Fairfax is just outside the Washington D.C. beltway, so it’s also very much a part of our capital’s metro area. Housing is often the largest expense we face each month. The average monthly home ownership costs for owners with a mortgage in Fairfax is $2,403, which is higher than the nation as a whole. Approximately 5,944 housing units are owner-occupied. About 72.3% of owners and 44.4% of renters pay less than 30% of their income toward housing expenses, a measure of affordability. Owners make up 68.0% of housing units. 29.0% of the housing units are occupied by renters. 81.6% of homes in Fairfax were built after 1990. 74.0% of all housing units in Fairfax have three bedrooms or more.Because of that proximity, any college grad will have an almost unlimited number of employment options. According to Livability Magazine 2016 , Fairfax, VA is 1 of the Top 10 Best College Towns in America. Government jobs are the obvious choice, but over the years D.C. has developed into a hub of entrepreneurship, and Fairfax is no exception. From finance to biotech to manufacturing, if an industry exists, it probably has a presence in the D.C. area.
While George Mason is the best known area college, the Northern Virginia Community College is the second-largest multi-campus community college in the US. And while its Annandale campus is technically outside the city limits, it still has a big presence both in cultural opportunities for residents and students, and in the type of graduate it’s adding to the Fairfax workforce.
Current Real Estate Market Statistics
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