Property Prices in Fairfax, VA, United States

Index Info
Price to Income Ratio: 4.39
Mortgage as Percentage of Income: 31.01%
Loan Affordability Index: 3.23
Price to Rent Ratio - City Centre: 16.24
Price to Rent Ratio - Outside of Centre: 9.54
Gross Rental Yield (City Centre): 6.16%
Gross Rental Yield (Outside of Centre): 10.48%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,866.75 $ 1,700.00-2,500.00
Apartment (1 bedroom) Outside of Centre 1,649.83 $ 1,500.00-1,901.50
Apartment (3 bedrooms) in City Centre 2,525.00 $ 2,100.00-3,500.00
Apartment (3 bedrooms) Outside of Centre 2,161.11 $ 1,700.00-2,800.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 545.72 $ 350.00-637.33
Price per Square Feet to Buy Apartment Outside of Centre 279.89 $ 250.00-300.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,058.74 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 3.66 3.00-4.10

These data are based on 100 entries in the past 18 months from 19 different contributors.
Last update: March 2021

Sources and References
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