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Fairlawn, VA
Full City Profile · Virginia · Radford city County
3.7
/5.0
B+
Good
2,555
Population
811/sq mi density
$67,549
Median Income
$42,040 per capita
$257,000
Home Value
$261,350 Zillow
$1,533
Median Rent
38.9% income on rent
53°F
Avg Temperature
305 sunny days/yr
593
Violent Crime/100K
2,146 property/100K
B+
Overall
3.7 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.4 / 5.0
$67,549 median income, 1.9% unemployment
A+
Affordability
4.5 / 5.0
$257,000 home value, $1,533/mo rent
F
Safety
1.0 / 5.0
593 violent crimes/100K (56% above avg)
A+
Education
4.8 / 5.0
47.7% bachelor's degree or higher
Housing Overview
Median Home Value
$257,000
9% below
US avg: $281,900
Median Rent
$1,533/mo
32% above
US avg: $1,163/mo
Homeownership Rate
79.5%
22% above US avg (65.4%)
Total Housing Units
1,369
Median year built: 1978
Home Value by Source
Census Median
$257,000
Zillow (ZHVI)
$261,350
Median Sale Price
$298,250
Median List Price
$414,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
79.5%
Owner-Occupied
20.5%
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:
$1,533/mo
Market Indicators (Redfin)
Median Days on Market
37 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$165
Active Inventory
9
homes for sale
Affordability & Housing Stock
Rent Burden
38.9%
of renters spending 30%+ of income on housing
25% above US avg (31.0%)
Median Year Built
1978
Average age of housing stock: 48 years
Homeownership Rate
79.5%
Complete Housing Data
Home Values
| Census Median Value | $257,000 |
| Zillow Home Value (ZHVI) | $261,350 |
| Median Sale Price | $298,250 |
| Median List Price | $414,900 |
| Price Per Sq Ft | $165 |
Rent
| Census Median Rent | $1,533 |
| 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 | 37 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 0.0% |
| Homes Sold | 2 |
| Active Inventory | 9 |
| Price Per Sq Ft | $165 |
Ownership & Stock
| Owner-Occupied | 79.5% |
| Renter-Occupied | 20.5% |
| Homeownership Rate | 79.5% |
| Total Housing Units | 1,369 |
| Median Year Built | 1978 |
| Rent Burden | 38.9% |