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Fairfax city Housing Market

Virginia · 133 counties · Ranked #3094 in home value

Above National Avg

Housing at a Glance

Median Home Value

$677,400

vs national+$677,400 vs $281,900 national

Median Gross Rent

$2,122/mo

vs national+$2,122 vs $1,163 national

Effective Tax Rate

0.94%

vs national0.94% vs 1.02% national

Median Household Income

$132,774

vs national+$132,774 vs $74,755 national

Affordability Ratio

5.1x

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

29.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$6,392

Tax as % of Home Value

0.94%

Monthly Owner Cost

$2,611

Renter Income

$65,902

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Frequently Asked Questions

What is the median home value in Fairfax city?

The median home value in Fairfax city is $677,400. This is above the national median of $281,900.

How much is rent in Fairfax city?

The median gross rent in Fairfax city is $2,122 per month.

What is the property tax rate in Fairfax city?

The effective property tax rate in Fairfax city is 0.94%. The median annual property tax bill is $6,392.

Is Fairfax city affordable?

With a home-value-to-income ratio of 5.1x, Fairfax city is considered expensive compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.