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Fair Lakes, VA
Full City Profile · Virginia · Fairfax city County
3.8
/5.0
B+
Good
8,617
Population
3,636/sq mi density
$130,789
Median Income
$66,786 per capita
$575,500
Home Value
$621,171 Zillow
$2,325
Median Rent
23.9% income on rent
54°F
Avg Temperature
293 sunny days/yr
74
Violent Crime/100K
1,709 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$130,789 median income, 2.2% unemployment
A
Affordability
4.2 / 5.0
$575,500 home value, $2,325/mo rent
F
Safety
1.0 / 5.0
74 violent crimes/100K
A+
Education
5.0 / 5.0
65.8% bachelor's degree or higher
Housing Overview
Median Home Value
$575,500
104% above
US avg: $281,900
Median Rent
$2,325/mo
100% above
US avg: $1,163/mo
Homeownership Rate
61.6%
6% below US avg (65.4%)
Total Housing Units
3,658
Median year built: 1997
Home Value by Source
Census Median
$575,500
Zillow (ZHVI)
$621,171
Median Sale Price
$362,500
Median List Price
$462,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
61.6%
Owner-Occupied
38.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,137/mo
1 Bedroom
$1,181/mo
2 Bedroom
$1,369/mo
3 Bedroom
$1,787/mo
4 Bedroom
$2,126/mo
Census median rent:
$2,325/mo
Market Indicators (Redfin)
Median Days on Market
42 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
5
Price Drops
13.6%
of listings with price reduction
Price Per Sq Ft
$349
Active Inventory
22
homes for sale
Affordability & Housing Stock
Rent Burden
23.9%
of renters spending 30%+ of income on housing
23% below US avg (31.0%)
Median Year Built
1997
Average age of housing stock: 29 years
Homeownership Rate
61.6%
Complete Housing Data
Home Values
| Census Median Value | $575,500 |
| Zillow Home Value (ZHVI) | $621,171 |
| Median Sale Price | $362,500 |
| Median List Price | $462,500 |
| Price Per Sq Ft | $349 |
Rent
| Census Median Rent | $2,325 |
| FMR Studio | $1,137 |
| FMR 1-Bedroom | $1,181 |
| FMR 2-Bedroom | $1,369 |
| FMR 3-Bedroom | $1,787 |
| FMR 4-Bedroom | $2,126 |
Market
| Days on Market | 42 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 13.6% |
| Homes Sold | 5 |
| Active Inventory | 22 |
| Price Per Sq Ft | $349 |
Ownership & Stock
| Owner-Occupied | 61.6% |
| Renter-Occupied | 38.4% |
| Homeownership Rate | 61.6% |
| Total Housing Units | 3,658 |
| Median Year Built | 1997 |
| Rent Burden | 23.9% |