Living in Fairwood, Washington
Cost of living, income, home prices, rent and demographics of Fairwood · Census data 2020–2024
Fairwood has 17,856 residents with a median age of 38.5. The median household income is $122,134 (24% higher than the Washington median), the median home value is $733,200, the median rent is $2,233/month.
Fairwood at a glance
- Population
- 17,856
- Median age
- 38.5State: 38.3
- Median household income
- $122,134State: $98,141
- Median home value
- $733,200State: $564,600
- Median rent
- $2,233/moState: $1,760
- Homeowners
- 73.9%
- Bachelor's degree or higher
- 50.3%
- Average commute
- 34 min
Is Fairwood a good place to live?
Pros: Median household income 24% higher than the Washington median; a poverty rate of 8.4%.
Cons: Home values 30% higher than the state median; an average commute of 34 minutes; unemployment of 5.3%.
The weather is best in June to September.
Cost of living in Fairwood
Housing is the biggest part of the cost of living. In Fairwood the median home value is $733,200, 120% higher than the U.S. median. Renters pay a median of $2,233 per month, which is 29.2% of household income. Homeowners with a mortgage pay $2,826 a month in housing costs.
Fairwood median household income
The median household income in Fairwood is $122,134 and the income per person is $60,330. 8.4% of residents live below the poverty line (Washington: 9.9%).
Housing in Fairwood: homes for sale and rent
- Housing units
- 7,240
- Owner-occupied
- 73.9%
- Renter-occupied
- 26.1%
- Vacant
- 4.4%Includes seasonal homes
- Median year built
- 1982
- Average household size
- 2.57
Fairwood demographics
- Population
- 17,856
- Median age
- 38.5
- Under 18
- 21.5%
- 65 and older
- 16.7%
- Households
- 6,921
- Foreign-born
- 23.1%
- Veterans
- 5.6%Adults 18+
Hispanic or Latino can be of any race. Population history of Fairwood ›
Education in Fairwood
50.3% of adults 25 and older in Fairwood have a bachelor's degree or higher (Washington: 39.6%), and 16.7% have a graduate or professional degree.
Jobs and commute in Fairwood
- Unemployment rate
- 5.3%State: 5.1%
- Average commute
- 34 minState: 27 min
- Work from home
- 26.5%
- Drive alone
- 59.8%
- Public transit
- 1.6%
- Walk to work
- 0.5%
- Homes with broadband
- 97.1%
Fairwood vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Fairwood | 17,856 | $122,134 | $733,200 | $2,233 |
| Maple Heights-Lake Desire | 4,113 | $143,148 | $876,200 | $3,130 |
| East Renton Highlands | 12,582 | $142,500 | $778,700 | $2,717 |
| Renton | 105,317 | $100,432 | $672,600 | $1,998 |
| Shadow Lake | 2,465 | $152,552 | $816,300 | $3,043 |
| Kent | 135,603 | $92,302 | $587,800 | $1,909 |
| Bryn Mawr-Skyway | 17,638 | $90,969 | $655,200 | $1,760 |
| Covington | 21,233 | $134,502 | $637,300 | $2,232 |
| Newcastle | 12,989 | $160,278 | $1,205,600 | $2,369 |
More for people moving to Fairwood
Fairwood ZIP code ›Weather and climate ›Living in Fairwood: FAQ
What is the median household income in Fairwood, WA?
The median household income in Fairwood is $122,134, 24% higher than the Washington median of $98,141 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Fairwood?
The median home value in Fairwood is $733,200, compared with $564,600 in Washington.
How much is rent in Fairwood?
The median gross rent in Fairwood is $2,233 per month, about 29.2% of household income.
Is Fairwood, WA a good place to live?
Pluses: median household income 24% higher than the Washington median; a poverty rate of 8.4%. Minuses: home values 30% higher than the state median; an average commute of 34 minutes; unemployment of 5.3%.
What is the median age in Fairwood?
The median age in Fairwood is 38.5 years (Washington: 38.3).
How long is the commute in Fairwood?
The average commute to work in Fairwood is 34 minutes; 26.5% of workers work from home.
What is the unemployment rate in Fairwood?
The unemployment rate in Fairwood is 5.3% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Fairwood?
50.3% of adults in Fairwood 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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