Living in Fair Lakes, Virginia
Cost of living, income, home prices, rent and demographics of Fair Lakes · Census data 2020–2024
Fair Lakes has 8,894 residents with a median age of 40.1. The median household income is $127,332 (37% higher than the Virginia median), the median home value is $588,200, the median rent is $2,419/month.
Fair Lakes at a glance
- Population
- 8,894
- Median age
- 40.1State: 39
- Median household income
- $127,332State: $93,170
- Median home value
- $588,200State: $383,700
- Median rent
- $2,419/moState: $1,579
- Homeowners
- 61.1%
- Bachelor's degree or higher
- 65.5%
- Average commute
- 29 min
Is Fair Lakes a good place to live?
Pros: Median household income 37% higher than the Virginia median; unemployment of 2.5%; a poverty rate of 5.5%.
Cons: Home values 53% higher than the state median; an average commute of 29 minutes.
The weather is best in June to September.
Cost of living in Fair Lakes
Housing is the biggest part of the cost of living. In Fair Lakes the median home value is $588,200, 77% higher than the U.S. median. Renters pay a median of $2,419 per month, which is 24.8% of household income. Homeowners with a mortgage pay $2,964 a month in housing costs.
Fair Lakes median household income
The median household income in Fair Lakes is $127,332 and the income per person is $67,841. 5.5% of residents live below the poverty line (Virginia: 9.9%).
Housing in Fair Lakes: homes for sale and rent
- Housing units
- 3,774
- Owner-occupied
- 61.1%
- Renter-occupied
- 38.9%
- Vacant
- 0%Includes seasonal homes
- Median year built
- 1998
- Average household size
- 2.35
Fair Lakes demographics
- Population
- 8,894
- Median age
- 40.1
- Under 18
- 18%
- 65 and older
- 14.1%
- Households
- 3,774
- Foreign-born
- 43.1%
- Veterans
- 6.3%Adults 18+
Hispanic or Latino can be of any race. Population history of Fair Lakes ›
Education in Fair Lakes
65.5% of adults 25 and older in Fair Lakes have a bachelor's degree or higher (Virginia: 42.2%), and 30.6% have a graduate or professional degree.
Jobs and commute in Fair Lakes
- Unemployment rate
- 2.5%State: 4.3%
- Average commute
- 29 minState: 27 min
- Work from home
- 28.1%
- Drive alone
- 61.9%
- Public transit
- 1.3%
- Walk to work
- 1.5%
- Homes with broadband
- 98.3%
Fair Lakes vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fair Lakes | 8,894 | $127,332 | $588,200 | $2,419 |
| Greenbriar | 8,243 | $142,634 | $662,500 | $2,324 |
| Fair Oaks | 35,545 | $123,947 | $608,200 | $2,275 |
| Navy | 3,839 | $238,676 | $1,004,000 | — |
| Braddock | 6,536 | $211,689 | $941,600 | $2,419 |
| Centreville | 71,706 | $139,510 | $590,500 | $2,299 |
| Union Mill | 4,484 | $250,001 | $961,400 | $2,365 |
| Chantilly | 24,036 | $157,124 | $663,600 | $2,312 |
| Franklin Farm | 18,736 | $215,544 | $829,600 | $2,625 |
More for people moving to Fair Lakes
Fair Lakes ZIP code ›Weather and climate ›Living in Fair Lakes: FAQ
What is the median household income in Fair Lakes, VA?
The median household income in Fair Lakes is $127,332, 37% higher than the Virginia median of $93,170 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Fair Lakes?
The median home value in Fair Lakes is $588,200, compared with $383,700 in Virginia.
How much is rent in Fair Lakes?
The median gross rent in Fair Lakes is $2,419 per month, about 24.8% of household income.
Is Fair Lakes, VA a good place to live?
Pluses: median household income 37% higher than the Virginia median; unemployment of 2.5%; a poverty rate of 5.5%. Minuses: home values 53% higher than the state median; an average commute of 29 minutes.
What is the median age in Fair Lakes?
The median age in Fair Lakes is 40.1 years (Virginia: 39).
How long is the commute in Fair Lakes?
The average commute to work in Fair Lakes is 29 minutes; 28.1% of workers work from home.
What is the unemployment rate in Fair Lakes?
The unemployment rate in Fair Lakes is 2.5% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fair Lakes?
65.5% of adults in Fair Lakes have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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