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Wakefield, VA
Full City Profile · Virginia · Fairfax County County
3.2
/5.0
B
Good
1,082
Population
287/sq mi density
$56,250
Median Income
$38,289 per capita
$155,600
Home Value
$203,671 Zillow
$959
Median Rent
21.6% income on rent
54°F
Avg Temperature
293 sunny days/yr
74
Violent Crime/100K
1,709 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$56,250 median income, 2.2% unemployment
A+
Affordability
5.0 / 5.0
$155,600 home value, $959/mo rent
F
Safety
1.0 / 5.0
74 violent crimes/100K
C+
Education
2.6 / 5.0
20.0% bachelor's degree or higher
Housing Overview
Median Home Value
$155,600
45% below
US avg: $281,900
Median Rent
$959/mo
18% below
US avg: $1,163/mo
Homeownership Rate
72.5%
11% above US avg (65.4%)
Total Housing Units
3,644
Median year built: 1968
Home Value by Source
Census Median
$155,600
Zillow (ZHVI)
$203,671
Median Sale Price
$201,925
Median List Price
$344,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
72.5%
Owner-Occupied
27.5%
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:
$959/mo
Market Indicators (Redfin)
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
72.5%
Complete Housing Data
Home Values
| Census Median Value | $155,600 |
| Zillow Home Value (ZHVI) | $203,671 |
| Median Sale Price | $201,925 |
| Median List Price | $344,900 |
| Price Per Sq Ft | $146 |
Rent
| Census Median Rent | $959 |
| 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 | 72.5% |
| Renter-Occupied | 27.5% |
| Homeownership Rate | 72.5% |
| Total Housing Units | 3,644 |
| Median Year Built | 1968 |
| Rent Burden | 21.6% |