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Fairfax County Housing Market

Virginia · 133 counties · Ranked #3099 in home value

Above National Avg

Housing at a Glance

Median Home Value

$699,700

vs national+$699,700 vs $281,900 national

Median Gross Rent

$2,230/mo

vs national+$2,230 vs $1,163 national

Effective Tax Rate

1.01%

vs national1.01% vs 1.02% national

Median Household Income

$150,113

vs national+$150,113 vs $74,755 national

Affordability Ratio

4.7x

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

Rent Burden

28.0%

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

More Housing Data

Property Tax (Median)

$7,072

Tax as % of Home Value

1.01%

Monthly Owner Cost

$2,636

Renter Income

$94,354

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Frequently Asked Questions

What is the median home value in Fairfax County?

The median home value in Fairfax County is $699,700. This is above the national median of $281,900.

How much is rent in Fairfax County?

The median gross rent in Fairfax County is $2,230 per month.

What is the property tax rate in Fairfax County?

The effective property tax rate in Fairfax County is 1.01%. The median annual property tax bill is $7,072.

Is Fairfax County affordable?

With a home-value-to-income ratio of 4.7x, Fairfax County is moderately affordable 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.