Fairfield, CT is a desirable area for homeowners due to its high median housing value of $708,700. This is significantly higher than the US median housing value of $338,100 and this difference is also reflected in the appreciation rates of homes in Fairfield. The US 1 year house appreciation rate is 8.27%, while the 1 year house appreciation rate in Fairfield, CT is 9.97%. This indicates that home values are increasing rapidly in Fairfield, making it an attractive location for investing in real estate.
The median home cost in Fairfield is $708,700. Home appreciation the last 10 years has been 46.6%. Home Appreciation in Fairfield is up 15.3%.
Average Age of Homes
- The median age of Fairfield real estate is 60 years old
The Rental Market in Fairfield
- Renters make up 16.4% of the Fairfield population
- 0.7% of houses and apartments in Fairfield, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.