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These days, finding an affordable place to live in the Fairwood area can be challenging. Home prices in Fairwood are now at a median cost of $726,670, higher than the Washington average of $621,115.
The average cost of rent is $2,522/mo in Fairwood, primarily driven by the current value of real estate in the Fairwood area. In Fairwood, 24.61% of households rent, and 34.06% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Fairwood is $10,831 per month. Households that rent pay about 23.29% of their income on rent here. Fairwood’s most expensive areas are in the southeastern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Renton, WA: equally priced homes
- East Renton Highlands, WA: higher priced homes
- East Hill-Meridian, WA: less expensive homes
- Bryn Mawr-Skyway, WA: less expensive homes
- Covington, WA: less expensive homes
- Kent, WA: less expensive homes
- Newcastle, WA: higher priced homes
- Tukwila, WA: less expensive homes
- SeaTac, WA: less expensive homes
- Hobart, WA: higher priced homes
Cities with Similar Populations
- Mamaroneck, NY: equally priced homes
- Lawrenceburg, KY: less expensive homes
- Lealman, FL: less expensive homes
- Westerly, RI: less expensive homes
- Lexington Park, MD: less expensive homes
- Liberal, KS: less expensive homes
- Liberty Hill, TX: less expensive homes
- Lillington, NC: less expensive homes
- Lino Lakes, MN: less expensive homes
- Livingston, TX: less expensive homes
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