Fairwood is a quiet suburban neighborhood in Renton, WA. It’s located near the city center and has some of America’s most expensive real estate prices per square foot.
The Fairwood neighborhood in Renton, Washington, has a median real estate price of $475,342, which is more expensive than 50% off all other neighborhoods in the states and 76% of U.S. neighborhoods.
Fairwood is a neighborhood in the city of Renton with an average rental price currently at $3,025. This makes it higher than 84% percent of other neighborhoods across the state limits.
The Fairwood neighborhood is a community of single-family homes and small apartment buildings. The real estate here tends to be medium-sized (three or four bedrooms), with the largest size coming in at five bedrooms for your family’s needs.
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The Fairwood neighborhood is a great place to call home. While many people live in these older, well-established homes (built between 1940 and 1969), there are also some newer constructions that have been popping up lately, too.
Unlike most U.S neighborhoods, Fairwood has a 12.5% vacancy rate which is well above average and higher than 66% of American communities. These high vacancy rates could either signal that there is weak demand for real estate in this area or perhaps due to new housing being built but not yet occupied - either way; you may find many homes/ apartments empty here.
The people of Fairwood have a thing for cars. There’s no other way to put it: 34% of households here own four, five, or more vehicles compared with other neighborhoods across the nation (97% higher). The percentage is so high that these residents must really love their wheels.
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If you’re looking for a place where the majority of residential real estate is made up of single-family homes, then look no further than Fairwood. With 97% being detached and 475k dollar+ median price requirements to purchase one here (among the most expensive neighborhood in America), this area has more extravagant versions compared to other areas, which makes it stand out even more.
This is a great neighborhood for those who want to be near plenty of amenities and have an above-average income. The neighbors in the Fairwood area don’t just make money; they spend it too. With so many things going on around here, this place has something special - whether you’re looking into raising your kids or getting older than ever before with all these hot spots nearby.