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 a population of 10,809, 4,011 total housing units (homes and apartments), and a median house value of $585,289, real estate costs in Fife are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Washington communities.
Single-family detached homes are the single most common housing type in Fife, accounting for 41.12% of the city's housing units. Other types of housing that are prevalent in Fife include large apartment complexes or high rise apartments ( 36.19%), duplexes, homes converted to apartments or other small apartment buildings ( 11.70%), and a few row houses and other attached homes ( 6.69%).
People in Fife primarily live in small (one, two or no bedroom) single-family detached homes. Fife has a mixture of owner-occupied and renter-occupied housing.
Fife homes and real estate are some of the newest in America. 49.26% of Fife's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Fife real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.24%), and between 1940-1969 ( 11.49%). There's also some housing in Fife built before 1939 ( 3.01%).
In the last 10 years, Fife has experienced some of the highest home appreciation rates of any community in the nation. Fife real estate appreciated 127.36% over the last ten years, which is an average annual home appreciation rate of 8.56%, putting Fife in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Fife definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Fife appreciation rates have trailed the rest of the nation. In the last twelve months, Fife's appreciation rate has been 2.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fife were at 3.14%, which equates to an annual appreciation rate of 13.15%.
Importantly, this makes Fife 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 Washington, our data show that Fife's latest annual appreciation rate is higher than 50% of the other cities and towns in Washington.
$585,289
for Washington
for nation
4,011
$2,903 / per month