Fairfield OH Real Estate – A “Smart Move”
Fairfield Ohio, a suburb of the Cincinnati real estate market is showing some remarkable, buyers looking in or near the area will find some powerful, positive indicators it’s an excellent time to consider homes for sale in Fairfield Ohio.
Many buyers looking into Southwest or Southern Ohio real estate who are calculating cost of living, employment opportunities, and seeking to buy a home but with frugal goals are turning towards communities like Fairfield. Let's take a look at why Fairfield is a smart move.
Cincinnati Real Esate - Fairfield's "Magnets"
- The median home cost in Fairfield is $129,900.
- Fairfield Residential appreciation the last year has been 7.10 percent.
- Fairfield's cost of living is 9.60% Lower than the U.S. average.
- The unemployment rate in Fairfield is 4.30 percent (U.S. avg. is 6.30%).
- Recent job growth is Positive. Fairfield jobs have Increased by 2.29 percent.
Other positive considerations, Fairfield is about 10-12 miles from Cincinnati for those that work in the Queen City which has a large and diverse employer group offering a newly burgeoning career market. Additionally, the area is loaded with attractions and also close to Newport Kentucky and unending recreational and entertainment opportunities on either side of the Ohio River.
House values across the country are expected rise an average of 5 %, but I believe Fairfield will out pace this, and after all, who doesn't want to see good equity gains post purchase? One of the reasons for continued growth and increases in house value, as a substantial city like Cincinnati continues to develop inwardly, housing developments are pushed further and further out. Fairfied definitely has it's own economy and doing well, and depending where in Fairfield a buyer may choose to live, about a half hour drive to Cincinnati.
Given the above information and based on recent past economic history, the reshoring of jobs back to the U.S., crackdowns on bid-rigging and price fixing in the manufacturing industry in one of the biggest criminal anti-trust cases in history, I believe that Fairfield's house values could easily see another gain of 7% this year.