The housing market in Fairfax City, VA County is an attractive option for those seeking to invest in real estate. According to current estimates, the median value of a home in Fairfax City is approximately $642,500. This is significantly higher than the national median house value of $338,100. While the US has seen an overall year-over-year appreciation rate of 8.27%, homes in Fairfax City experienced appreciations at a slightly lower rate of 3.59%. With this information in mind, one should carefully consider if investing in real estate in Fairfax City makes sense for them financially.
The median home cost in Fairfax City County is $642,500. Home appreciation the last 10 years has been 55.5%. Home Appreciation in Fairfax City County is up 8.6%.
Average Age of Homes
- The median age of Fairfax City County real estate is 50 years old
The Rental Market in Fairfax City County
- Renters make up 29.0% of the Fairfax City County population
- 0.5% of houses and apartments in Fairfax City County, 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.