Housing in Fairfax, VA is considerably more expensive than the national median value of $338,100. The median house value in Fairfax is $654,200, which indicates that it is a desirable location to live. However, the appreciation rate for housing in Fairfax over the past year was only 3.59%, much lower than the US average of 8.27%. This means that while housing in Fairfax is still expensive, it may not be an ideal investment at this time.
The median home cost in Fairfax is $654,200. Home appreciation the last 10 years has been 55.5%. Home Appreciation in Fairfax is up 8.6%.
Average Age of Homes
- The median age of Fairfax real estate is 50 years old
The Rental Market in Fairfax
- Renters make up 29.0% of the Fairfax population
- 0.5% of houses and apartments in Fairfax, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.