Home Values

Fairfield Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$511,200

  • -1.1% 1-year change
  • -0.8% 1-year forecast

The median home value in Fairfield is $511,200. Fairfield home values have declined -1.1% over the past year and Zillow predicts they will fall -0.8% within the next year. The median list price per square foot in Fairfield is $317, which is higher than the Stamford Metro average of $236. The median price of homes currently listed in Fairfield is $639,000 while the median price of homes that sold is $512,500. The median rent price in Fairfield is $2,300, which is higher than the Stamford Metro median of $2,000.

Foreclosures will be a factor impacting home values in the next several years. In Fairfield 0.7 homes are foreclosed (per 10,000). This is lower than the Stamford Metro value of 0.8 and also lower than the national value of 4.0

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Fairfield is 6.8%, which is higher than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Fairfield homeowners underwater on their mortgage is 6.8%, which is lower than Stamford Metro at 14.6%.

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Relative ZHVI
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Fairfield Market Overview

Data through Dec 31, 2014
  • $511,200 ZHVI
  • -0.8% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Dec 31, 2015)
  • $639,000 Median listing price
  • $512,500 Median sale price (Nov 30, 2014)
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Fairfield Market Health

Data through Dec 31, 2014
  • 4.7/10 Stable
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
  • No data Average days on Zillow
  • 6.8% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 6.8% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

0.7 homes Fairfield
0.8 homes Stamford Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Westport $1,087,800
Weston $816,300
Wilton $770,600
Name Median ZHVI
Easton $614,200
Norwalk $380,600
Trumbull $359,300
Name Median ZHVI
Monroe $351,300
Stratford $236,100
Bridgeport $161,700

Listings & Sales

Data through Dec 31, 2014
  • $317 Median list price / sq ft
  • $311 Median sale price / sq ft (Nov 30, 2014)
  • 17.6% Listings with price cut
16.1%
Sold below listing
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Fairfield Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $2,775 Fairfield
    $2,445 Stamford Metro
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $2,300 Rent list price
  • $1.76 Rent list price / sq ft
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