The Most Affordable Neighborhoods in Fair Oaks, VA by Home Value

These days, finding an affordable place to live in the Fair Oaks area can be challenging. Home prices in Fair Oaks are now at a median cost of $640,016, higher than the Virginia average of $443,089.

The average cost of rent is $2,405/mo in Fair Oaks, primarily driven by the current value of real estate in the Fair Oaks area. In Fair Oaks, 55.50% of households rent, and 23.87% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Fair Oaks is $11,568 per month. Households that rent pay about 20.79% of their income on rent here. Fair Oaks’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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