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Bankruptcy Homes in Fairwood, WA

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Home Value Estimator For Fairwood, WA

There are currently 2 real estate properties in Fairwood, WA, with a median automated valuation model (AVM) price of $310,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Fairwood, WA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Fairwood, WA, is $456,861.00, with the most expensive house in Fairwood, WA, topping out at $603,722.00 and the cheapest home in Fairwood, WA, clocking in at $310,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Fairwood, WA!


Rent Prices In Fairwood, WA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fairwood, WA, is on a rollercoaster ride. The average rent price in Fairwood, WA, is $1,405.00. Indeed, when looking to rent in Fairwood, WA, you can expect to pay as little as $1,160.00 or as much as $1,650.00, with the average rent median estimated to be $1,160.00. The good news is that finding an affordable and desirable property to rent in Fairwood, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Fairwood, WA In 2024

Fairwood is located in King, Washington, with an estimated municipal population of 19,962 residents. All of the best foreclosed homes for sale in Fairwood are located in the following zip code areas on Foreclosure.com: 98058. The estimated population per square kilometer (.62 miles) in Fairwood is 1,628.


Cost Of Living In Fairwood, WA

So, about how much do homes cost in Fairwood? The most recent median value of resident-owned homes in Fairwood is 424,900. An estimated 71.2 percent of households in Fairwood own their homes, with an average family size of 3.14. The median household income in Fairwood is 97,398, with49 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Fairwood, the median commute time of resident workers (in minutes) is 35.9. And last, but certainly not least, are you looking for homes to rent in Fairwood? If so, the average rent price paid by renters in Fairwood is 1,719, according to recent statistics.


Diversity And Demographics In Fairwood, Washington

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Fairwood, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Fairwood is 38.2, split between 50.2 percent male versus 49.8 female. The percentage of residents who report being married in Fairwood is 57.4, with an average family size of 3.14.

The percentage of residents who report their race in Fairwood is as follows:

White 58.9%
Black / African American 10.1%
Asian 17.5%
American Indian / Alaskan Native 0.6%
Native Hawaiian / Other Pacifc Islander 1%
Multi-racial 9.5%
Other 2.4%

Looking for family-friendly neighborhoods in and/or near Fairwood? Or maybe you are searching for 55+ active adult communities in and/or near Fairwood?

The percentage of residents who report their age in Fairwood is as follows:

Under 10 13.6%
Aged 10-19 11.8%
20s 11.3%
30s 15.9%
40s 13.1%
50s 14.9%
60s 10.1%
70s 6.9%
80+ 2.4%

Best Schools In Fairwood, Washington

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Fairwood with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Fairwood.


Pros And Cons Of Living In Fairwood, Washington

How do you know that living in -- or moving to -- Fairwood is right where you need to be? Perhaps you grew up in Fairwood or already live nearby; therefore, the decision to buy a home in Fairwood is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Fairwood for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Fairwood:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Fairwood.


Reasons To Move To Fairwood, Washington, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Fairwood can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Fairwood, meanwhile, can field multiple offers from more qualified buyers.

Fairwood, WA Bankruptcy Homes


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