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These days, finding an affordable place to live in the Fairfax area can be challenging. Home prices in Fairfax are now at a median cost of $764,308, higher than the Virginia average of $443,089.
The average cost of rent is $2,405/mo in Fairfax, primarily driven by the current value of real estate in the Fairfax area. In Fairfax, 32.37% of households rent, and 26.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fairfax is $13,395 per month. Households that rent pay about 17.95% of their income on rent here. Fairfax’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oakton, VA: higher priced homes
- Fair Oaks, VA: less expensive homes
- Woodburn, VA: less expensive homes
- Burke Centre, VA: less expensive homes
- Vienna, VA: higher priced homes
- Burke, VA: equally priced homes
- Annandale, VA: equally priced homes
- Dunn Loring, VA: higher priced homes
- Clifton, VA: higher priced homes
- Wolf Trap, VA: higher priced homes
Cities with Similar Populations
- Carmel, IN: less expensive homes
- Cedar Park, TX: less expensive homes
- Cary, NC: less expensive homes
- Columbus, GA: less expensive homes
- Canton, GA: less expensive homes
- Chico, CA: less expensive homes
- Cleveland, OH: less expensive homes
- Charlottesville, VA: less expensive homes
- Cheyenne, WY: less expensive homes
- Chino, CA: less expensive homes
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