Living in Fairlawn, Virginia
Cost of living, income, home prices, rent and demographics of Fairlawn · Census data 2020–2024
Fairlawn has 2,488 residents with a median age of 55.1. The median household income is $66,918 (28% lower than the Virginia median), the median home value is $243,500, the median rent is $1,621/month.
Fairlawn at a glance
- Population
- 2,488
- Median age
- 55.1State: 39
- Median household income
- $66,918State: $93,170
- Median home value
- $243,500State: $383,700
- Median rent
- $1,621/moState: $1,579
- Homeowners
- 83.6%
- Bachelor's degree or higher
- 42.2%
- Average commute
- 22 min
Is Fairlawn a good place to live?
Pros: Home values 37% lower than the state median; an average commute of 22 minutes; unemployment of 3.7%; a poverty rate of 4.9%.
Cons: Median household income 28% lower than the Virginia median.
The weather is best in May–June and August–September.
Cost of living in Fairlawn
Housing is the biggest part of the cost of living. In Fairlawn the median home value is $243,500, 27% lower than the U.S. median. Renters pay a median of $1,621 per month, which is 34.5% of household income. Homeowners with a mortgage pay $1,558 a month in housing costs.
Fairlawn median household income
The median household income in Fairlawn is $66,918 and the income per person is $43,693. 4.9% of residents live below the poverty line (Virginia: 9.9%).
Housing in Fairlawn: homes for sale and rent
- Housing units
- 1,402
- Owner-occupied
- 83.6%
- Renter-occupied
- 16.4%
- Vacant
- 11.1%Includes seasonal homes
- Median year built
- 1977
- Average household size
- 2.00
Fairlawn demographics
- Population
- 2,488
- Median age
- 55.1
- Under 18
- 16.5%
- 65 and older
- 31.1%
- Households
- 1,246
- Foreign-born
- 1.5%
- Veterans
- 11.9%Adults 18+
Hispanic or Latino can be of any race. Population history of Fairlawn ›
Education in Fairlawn
42.2% of adults 25 and older in Fairlawn have a bachelor's degree or higher (Virginia: 42.2%), and 16% have a graduate or professional degree.
Jobs and commute in Fairlawn
- Unemployment rate
- 3.7%State: 4.3%
- Average commute
- 22 minState: 27 min
- Work from home
- 2.1%
- Drive alone
- 84.4%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 91.2%
Fairlawn vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fairlawn | 2,488 | $66,918 | $243,500 | $1,621 |
| Radford | 16,726 | $57,348 | $220,700 | $1,033 |
| Belview | 990 | $55,288 | — | $1,289 |
| Plum Creek | 1,068 | $41,603 | — | $1,169 |
| New River | 268 | $41,628 | $133,600 | — |
| Prices Fork | 900 | $69,063 | $300,000 | $1,084 |
| Belspring | 152 | $61,053 | $319,700 | — |
| Merrimac | 2,733 | $53,611 | — | $1,101 |
| Christiansburg | 22,720 | $77,147 | $252,600 | $1,181 |
More for people moving to Fairlawn
Fairlawn ZIP code ›Weather and climate ›Living in Fairlawn: FAQ
What is the median household income in Fairlawn, VA?
The median household income in Fairlawn is $66,918, 28% lower 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 Fairlawn?
The median home value in Fairlawn is $243,500, compared with $383,700 in Virginia.
How much is rent in Fairlawn?
The median gross rent in Fairlawn is $1,621 per month, about 34.5% of household income.
Is Fairlawn, VA a good place to live?
Pluses: home values 37% lower than the state median; an average commute of 22 minutes; unemployment of 3.7%; a poverty rate of 4.9%. Minuses: median household income 28% lower than the Virginia median.
What is the median age in Fairlawn?
The median age in Fairlawn is 55.1 years (Virginia: 39).
How long is the commute in Fairlawn?
The average commute to work in Fairlawn is 22 minutes; 2.1% of workers work from home.
What is the unemployment rate in Fairlawn?
The unemployment rate in Fairlawn is 3.7% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fairlawn?
42.2% of adults in Fairlawn 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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