Fair Oaks, VA is a beautiful community situated in Northern Virginia. It offers a range of housing options for families and individuals looking to settle down in the area. The median value of homes in Fair Oaks is $565,200, which is significantly higher than the US House Median Value of $338,100. Although the US 1 year house appreciation rate is 8.27%, Fair Oaks has seen a slightly lower growth rate at 3.60%. This shows that while there may be potential for growth in the value of homes in Fair Oaks, it does not quite match up with the national average. Despite this slight decrease in appreciation, Fair Oaks still remains an attractive option for those seeking a home or investment opportunity in Northern Virginia.
The median home cost in Fair Oaks is $565,200. Home appreciation the last 10 years has been 55.6%. Home Appreciation in Fair Oaks is up 8.7%.
Average Age of Homes
- The median age of Fair Oaks real estate is 21 years old
The Rental Market in Fair Oaks
- Renters make up 52.0% of the Fair Oaks population
- 1.7% of houses and apartments in Fair Oaks, 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.