Fairfax, VA—22030
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Fairfax, VA
As of Oct '25, the median home price in Fairfax, VA is $798,000, with a year-over-year change of 1.4%. This indicates that home prices in Fairfax, VA are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $798,000 | 1.4% |
| Single Family | $841,000 | 1.0% |
| Condos | $435,000 | 2.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $323,000 | 1.9% |
2 Bed | $443,000 | 2.1% |
3 Bed | $723,000 | 1.3% |
4 Bed | $919,000 | 0.8% |
| 5 Bed | $1,161,000 | 1.0% |
% of Housing Stock
Rental Trends — Fairfax, VA
As of July '25, Rentcast reports the average rent in Fairfax, VA is $3,010, with a year-over-year rent change of 12.7%. Per bedroom, the median rent as of July '25 in Fairfax, VA is studios: $1,730, 1-bedrooms: $1,820, 2-bedrooms: $2,500, 3-bedrooms: $3,350, 4-bedrooms: $3,980. The most common rental property sizes in Fairfax, VA are 2-bedroom and 1-bedroom, accounting for 44.5% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,010 |
| Studio Rent | $1,950 | $1,730 |
| 1 Bed Rent | $1,950 | $1,820 |
| 2 Bed Rent | $2,500 | $2,500 |
| 3 Bed Rent | $3,300 | $3,350 |
| 4 Bed Rent | $3,800 | $3,980 |
% of Rental Stock
Property Listings — Fairfax, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Fairfax, VA is 28. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $842,000 | -9.0% |
Listing Count | 117 | 31.0% |
| Listings as % of Homes | 0.3% | 31.0% |
Days on Market | 28 | -1.0% |
Demographics — Fairfax, VA
As of the latest ACS Survey released in 2023, Fairfax, VA has a population of 60,900, which has increased by 2.3% over the past 5 years. Fairfax, VA is a moderately popular place for families, as children make up 20.5% of the population. The area has a highly educated workforce, with 66.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 60,900 | 2.3% |
% Under 18 | 20.5% | 1.0% |
% Seniors | 11.9% | 11.2% |
% WFH | 25.8% | 222.5% |
% w/ College Degree | 66.5% | 4.9% |
As of the latest ACS Survey released in 2023, Fairfax, VA is a predominantly white area, with 48.1% of the population identifying as white. The white population has shrunk by 9.6% in the last 5 years. The second most common race or ethnicity in Fairfax, VA is asian, making up 20.6% of the population. Foreign-born residents account for 30.7% of the population in Fairfax, VA, and this percentage has decreased by 2.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 48.1% | -9.6% |
% Black | 12.3% | 59.7% |
% Hispanic | 13.7% | 7.9% |
% Asian | 20.6% | -5.5% |
% Foreign Born | 30.7% | -2.2% |
Mortgage and Risk — Fairfax, VA
According to HUD data as of 2023, there were 720 mortgage originations in Fairfax, VA, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Fairfax, VA. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 720 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Fairfax, VA
As of 2024, the percent of homes in Fairfax, VA under the Section 8 program is 2.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Fairfax, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 258 |
Total Units Section 8 | 244 |
% Rentals under Section 8 | 2.0% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $440 | $1,950 | $2,390 |
| 2 Bedroom | $190 | $2,500 | $2,690 |
| 3 Bedroom | $60 | $3,300 | $3,360 |
| 4 Bedroom | $170 | $3,800 | $3,970 |
Affordability — Fairfax, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $798,000 |
| Median Household Income | $140,000 |