Fairfax, VA—22033
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 $692,000, with a year-over-year change of 1.1%. This indicates that home prices in Fairfax, VA are increasing. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $692,000 | 1.1% |
| Single Family | $765,000 | 0.3% |
| Condos | $412,000 | 1.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $299,000 | 0.0% |
2 Bed | $428,000 | 1.4% |
3 Bed | $675,000 | 0.6% |
4 Bed | $852,000 | 0.2% |
| 5 Bed | $1,155,000 | 0.3% |
% of Housing Stock
Rental Trends — Fairfax, VA
As of July '25, Rentcast reports the average rent in Fairfax, VA is $2,930, with a year-over-year rent change of 9.3%. Per bedroom, the median rent as of July '25 in Fairfax, VA is studios: $2,120, 1-bedrooms: $1,880, 2-bedrooms: $2,610, 3-bedrooms: $3,260, 4-bedrooms: $3,800. The most common rental property sizes in Fairfax, VA are 2-bedroom and 1-bedroom, accounting for 37.4% and 35.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,830 | $2,930 |
| Studio Rent | $2,210 | $2,120 |
| 1 Bed Rent | $1,900 | $1,880 |
| 2 Bed Rent | $2,510 | $2,610 |
| 3 Bed Rent | $3,300 | $3,260 |
| 4 Bed Rent | $3,700 | $3,800 |
% 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 27. This is a increase of 17.0% from last year, suggesting that homes are sitting on the market longer 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 | $629,000 | -9.0% |
Listing Count | 97 | 25.0% |
| Listings as % of Homes | 0.3% | 25.0% |
Days on Market | 27 | 17.0% |
Demographics — Fairfax, VA
As of the latest ACS Survey released in 2023, Fairfax, VA has a population of 38,700, which has decreased by -3.7% over the past 5 years. Fairfax, VA is a moderately popular place for families, as children make up 19.8% of the population. The area has a highly educated workforce, with 66.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 25.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 38,700 | -3.7% |
% Under 18 | 19.8% | -16.1% |
% Seniors | 12.6% | 26.0% |
% WFH | 25.2% | 414.3% |
% w/ College Degree | 66.7% | 0.5% |
As of the latest ACS Survey released in 2023, Fairfax, VA is a predominantly white area, with 43.4% of the population identifying as white. The white population has shrunk by 14.4% in the last 5 years. The second most common race or ethnicity in Fairfax, VA is asian, making up 33.3% of the population. Foreign-born residents account for 35.8% of the population in Fairfax, VA, and this percentage has increased by 17.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 43.4% | -14.4% |
% Black | 7.3% | -7.6% |
% Hispanic | 9.9% | 8.8% |
% Asian | 33.3% | 19.8% |
% Foreign Born | 35.8% | 17.4% |
Mortgage and Risk — Fairfax, VA
According to HUD data as of 2023, there were 646 mortgage originations in Fairfax, VA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Fairfax, VA. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 646 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Fairfax, VA
As of 2024, the percent of homes in Fairfax, VA under the Section 8 program is 2.6%. 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 | 173 |
Total Units Section 8 | 161 |
% Rentals under Section 8 | 2.6% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $1,900 | $2,400 |
| 2 Bedroom | $190 | $2,510 | $2,700 |
| 3 Bedroom | $80 | $3,300 | $3,380 |
| 4 Bedroom | $280 | $3,700 | $3,980 |
Affordability — Fairfax, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $692,000 |
| Median Household Income | $135,000 |