In Fairwood, a typical home is worth $733,200 and typical rent is $2,233 a month. Compared with all of King County, the typical home value is 15% lower, typical rent is 7% higher, and the share of households that own their home is 19 points higher.
Fairwood is in King County. The FHA loan limit ($1,063,750 for a one-unit home), the fair market rents and the help on this page are those of all of King County. See the county
What this place has that others do not, from public data, most unusual first.
1
74% of households in Fairwood own their home, against 55% in King County.
2
Nearby, in Bryn Mawr-Skyway, the typical rent is $1,760: 21% less than in Fairwood ($2,233).
3
Nearby, in Kent, the typical home value is $587,800: 20% less than in Fairwood ($733,200).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Fairwood
What homes there are in Fairwood, 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
Fairwood
King County
Washington
United States
Kind of home: Fairwood and its comparisons
Measure
Fairwood
King County
Washington
United States
Detached house
68%
50%
62%
61%
Attached house
Unreliable estimate
5%
4%
6%
Building of 2 to 4
5%
5%
6%
8%
Apartments (5 or more)
23%
38%
22%
19%
Mobile home
Unreliable estimate
1%
6%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
In Fairwood, 7 in 10 homes are single-family detached houses; in King County, 5.
Year built
Before 19601960–19791980–19992000–20092010 or later
Fairwood
King County
Washington
United States
Year built: Fairwood and its comparisons
Measure
Fairwood
King County
Washington
United States
Before 1960
3%
23%
21%
26%
1960–1979
43%
23%
23%
24%
1980–1999
38%
25%
27%
25%
2000–2009
11%
13%
15%
14%
2010 or later
5%
16%
14%
11%
By age, homes in Fairwood look like those in King County: the typical year built is 1982.
In Fairwood, 73% of homes have 3 bedrooms or more, more than in King County (50%).
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–$300K4%
$300K–$500K8%
$500K–$750K38%
$750K–$1M41%
$1M or more7%
Value of owner-occupied homes: Fairwood and its comparisons
Measure
Fairwood
Under $100K
Unreliable estimate
$100K–$200K
Unreliable estimate
$200K–$300K
4%
$300K–$500K
8%
$500K–$750K
38%
$750K–$1M
41%
$1M or more
7%
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,99922%
$2,000–$2,49938%
$2,500–$2,99915%
$3,000 or more15%
Monthly rent with utilities: Fairwood and its comparisons
Measure
Fairwood
Under $500
Unreliable estimate
$500–$999
Unreliable
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
22%
$2,000–$2,499
38%
$2,500–$2,999
15%
$3,000 or more
15%
With a mortgage
$2,826 a month
King County: $3,273 a month
Without a mortgage
$1,021 a month
King County: $1,116 a month
Owners with a mortgage
68%
King County: 70%
Owning costs less in Fairwood: with a mortgage, the typical cost is $2,826 a month; in King County, $3,273. Without one, $1,021.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Fairwood+73%
King County+57%
Washington+67%
United States+53%
Typical rent
Fairwood+30%
King County+30%
Washington+40%
United States+33%
Typical household income
Fairwood+25%
King County+31%
Washington+33%
United States+29%
Change since 2015–2019: Fairwood and its comparisons
Measure
Fairwood
King County
Washington
United States
Typical home value
+73%
+57%
+67%
+53%
Typical rent
+30%
+30%
+40%
+33%
Typical household income
+25%
+31%
+33%
+29%
The typical home value in Fairwood rose 73% since 2015–2019, more than in King County (57%).
Rents in Fairwood rose at about the same pace as in King County: 30% since 2015–2019, against 30%.
Housing prices ran ahead of income in Fairwood: typical income rose 25%, against +73% for home values and +30% for rent.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Fairwood and its comparisons
Measure
Fairwood
King County
Washington
United States
Rental vacancy
Unreliable estimate
5.3%
4.5%
5.5%
Homeowner vacancy
Unreliable estimate
0.7%
0.7%
0.9%
More than one person per room
Unreliable estimate
3.9%
3.5%
3.4%
People per household
2.57
2.39
2.50
2.53
Drive alone
60%
50%
63%
69%
Carpool
11%
7%
9%
9%
Public transit
Unreliable estimate
7%
3%
3%
Walk or bike
Unreliable estimate
5%
4%
3%
Work from home
27%
29%
20%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
30 to 39 minutes
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
On average, a household in Fairwood has 2.57 people, more than in King County (2.39).
More people carpool to work in Fairwood than in King County: 11% against 7%.
Do the math
What would you pay each month for a home in Fairwood?
A typical home costs more than the typical income allows
We start with a typical home in Fairwood, worth $733,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 60% of the typical household income in Fairwood, which is $122,134 a year. For that payment to be 28% of income, a household would need to earn about $260,096 a year.
The calculator's FHA and conventional loan limits are those of all of King 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 Fairwood. 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 $25,662 (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
$6,069
at 7.18% · 30 years
Loan amount
$719,920
Total interest
$1,035,796
Paid off in
November 2056
Includes $12,382 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,850 a month
Tight
$2,850 to $3,664 a month
Hard
more than $3,664 a month
Your payment · 60%
Compared with the typical household income in Fairwood ($122,134 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$4,877
Property tax
$562
Home insurance
$306
FHA mortgage insurance (MIP)
$324
You need at least $25,662 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 $6,069; principal and interest $4,877.
The city and its county
Fairwood and King County
Fairwood is in King County, Washington. 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).
Fairwood
Map of King County, Washington, with Fairwood marked. Around it, the neighboring counties.
Fairwood
King County
Other cities with a page
Fairwood's own numbers
Typical home value
$733,200
Typical monthly rent
$2,233
Typical yearly household income
$122,134
Households that own their home
74%
Effective property tax rate
0.92%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of King County
FHA limit, one-unit home
$1,063,750
Conventional limit, one unit
$1,063,750
HUD fair market rent, 2 bedrooms
$2,549
Price change over 5 years (FHFA)
+37%
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 King County.
A typical home in Fairwood is worth $733,200: 15% below the county and 30% above Washington. With the typical household income in Fairwood ($122,134 a year), a typical home costs 6.0 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.
Fairwood6.0 years
King6.9 years
Washington5.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in King County
According to FHFA’s house price index, home prices in King County rose 101% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of King County.
Yearly change in FHFA’s price index in King County, 2016 to 2025
2016: +13.4% +13.4% 2016
2017: +12.7% +12.7% 2017
2018: +9.2% +9.2% 2018
2019: +1.8% +1.8% 2019
2020: +3.5% +3.5% 2020
2021: +11.3% +11.3% 2021
2022: +15.8% +15.8% 2022
2023: +0.2% +0.2% 2023
2024: +4.8% +4.8% 2024
2025: +0.9% +0.9% 2025
Change in FHFA’s price index in King County, Washington and the United States
Period
County
Washington
U.S.
Last year (2025)
+0.9%
+1.8%
+2.9%
5 years (2020–2025)
+37%
+44%
+47%
10 years (2015–2025)
+101%
+113%
+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
Fairwood next to King County, Washington and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Fairwood$733,200
King$859,900
Washington$564,600
United States$332,700
Typical monthly rent
Fairwood$2,233
King$2,092
Washington$1,760
United States$1,413
Typical yearly household income
Fairwood$122,134
King$124,746
Washington$98,141
United States$80,734
See the full table
Fairwood next to King County and Washington
Measure
Fairwood
King County
Washington
U.S.
Typical home value
$733,200 ▼15% below the county
$859,900
$564,600
$332,700
Typical monthly rent
$2,233 ▲7% above the county
$2,092
$1,760
$1,413
Typical yearly household income
$122,134 ▼2% below the county
$124,746
$98,141
$80,734
Households that own their home
74% ▲19 points above the county
55%
64%
65%
Typical yearly property tax
$6,771 ▼5% below the county
$7,114
$4,556
$3,119
Effective property tax rate
0.92% ▲0.09 points above the county
0.83%
0.81%
0.94%
Renters with high rent for their income
48% ▲2 points above the county
47%
50%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below King 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 Fairwood
For a typical $733,200 home in Fairwood, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Fairwood's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$6,069a month
Least cash to close
Down payment
$25,662
Cash to close
$47,658
Rate
7.18%
Mortgage insurance
FHA MIP · $324
Conventional, 5% down$5,934a month
Down payment
$36,660
Cash to close
$58,656
Rate
7.18%
Mortgage insurance
PMI · $348
Conventional, 20% down, no PMI$4,841a month
Down payment
$146,640
Cash to close
$168,636
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$5,519a month
Down payment
$109,980
Cash to close
$131,976
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Fairwood
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$6,069
$25,662
$719,920
7.18%
FHA MIP · $324
$47,658
580
Conventional, 5% down
$5,934
$36,660
$696,540
7.18%
PMI · $348
$58,656
620*
Conventional, 20% down, no PMI
$4,841
$146,640
$586,560
7.18%
None
$168,636
620*
ITIN, 15% down (example)
$5,519
$109,980
$623,220
8.18%
None
$131,976
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 Fairwood is $2,233 a month: 7% above the county. In Fairwood, 48% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of King County, by unit size. To pay the 2-bedroom one ($2,549 a month) without spending more than 30% of your income, you would need to earn $49.02 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 King County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$2,091
$40.21
$83,640
1 bedroom
$2,180
$41.92
$87,200
2 bedrooms
$2,549
$49.02
$101,960
3 bedrooms
$3,324
$63.92
$132,960
4 bedrooms
$3,954
$76.04
$158,160
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 Fairwood
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Fairwood is in ZIP code 98058.
For 2 bedrooms it is $2,630: $81 more than the fair market rent for King County ($2,549).
Fair market rent by ZIP code and size in Fairwood, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
98058
$2,160
$2,250
$2,630
$3,430
$4,080
ZIP code2 bd3 bd
98058 $2,630$3,430
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Fairwood 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 4 HUD-approved agencies with an office in King County; 3 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Fairwood or King County. The ones below are statewide in Washington: they work in Fairwood the same as in the rest of the state.
Washington state commission 0% second mortgage for 3%, 4% or 5% of the first mortgage, with no monthly payments; you do not need to be a first-time buyer.Offered by Washington State Housing Finance Commission.
Washington state commission loan with no monthly payments of up to 20% of the price (maximum $150,000) plus closing costs, for first-time buyers whose family lived in Washington before 1968 and belonged to a group affected by housing discrimination, including Hispanic people.Offered by Washington State Housing Finance Commission.
Washington state commission loan of up to $15,000 at 1% simple interest, with no monthly payments, for the down payment and closing costs of first-time buyers with the House Key Opportunity mortgage.Offered by Washington State Housing Finance Commission.
No legal help resource on our list is for Fairwood or King 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 Fairwood and all of King 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 Fairwood?
The typical home value in Fairwood is $733,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in King County it is $859,900.
How much does it cost to rent in Fairwood?
Typical rent in Fairwood is $2,233 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in King County is $2,549.
What is the FHA loan limit in Fairwood?
Fairwood uses the FHA limit for all of King County (2026): $1,063,750 for a one-unit home and $2,045,700 for a four-unit home.
How much property tax do owners pay in Fairwood?
The typical homeowner in Fairwood pays $6,771 a year, according to the U.S. Census Bureau. That is 0.92% of the home’s value; in King County, the rate is 0.83%.
Where can I find free help to buy or rent in Fairwood?
There are 4 HUD-approved counseling agencies with an office in King County. 3 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
