Fairlawn, VA has a median housing value of $242,300, which is lower than the median value for the US as a whole ($338,100). However, Fairlawn has experienced greater appreciation in the past year (15.80%) than the US house appreciation rate of 8.27%. This suggests that Fairlawn is an attractive market for investors and potential homeowners alike due to its robust growth in housing prices.
The median home cost in Fairlawn is $242,300. Home appreciation the last 10 years has been 55.9%. Home Appreciation in Fairlawn is up 15.8%.
Average Age of Homes
- The median age of Fairlawn real estate is 35 years old
The Rental Market in Fairlawn
- Renters make up 21.6% of the Fairlawn population
- 4.0% of houses and apartments in Fairlawn, 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.