Fairfax County
Virginia · Pop. 1,150,309
Ranked #167 of 200 counties
28Crisis
Median Home Price
🏠$650K
2.8% YoY
Median Rent
🔑$2,200
Median Income
💰$122K
Rent Burden
📊25.0%
% of income to rent
Housing Shortage
🏗️12,000
estimated unit deficit
Building Permits (2024)
📋5,500
Price-to-Income Ratio
⚖️5.3x
Homeownership Rate
🏡68.5%
How Fairfax County Compares
| Metric | Fairfax County | Virginia | National |
|---|---|---|---|
| Home Price | $650K | $383K | $410K |
| Rent | $2,200 | $1,567 | $1,500 |
| Income | $122K | $90K | $75K |
| Rent Burden | 25.0% | 31.0% | 30.0% |
| Homeownership | 68.5% | 68.0% | 65.0% |
Key Takeaways
- • Home prices are 59% above the national average.
- • Rent is 47% above the national average.
- • The county has an estimated housing shortage of 12,000 units.
- • 5,500 building permits were issued in 2024.
- • Year-over-year home prices changed by 2.8%.