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Fairfax City

Learn about the people, housing, costs and businesses in Fairfax City

Median Home$723,441
Median Rent$2,198/month
Population25,026
Leading IndustriesArts, Food & Hospitality · Healthcare · Education23% arts, food & hospitality
Home Value Growth⬆⬆+16.1% over 2 years
Family-Friendly25% of residentsabove average nationally
Homeowners70% of occupied units
NotableAmenity Score87/100 · highly walkable area
NotableHigh Incomes$140k/year · top 1% nationally
Fairfax City
VA

Frequently Asked Questions

What are today's mortgage rates in Fairfax City?

Mortgage rates for Fairfax City are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Fairfax City
What is the median home price in Fairfax City?

The median home value in Fairfax City is $723k. The median monthly rent is $2,198. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fairfax City?

Home values in Fairfax City have increased 16.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Fairfax City?

Based on a typical all-in ownership cost of $2,382/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $102k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fairfax City is $140k/year.

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What industries drive the economy in Fairfax City?

The largest employment sectors in Fairfax City are healthcare (28%) and arts, food, and hospitality (23%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.

Nearby Areas

Adjacent counties and areas