Housing in Fair Lakes, VA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$470,000
Median List Price
$949,998
Price Per Sq Ft
$350
Days on Market
131
Active Inventory
17
Months of Supply
3.4
Seller's market
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
20.0%
Off Market in 2 Weeks
50.0%
Sale-to-List Ratio
98.7%
Buyer's market
Market Activity
Source: RedfinHomes Sold
5
New Listings
4
Pending Sales
4
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$350
Median List $/SF
$384
Fair Lakes vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Fair Lakes is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$575,500
Median Rent
$2,325
Total Housing Units
3,643
Vacancy Rate
0.9%
Owner Occupied
61.6%
Renter Occupied
38.4%
Median Property Tax
$5,064
per year
Monthly Cost (w/ Mortgage)
$2,724
Housing Types
The current median sale price in Fair Lakes, VA is $470,000 according to Redfin data. Homes spend a median of 131 days on the market. 20.0% of homes sold above asking price. The market has 3.4 months of supply. The median price per square foot is $350. The median rent is $2,325 per month (Census ACS). About 61.6% of housing units are owner-occupied. The median year homes were built is 1998. There are 3,643 total housing units.