Fife, WA Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Fife, WA Housing Market Trends

With 10,184 people, 3,787 houses or apartments, and a median cost of homes of $396,641, 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.

Large apartment complexes or high rise apartments are the single most common housing type in Fife, accounting for 40.70% of the city's housing units. Other types of housing that are prevalent in Fife include single-family detached homes ( 37.91%), duplexes, homes converted to apartments or other small apartment buildings ( 10.62%), and a few row houses and other attached homes ( 6.99%). This particular housing mix is relatively uncommon and characteristic of cities that are compact and walkable, and which often have a lively downtown.

People in Fife primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Fife has a mixture of owner-occupied and renter-occupied housing.

Fife homes and real estate are some of the newest in America. 48.61% 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 ( 38.31%), and between 1940-1969 ( 10.92%). There's also some housing in Fife built before 1939 ( 2.16%).

Fife Home Appreciation Rates

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 81.62% over the last ten years, which is an average annual home appreciation rate of 6.15%, putting Fife in the top 10% 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.

Appreciation rates are so strong in Fife that despite a nationwide downturn in the housing market, Fife real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Fife appreciation rates continue to be some of the highest in America, at 9.60%, which is higher than appreciation rates in 87.99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Fife. Fife appreciation rates in the latest quarter were at 1.76%, which equates to an annual appreciation rate of 7.24%.

Relative to Washington, our data show that Fife's latest annual appreciation rate is higher than 60% of the other cities and towns in Washington.

Average Home Values

 

Median Home Value:
$396,641

Fife, WA HOME PRICES

> $1,308,000
0.2%
0.2%
$981,001 - $1,308,000
0.4%
0.4%
$654,001 - $981,000
4.2%
4.2%
$523,001 - $654,000
10.7%
10.7%
$392,001 - $523,000
36.9%
36.9%
$262,001 - $392,000
35.6%
35.6%
$130,001 - $262,000
7.9%
7.9%
$66,001 - $130,000
0.5%
0.5%
$0 - $66,000
3.7%
3.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Average for WA

Value Relative To Nation

Number Of Homes And Apartments:
3,787

Fife Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WA*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
128.06% 3.96%
4
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,037 / per month

Homeownership Rate

Owners
40.1%
40.1%
Renters
59.9%
59.9%
Vacant
5.8%
5.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
48.6%
48.6%
1970 - 1999
38.3%
38.3%
1940 - 1969
10.9%
10.9%
1939 or Older
2.2%
2.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
37.9%
37.9%
Townhomes
7.0%
7.0%
Small Apt. Buildings
10.6%
10.6%
Apt. Complexes
40.7%
40.7%
Mobile Homes
3.8%
3.8%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.6%
2.6%
1 Bedroom
20.0%
20.0%
2 Bedrooms
36.4%
36.4%
3 Bedrooms
29.2%
29.2%
4 Bedrooms
8.7%
8.7%
5 or more bedrooms
3.1%
3.1%
0.0% 100.0%
% OF HOMES