Fairfax city, Virginia Housing Market
In Fairfax city, Virginia, the median home value is $722,600, with a median monthly rent of $2,245. This places Fairfax city at #47 nationally out of 3134 counties by median home value, and #6 within Virginia.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,266
- Establishments: 1,738
- BLS QCEW, 2025
Housing Supply
- Single-family: 89
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 11,049 (avg $135,606)
- Outflow: 10,420 (avg $135,853)
- IRS Statistics of Income
🔗 Explore Fairfax city on Our Sister Sites
Get the complete picture for Fairfax city — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Fairfax city Compares
| Metric | Fairfax city | Virginia Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $722,600 | $295,807 | $227,706 |
| Median Gross Rent | $2,245 | $1,169 | $968 |
| Owner Occupancy Rate | 69.9% | 70.8% | 73.3% |
| Price/Rent Ratio | 26.8 | 20.3 | 18.7 |
Market Analysis
The median home value in Fairfax city is 144.3% above the Virginia state average and 217.3% above the U.S. national average. The median rent of $2,245/month is 92.0% above the state average.
With a price-to-rent ratio of 26.8, Fairfax city is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Fairfax city has an owner-occupancy rate of 69.9%, compared to 70.8% in Virginia and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Queens County | New York | $723,800 | $1,956 |
| San Miguel County | Colorado | $720,700 | $1,149 |
| Middlesex County | Massachusetts | $727,800 | $2,201 |
| Douglas County | Colorado | $713,600 | $2,193 |
| Fairfax County | Virginia | $732,800 | $2,276 |
Other Counties in Virginia
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Fairfax County | $732,800 | $2,276 | 68.6% |
| Alexandria city | $735,100 | $2,089 | 42.1% |
| Loudoun County | $743,800 | $2,386 | 77.9% |
| Fauquier County | $573,700 | $1,613 | 78.8% |
| Arlington County | $895,000 | $2,322 | 41.3% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).