In Fair Lakes, a typical home is worth $588,200 and typical rent is $2,419 a month. Compared with all of Fairfax County, the typical home value is 20% lower, typical household income is 17% lower, and the share of households that own their home is 8 points lower.
Fair Lakes is in Fairfax County. The FHA loan limit ($1,249,125 for a one-unit home), the fair market rents and the help on this page are those of all of Fairfax County. See the county
What this place has that others do not, from public data, most unusual first.
1
The typical home in Fair Lakes is worth $588,200,20% less than in Fairfax County as a whole ($732,800).
2
The typical household income in Fair Lakes is $127,332,17% less than in Fairfax County as a whole ($153,637).
3
61% of households in Fair Lakes own their home, against 69% in Fairfax County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Fair Lakes
What homes there are in Fair Lakes, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Fair Lakes
Fairfax County
Virginia
United States
Kind of home: Fair Lakes and its comparisons
Measure
Fair Lakes
Fairfax County
Virginia
United States
Detached house
18%
46%
61%
61%
Attached house
34%
23%
11%
6%
Building of 2 to 4
6%
2%
5%
8%
Apartments (5 or more)
43%
29%
19%
19%
Mobile home
Unreliable estimate
1%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
There are more apartments in Fair Lakes than in Fairfax County: 43% of homes, against 29%.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Fair Lakes
Fairfax County
Virginia
United States
Year built: Fair Lakes and its comparisons
Measure
Fair Lakes
Fairfax County
Virginia
United States
Before 1960
Unreliable estimate
11%
19%
26%
1960–1979
6%
33%
24%
24%
1980–1999
50%
37%
30%
25%
2000–2009
38%
11%
15%
14%
2010 or later
5%
8%
12%
11%
Here half of the homes date from 1998 or later; in Fairfax County, from 1983 or later.
There are fewer big homes in Fair Lakes than in Fairfax County: 52% have 3 bedrooms or more, against 67%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300KUnreliable
$300K–$500K29%
$500K–$750K32%
$750K–$1M12%
$1M or more17%
Value of owner-occupied homes: Fair Lakes and its comparisons
Measure
Fair Lakes
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
Unreliable estimate
$300K–$500K
29%
$500K–$750K
32%
$750K–$1M
12%
$1M or more
17%
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,99920%
$2,000–$2,49936%
$2,500–$2,99936%
$3,000 or more9%
Monthly rent with utilities: Fair Lakes and its comparisons
Measure
Fair Lakes
Under $500
Unreliable
$500–$999
Unreliable
$1,000–$1,499
Unreliable
$1,500–$1,999
20%
$2,000–$2,499
36%
$2,500–$2,999
36%
$3,000 or more
9%
With a mortgage
$2,964 a month
Fairfax County: $3,227 a month
Without a mortgage
$882 a month
Fairfax County: $1,082 a month
Owners with a mortgage
80%
Fairfax County: 72%
The typical cost for an owner with a mortgage in Fair Lakes is $2,964 a month, less than in Fairfax County ($3,227); without one, $882.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Fair Lakes+10%
Fairfax County+30%
Virginia+41%
United States+53%
Typical rent
Fair Lakes+26%
Fairfax County+21%
Virginia+28%
United States+33%
Typical household income
Fair LakesNo clear change
Fairfax County+23%
Virginia+26%
United States+29%
Change since 2015–2019: Fair Lakes and its comparisons
Measure
Fair Lakes
Fairfax County
Virginia
United States
Typical home value
+10%
+30%
+41%
+53%
Typical rent
+26%
+21%
+28%
+33%
Typical household income
No clear change
+23%
+26%
+29%
The typical home value in Fair Lakes rose 10% since 2015–2019, less than in Fairfax County (30%).
Rents in Fair Lakes rose faster than in Fairfax County: 26% since 2015–2019, against 21%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Fair Lakes and its comparisons
Measure
Fair Lakes
Fairfax County
Virginia
United States
Rental vacancy
Unreliable estimate
4.4%
4.8%
5.5%
Homeowner vacancy
Unreliable estimate
0.4%
0.8%
0.9%
More than one person per room
Unreliable estimate
3.2%
2.1%
3.4%
People per household
2.35
2.75
2.52
2.53
Drive alone
62%
55%
68%
69%
Carpool
7%
8%
8%
9%
Public transit
Unreliable estimate
5%
2%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
28%
29%
18%
15%
Other means
Unreliable estimate
2%
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Fewer people live in each home here: 2.35 on average, against 2.75 in Fairfax County.
To get to work, 62% of workers in Fair Lakes drive alone; in Fairfax County, 55%.
Do the math
What would you pay each month for a home in Fair Lakes?
A typical home costs more than the typical income allows
We start with a typical home in Fair Lakes, worth $588,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 46% of the typical household income in Fair Lakes, which is $127,332 a year. For that payment to be 28% of income, a household would need to earn about $209,499 a year.
The calculator's FHA and conventional loan limits are those of all of Fairfax County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Fair Lakes. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $20,587 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$4,888
at 7.18% · 30 years
Loan amount
$577,546
Total interest
$830,954
Paid off in
November 2056
Includes $9,933 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,971 a month
Tight
$2,971 to $3,820 a month
Hard
more than $3,820 a month
Your payment · 46%
Compared with the typical household income in Fair Lakes ($127,332 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$3,912
Property tax
$471
Home insurance
$245
FHA mortgage insurance (MIP)
$260
You need at least $20,587 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $4,888; principal and interest $3,912.
The city and its county
Fair Lakes and Fairfax County
Fair Lakes is in Fairfax County, Virginia. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Fair Lakes
Map of Fairfax County, Virginia, with Fair Lakes marked. Around it, the neighboring counties.
Fair Lakes
Fairfax County
Other cities with a page
Fair Lakes's own numbers
Typical home value
$588,200
Typical monthly rent
$2,419
Typical yearly household income
$127,332
Households that own their home
61%
Effective property tax rate
0.96%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Fairfax County
FHA limit, one-unit home
$1,249,125
Conventional limit, one unit
$1,249,125
HUD fair market rent, 2 bedrooms
$2,438
Price change over 5 years (FHFA)
+35%
Homes in a high flood-risk zone
1%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Fairfax County.
A typical home in Fair Lakes is worth $588,200: 20% below the county and 53% above Virginia. With the typical household income in Fair Lakes ($127,332 a year), a typical home costs 4.6 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Fair Lakes4.6 years
Fairfax4.8 years
Virginia4.1 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Fairfax County
According to FHFA’s house price index, home prices in Fairfax County rose 55% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Fairfax County.
Yearly change in FHFA’s price index in Fairfax County, 2016 to 2025
2016: +1.6% +1.6% 2016
2017: +2.3% +2.3% 2017
2018: +2.4% +2.4% 2018
2019: +3.8% +3.8% 2019
2020: +3.4% +3.4% 2020
2021: +7.3% +7.3% 2021
2022: +9.9% +9.9% 2022
2023: +5.3% +5.3% 2023
2024: +6.7% +6.7% 2024
2025: +2.1% +2.1% 2025
Change in FHFA’s price index in Fairfax County, Virginia and the United States
Period
County
Virginia
U.S.
Last year (2025)
+2.1%
+3.7%
+2.9%
5 years (2020–2025)
+35%
+49%
+47%
10 years (2015–2025)
+55%
+75%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Fair Lakes next to Fairfax County, Virginia and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Fair Lakes$588,200
Fairfax$732,800
Virginia$383,700
United States$332,700
Typical monthly rent
Fair Lakes$2,419
Fairfax$2,276
Virginia$1,579
United States$1,413
Typical yearly household income
Fair Lakes$127,332
Fairfax$153,637
Virginia$93,170
United States$80,734
See the full table
Fair Lakes next to Fairfax County and Virginia
Measure
Fair Lakes
Fairfax County
Virginia
U.S.
Typical home value
$588,200 ▼20% below the county
$732,800
$383,700
$332,700
Typical monthly rent
$2,419 ▲6% above the county
$2,276
$1,579
$1,413
Typical yearly household income
$127,332 ▼17% below the county
$153,637
$93,170
$80,734
Households that own their home
61% ▼8 points below the county
69%
67%
65%
Typical yearly property tax
$5,661 ▼23% below the county
$7,368
$2,790
$3,119
Effective property tax rate
0.96% ▼0.05 points below the county
1.01%
0.73%
0.94%
Renters with high rent for their income
40% ▼6 points below the county
46%
49%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Fairfax County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Fair Lakes
For a typical $588,200 home in Fair Lakes, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Fair Lakes's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$4,888a month
Least cash to close
Down payment
$20,587
Cash to close
$38,233
Rate
7.18%
Mortgage insurance
FHA MIP · $260
Conventional, 5% down$4,780a month
Down payment
$29,410
Cash to close
$47,056
Rate
7.18%
Mortgage insurance
PMI · $279
Conventional, 20% down, no PMI$3,903a month
Down payment
$117,640
Cash to close
$135,286
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$4,447a month
Down payment
$88,230
Cash to close
$105,876
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Fair Lakes
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$4,888
$20,587
$577,546
7.18%
FHA MIP · $260
$38,233
580
Conventional, 5% down
$4,780
$29,410
$558,790
7.18%
PMI · $279
$47,056
620*
Conventional, 20% down, no PMI
$3,903
$117,640
$470,560
7.18%
None
$135,286
620*
ITIN, 15% down (example)
$4,447
$88,230
$499,970
8.18%
None
$105,876
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Fair Lakes is $2,419 a month: 6% above the county. In Fair Lakes, 40% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Fairfax County, by unit size. To pay the 2-bedroom one ($2,438 a month) without spending more than 30% of your income, you would need to earn $46.88 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Fairfax County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$2,111
$40.60
$84,440
1 bedroom
$2,204
$42.38
$88,160
2 bedrooms
$2,438
$46.88
$97,520
3 bedrooms
$3,107
$59.75
$124,280
4 bedrooms
$3,658
$70.35
$146,320
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Fair Lakes
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Fair Lakes has 2 ZIP codes with their own.
For 2 bedrooms it runs from $2,820 in 22030 to $2,970 in 22033.
2 of the 2 are above the fair market rent for Fairfax County ($2,438).
Fair market rent by ZIP code and size in Fair Lakes, fiscal year 2027.
22030
$2,440
$2,550
$2,820
$3,590
$4,230
22033
$2,570
$2,690
$2,970
$3,790
$4,460
ZIP code2 bd3 bd
22030 $2,820$3,590
22033 $2,970$3,790
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Fair Lakes when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 2 HUD-approved agencies with an office in Fairfax County; none says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Fair Lakes or Fairfax County. The ones below are statewide in Virginia: they work in Fair Lakes the same as in the rest of the state.
Virginia state agency down payment grant that you do not repay; for first-time buyers, or any buyer in economic opportunity zones, with a Virginia Housing mortgage.Offered by Virginia Housing (Virginia Housing Development Authority).
Virginia Housing 30-year fixed-rate second mortgage of up to 5% of the price for the down payment (and part of the closing costs with a credit score of 680 or higher); for first-time buyers and for people who have owned a home before.Offered by Virginia Housing (Virginia Housing Development Authority).
Virginia Housing grant that you do not repay, of up to 2% of the price, for the closing costs of buyers with a Virginia Housing RD (Rural Development) or VA loan.Offered by Virginia Housing (Virginia Housing Development Authority).
No legal help resource on our list is for Fair Lakes or Fairfax County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Fair Lakes and all of Fairfax County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Fair Lakes?
The typical home value in Fair Lakes is $588,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Fairfax County it is $732,800.
How much does it cost to rent in Fair Lakes?
Typical rent in Fair Lakes is $2,419 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Fairfax County is $2,438.
What is the FHA loan limit in Fair Lakes?
Fair Lakes uses the FHA limit for all of Fairfax County (2026): $1,249,125 for a one-unit home and $2,402,625 for a four-unit home.
How much property tax do owners pay in Fair Lakes?
The typical homeowner in Fair Lakes pays $5,661 a year, according to the U.S. Census Bureau. That is 0.96% of the home’s value; in Fairfax County, the rate is 1.01%.
Where can I find free help to buy or rent in Fair Lakes?
There are 2 HUD-approved counseling agencies with an office in Fairfax County. They can help you get ready to buy, with your credit, or with rent.
