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 32,514 people, 13,036 houses or apartments, and a median cost of homes of $933,804, real estate costs in Fair Oaks are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.
Single-family detached homes are the single most common housing type in Fair Oaks, accounting for 71.39% of the town's housing units. Other types of housing that are prevalent in Fair Oaks include large apartment complexes or high rise apartments ( 14.64%), duplexes, homes converted to apartments or other small apartment buildings ( 7.38%), and a few row houses and other attached homes ( 6.49%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Fair Oaks. Owner-occupied housing accounts for 69.16% of Fair Oaks's homes, and 64.18% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Fair Oaks 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 Fair Oaks built between 1940-1969 ( 30.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 10.37%). There's also some housing in Fair Oaks built before 1939 ( 1.63%).
In the last 10 years, Fair Oaks has experienced some of the highest home appreciation rates of any community in the nation. Fair Oaks real estate appreciated 139.77% over the last ten years, which is an average annual home appreciation rate of 9.14%, putting Fair Oaks in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fair Oaks definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Fair Oaks that despite a nationwide downturn in the housing market, Fair Oaks real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fair Oaks appreciation rates continue to be some of the highest in America, at 29.69%, which is higher than appreciation rates in 99.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fair Oaks. Fair Oaks appreciation rates in the latest quarter were at 26.44%, which equates to an annual appreciation rate of 155.61%.
Importantly, NeighborhoodScout’s exclusive research found that Fair Oaks's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to California, our data show that Fair Oaks's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Fair Oaks differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Fair Oaks - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Fair Oaks real estate investment or home purchase decisions.
$933,804
for California
for nation
13,036
$2,812 / per month