Wakefield, VA
Full City Profile · Virginia · Fairfax County County
4.8
/5.0
A+
Excellent
12,024
Population
287/sq mi density
$221,793
Median Income
$76,899 per capita
$826,100
Home Value
$215,863 Zillow
$3,501
Median Rent
21.6% income on rent
54°F
Avg Temperature
A+
Overall
4.8 / 5.0
Strong
A+
Economy
4.9 / 5.0
$221,793 median income, 2.5% unemployment
A+
Affordability
4.6 / 5.0
$826,100 home value, $3,501/mo rent
A+
Education
5.0 / 5.0
73.8% bachelor's degree or higher
Housing Overview
Median Home Value
$826,100
193% above
US avg: $281,900
Median Rent
$3,501/mo
201% above
US avg: $1,163/mo
Homeownership Rate
92.1%
41% above US avg (65.4%)
Total Housing Units
3,644
Median year built: 1968
Home Value by Source
Census Median
$826,100
Zillow (ZHVI)
$215,863
Redfin Median Sale
$201,925
Median Sale Price
$201,925
Median List Price
$344,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
92.1%
Owner-Occupied
7.9%
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:
$3,501/mo
Market Indicators (Redfin)
Median Sale Price
$201,925
Median Days on Market
247 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
2
Price Drops
25.0%
of listings with price reduction
Price Per Sq Ft
$146
Active Inventory
4
homes for sale
Affordability & Housing Stock
Rent Burden
21.6%
of renters spending 30%+ of income on housing
30% below US avg (31.0%)
Median Year Built
1968
Average age of housing stock: 58 years
Homeownership Rate
92.1%
Complete Housing Data
Home Values
| Census Median Value | $826,100 |
| Zillow Home Value (ZHVI) | $215,863 |
| Redfin Median Sale | $201,925 |
| Median Sale Price | $201,925 |
| Median List Price | $344,900 |
| Price Per Sq Ft | $146 |
Rent
| Census Median Rent | $3,501 |
| 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 | 247 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 25.0% |
| Homes Sold | 2 |
| Active Inventory | 4 |
| Price Per Sq Ft | $146 |
Ownership & Stock
| Owner-Occupied | 92.1% |
| Renter-Occupied | 7.9% |
| Homeownership Rate | 92.1% |
| Total Housing Units | 3,644 |
| Median Year Built | 1968 |
| Rent Burden | 21.6% |