Fairfax County, Virginia Housing Market

In Fairfax County, Virginia, the median home value is $732,800, with a median monthly rent of $2,276. This places Fairfax County at #44 nationally out of 3134 counties by median home value, and #5 within Virginia.

Median Home Value $732,800
Median Rent $2,276/mo
Owner Occupancy 68.6%
Price/Rent Ratio 26.8

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Fairfax County rose +2.1% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

548,490
jobs (private sector)
  • Avg weekly wage: $2,265
  • Establishments: 38,464
  • BLS QCEW, 2025
🏗️

Housing Supply

2,862
new units authorized (2025)
  • Single-family: 740
  • Multi-family: 2,122
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+2684
net migration (filers, 2021-2022)
  • Inflow: 477,681 (avg $169,203)
  • Outflow: 474,997 (avg $170,253)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 10 active ZIP codes in Fairfax County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 22066 261.8 +4.45% 2025
2 20191 327.9 -6.43% 2025
3 22182 342.2 +12.20% 2025
4 22181 361.3 +14.26% 2025
5 22180 392.3 +7.13% 2025
6 20124 288.7 +10.57% 2025
7 20171 298.6 +7.56% 2025
8 22039 280.0 +5.21% 2025
9 22043 386.3 +4.50% 2025
10 22046 382.1 +10.61% 2025

Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.

How Fairfax County Compares

MetricFairfax CountyVirginia AverageU.S. Average
Median Home Value $732,800 $295,807 $227,706
Median Gross Rent $2,276 $1,169 $968
Owner Occupancy Rate 68.6% 70.8% 73.3%
Price/Rent Ratio 26.8 20.3 18.7

Market Analysis

The median home value in Fairfax County is 147.7% above the Virginia state average and 221.8% above the U.S. national average. The median rent of $2,276/month is 94.7% above the state average.

With a price-to-rent ratio of 26.8, Fairfax County 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 County has an owner-occupancy rate of 68.6%, 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

CountyStateMedian Home ValueMedian Rent
Alexandria city Virginia $735,100 $2,089
Blaine County Idaho $735,300 $1,338
District of Columbia District of Columbia $737,100 $1,954
Middlesex County Massachusetts $727,800 $2,201
Ouray County Colorado $739,800 $1,786

Other Counties in Virginia

CountyMedian Home ValueMedian RentOwner Occ.
Alexandria city $735,100 $2,089 42.1%
Fairfax city $722,600 $2,245 69.9%
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).