Many people’s first impressions of a neighborhood are shaped by superficial factors like the style of the houses and the surrounding landscape. While at first glance two seemingly identical locations may have vastly different vocational and cultural groupings, the true character of a given area may not become apparent until after a person has lived there for some time.
Based on population density, Arlington, Texas‘s Village of Fairfield is considered a suburban community. The median home price in the Village of Fairfield is $249,750, which is higher than the median home price in 53% of Texas and 41% of all U.S. localities. The current median rental price in Fairfield Village is $2,065. Rents here average higher than in 69.5% of Texas’ neighborhoods.
Single-family homes with three or four bedrooms, as well as apartment complexes and high-rise apartments, dominate the real estate market in the Village of Fairfield. In most areas, both homeowners and tenants live in privately owned homes. Numerous homes in the Village of Fairfield area are well-established without being ancient; they were all constructed between 1970 and 1999. The years 2000-present also saw the construction of a lot of private homes.
The Village of Fairfield has a far lower vacancy rate for homes (4.9% vs. the national average of 7.0%) than 70 percent of the areas in the United States. The demand for property in the Village of Fairfield is higher than the national average, which could mean that buyers in the area are interested in paying higher prices or building more homes there.
Village of Fairfield is unusual in that almost all of its residential real estate was constructed in a single time period, specifically between 1970 and 1999, which is typically considered to be established, but not old. If you walk or drive through this area, you may get the impression that many of the homes seem alike due to their comparable age. In fact, during this time frame, 86.0% of the homes in this area were constructed.
Arlington’s Village of Fairfield is a middle-class neighborhood since its residents earn middle-class wages. According to our exclusive data, the median household income in this area is significantly higher than that of 59.1% of all American neighborhoods. Also, compared to the rest of the country, this area has a lower rate of child poverty than 65.4% of the places in the United States to which children under the age of 17 belong.
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