The housing market in Fairland, IN is quite strong with a median value of $231,500. This is significantly lower than the US median value of $338,100, meaning that homes in Fairland offer more affordable options for buyers. In addition, the US 1 year house appreciation rate was 8.27%, while the 1 year house appreciation rate in Fairland was 13.55%. This suggests that the housing market in Fairland is particularly healthy and properties are expected to continue to appreciate at a higher rate than other parts of the country.
The median home cost in Fairland is $231,500. Home appreciation the last 10 years has been 95.7%. Home Appreciation in Fairland is up 17.9%.
Average Age of Homes
- The median age of Fairland real estate is 67 years old
The Rental Market in Fairland
- Renters make up 28.9% of the Fairland population
- 0.0% of houses and apartments in Fairland, 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.