FAIRFIELD MARKET FAIRFIELDCA, CA, HOUSING HOUSING MARKET
APPRECIATION ANDHOUSING HOUSINGMARKET MARKET DATA APPRECIATIONRATE RATETRENDS TRENDS AND DATA
ROBERT LANGSTON Market Area
T
he Vallejo-Fairfield, California Housing market is located between San Francisco and Sacramento metropolitan areas and consists of Solano County. This Housing Market Area (HMA) has two submarkets, the city of Vallejo and the cities of Fairfield and Vacaville. The remainder of this HMA consists mainly of unincorporated areas of Solano County and some other several smaller cities, including Rio Vista, Dixon, Suisun City, and Benicia.
About Vallejo-Fairfield Housing
68
l
One thing you should note about this area is that it has a diverse economic base, and proximity to the San Francisco and Sacramento metros has contributed to the relatively steady development and employment and population growth in the region. In the recent past, significant nonfarm employment growth has been in the retail trade, educational and health services, leisure and hospitality and construction sectors. More so, there has been a steady job growth in industries of biotechnology, which has increased the economic diversity of the HMA. New residents have been drawn to this area mainly because of the employment growth and the relatively
THE POWER IS NOW MAGAZINE | APRIL 2020
