Fairfax Station, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Fairfax Station Neighborhoods Since 2000




Fairfax Station, VA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Fairfax Station Housing Market Information

With 12,649 people, 3,963 houses or apartments, and a median cost of homes of $683,293, Fairfax Station house prices are not only among the most expensive in Virginia, Fairfax Station real estate also is some of the most expensive in all of America.

Fairfax Station is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Fairfax Station than is found in 98% of the communities in America.

The large homes that make up Fairfax Station are primarily owner-occupied ( 90.93%).

There is a lot of housing in Fairfax Station built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Fairfax Station built between 1940-1969 ( 7.05%). A lesser amount of the housing stock also hails from between 2000 and later ( 3.99%).

Fairfax Station Home Appreciation Rates

Real estate appreciation rates in Fairfax Station's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.31% during the period.

Over the last year, Fairfax Station appreciation rates have trailed the rest of the nation. In the last twelve months, Fairfax Station's appreciation rate has been 1.18%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Fairfax Station were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Virginia, our data show that Fairfax Station's latest annual appreciation rate is lower than 50% of the other cities and towns in Virginia.

Average Home Values

 

Median Home Value:
$683,293

Fairfax Station, VA HOME PRICES

Value Range
> $1,095,000 7.5
$821,001 - $1,095,000 21.5
$548,001 - $821,000 48.6
$438,001 - $548,000 8.3
$329,001 - $438,000 10.0
$219,001 - $329,000 1.9
$110,001 - $219,000 1.6
$55,001 - $110,000 0.0
$0 - $55,000 0.6

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
2.83018867924528 1.93905817174515

Number Of Homes And Apartments:
3,963

Fairfax Station Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
91.20% 3.83% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,599 / per month

Homeownership Rate

Homeownership
Owners 90.93
Renters 9.07
Vacant 2.34

Housing Market Details

 

Age of Homes

AGE OF Fairfax Station HOMES
2000 or Newer 4.0
1970 - 1999 88.6
1940 - 1969 7.0
1939 or Older 0.3

Types of Homes

TYPE OF Fairfax Station HOMES
Single-Family 84.8
Townhomes 14.8
Small Apt. Buildings 0.0
Apt. Complexes 0.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Fairfax Station HOMES
No Bedroom 0.00
1 Bedroom 0.99
2 Bedrooms 1.60
3 Bedrooms 20.43
4 Bedrooms 54.56
5 or more bedrooms 22.42