Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$768,671+2.7% YoY · prices are rising
Market right nowBalanced, leaning sellers0% have cut their price
Income needed to buy, per year$166,632About 1.3× the local median income ($126,239): a stretch for a typical household
Days on market1 days
Next 12 months+0.6%Zillow expects prices to rise slightly
The typical home in Fairfax City, VA is worth $768,671, up 2.7% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $727,905, so the area is 5.6% overvalued. It is a balanced market, leaning toward sellers: homes take about 1 days to sell, 0% of listings have had a price cut. Zillow expects prices to rise about 0.6% over the next year. A household needs about $166,632 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $126,239. Typical rent is $2,457 a month, or $3,278 for a house. In the latest IRS figures, 199 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$768,671
Change in 1 year
+2.7%
Overvalued %
+5.6%
Show 7 more
Fair home value
$727,905
Change in 5 years
+21.5%
Zillow forecast, next 12 months
+0.6%
Home value to income
6.1×
Monthly mortgage payment (20% down)
$4,166
Income needed to afford it
$166,632
Property tax rate
0.90%
Rent and investing
Typical rent
$2,457
Typical rent for houses
$3,278
Price-to-rent ratio
26.1×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$2,438
Gross rental yield
3.84%
Cap rate (estimate)
2.49%
Market activity
Days on market
1
Listings with a price cut
0.0%
Homes for sale
0
Show 1 more
Asking price per sq ft
$443
People and jobs
Median household income
$126,239
Population change (1 year)
+2.8%
Unemployment rate
3.3%
Show 4 more
Population
26,772
Income adjusted for cost of living
$115,922
Net moves in (IRS)
+199
Cost of living (US = 100)
108.9
Schools, risk and environment
School rating (1 to 10)
6.1
FEMA hazard risk score (0 to 100)
5.3
Flood risk score
13.5
Show 3 more
Wildfire risk score
1.0
Walkability (1 to 20)
15.7
Road, rail and air noise
54 dB
Questions people ask
Is Fairfax City, VA overvalued?
Home prices in Fairfax City, VA are slightly above what local incomes have historically supported: fair value is about $727,905, so the area is 5.6% overvalued.
Is Fairfax City, VA a buyer's or seller's market?
Fairfax City, VA is a balanced market, leaning toward sellers: homes take about 1 days to sell, 0% of listings have had a price cut.
Are home prices going down in Fairfax City, VA?
Home values in Fairfax City, VA are up 2.7% over the last year. Zillow's forecast for the next 12 months is +0.6%.
How much do you need to earn to buy a home in Fairfax City, VA?
A household needs about $166,632 a year to afford the typical home in Fairfax City, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $126,239.