apartments, and a median cost of homes of $249,382, house prices in Fairview Heights are solidly below the national average.

Single-family detached homes are the single most common housing type in Fairview Heights, accounting for 72.52% of the city's housing units. Other types of housing that are prevalent in Fairview Heights include large apartment complexes or high rise apartments ( 17.25%), duplexes, homes converted to apartments or other small apartment buildings ( 6.50%), and a few mobile homes or trailers ( 2.11%).

The most prevalent building size and type in Fairview Heights are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.46% owning and 36.54% renting.

There is a lot of housing in Fairview Heights 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 Heights built between 1940-1969 ( 34.17%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.17%). There's also some housing in Fairview Heights built before 1939 ( 4.10%).

Vacant housing appears to be an issue in Fairview Heights. Fully 12.69% of the housing stock is classified as vacant. Left unchecked, vacant Fairview Heights homes and apartments can be a drag on the real estate market, holding Fairview Heights real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Fairview Heights Home Appreciation Rates

Real estate appreciation rates in Fairview Heights's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.74% during the period.

Appreciation rates are so strong in Fairview Heights that despite a nationwide downturn in the housing market, Fairview Heights real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fairview Heights appreciation rates continue to be some of the highest in America, at 8.78%, which is higher than appreciation rates in 78.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fairview Heights. Fairview Heights appreciation rates in the latest quarter were at 1.09%, which equates to an annual appreciation rate of 4.45%.

Relative to Illinois, our data show that Fairview Heights's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.

Average Home Values

Median Home Value

$249,382

Fairview Heights, IL Home Prices
> $1,488,000
$1,116,001 - $1,488,000
$744,001 - $1,116,000
$595,001 - $744,000
$446,001 - $595,000
$297,001 - $446,000
$149,001 - $297,000
$74,001 - $149,000
$0 - $74,000
0.1%
0.1%
0.2%
0.2%
0.4%
0.4%
1.5%
1.5%
3.7%
3.7%
21.2%
21.2%
55.3%
55.3%
13.0%
13.0%
4.6%
4.6%
0% 100.0%
% of Homes
High

for Illinois

Average

for nation

Number of Homes And Apartments:

7,026

Fairview Heights Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,756 / per month

Homeownership Rate

Owners
Renters
63.5%
63.5%
36.5%
36.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
12.7%
12.7%
87.3%
87.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
20.2%
20.2%
41.6%
41.6%
34.2%
34.2%
4.1%
4.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
72.5%
72.5%
1.6%
1.6%
6.5%
6.5%
17.2%
17.2%
2.1%
2.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
9.2%
9.2%
28.7%
28.7%
40.9%
40.9%
17.7%
17.7%
2.2%
2.2%
0% 100.0%
% of Homes

Popular Neighborhoods in Fairview Heights

Zip Codes in Fairview Heights, IL