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 2,138 people, 939 houses or apartments, and a median cost of homes of $125,922, house prices in Fredonia are solidly below the national average.
Single-family detached homes are the single most common housing type in Fredonia, accounting for 87.76% of the city's housing units. Other types of housing that are prevalent in Fredonia include large apartment complexes or high rise apartments ( 6.60%), mobile homes or trailers ( 2.86%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.78%).
The most prevalent building size and type in Fredonia are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.29% owning and 42.71% renting.
There is a lot of housing in Fredonia 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 Fredonia built between 1940-1969 ( 31.16%). A lesser amount of the housing stock also hails from before 1939 ( 25.26%). There's also some housing in Fredonia built between 2000 and later ( 2.52%).
Vacant housing appears to be an issue in Fredonia. Fully 18.49% of the housing stock is classified as vacant. Left unchecked, vacant Fredonia homes and apartments can be a drag on the real estate market, holding Fredonia 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.
Real estate appreciation rates in Fredonia's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.02% during the period.
NeighborhoodScout's data show that during the latest twelve months, Fredonia's appreciation rate, at 6.35%, has been at or slightly above the national average. In the latest quarter, Fredonia's appreciation rate has been 4.94%, which annualizes to a rate of 21.27%.
Importantly, this makes Fredonia one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Kansas, our data show that Fredonia's latest annual appreciation rate is lower than 50% of the other cities and towns in Kansas.
$125,922
for Kansas
for nation
939
$1,112 / per month