Located just 16 miles northeast of Sacramento, California, the community of Fair Oaks provides all the features one could ask for when looking for a perfect place to call home. This community sits on the bank of the American River, near the base of the Sierra Nevada Mountains and close to Folsom Lake. In addition to being surrounded by natural beauty, Fair Oaks is only minutes away from major employment centers and provides residents with easy access to surrounding areas through highways such as Highway 50. The community’s nearly 40,000 residents enjoy a strong business center, affordable real estate with homes for sale in charming neighborhoods, and an excellent school district that has received numerous awards. This city hosts a variety of special events each year including the Fair Oaks Fiesta every May, A Taste of Fair Oaks every June, and Christmas in the Village every December. The Fair Oaks Theatre Festival is another special event hosted by the city and runs every June through August and puts on a variety of plays and musicals for everyone to enjoy. Fair Oaks’ real estate is affordable and diverse. A number of condominiums and townhouses are available, as is a wide selection of single-family homes. Real estate prices vary depending on such factors as size, amenities and views.
The real estate market offers a wide variety of home styles and prices that will meet every buyer’s personal needs and budget. Condominiums and townhouses can be found starting at about $200,000 and run up to approximately $500,000. A single-family property or estate begins in the high-$200,000s and can run up to $2 million plus for large estate and ranch properties. Some land and a few lots are available for custom building.
Fair Oaks Real Estate Stats and Trends for the week of August 15th, 2016: homes priced around $429,918 compared to $439,699 the previous week, showing a decrease of less than -2%. For Friday, September 30th, the current national mortgage rate for a 30 year fixed mortgage is 3.34%; the 15 year fixed rate is at 2.63%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.33%, while the 15 year jumbo rate currently is at 3.84%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Fair Oaks CA. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Fair Oaks to help you find the best home!