Property Prices in Fairfax, VA, United States

Index Info
Price to Income Ratio: 3.45
Mortgage as Percentage of Income: 31.86%
Loan Affordability Index: 3.14
Price to Rent Ratio - City Centre: 13.00
Price to Rent Ratio - Outside of Centre: 8.21
Gross Rental Yield (City Centre): 7.69%
Gross Rental Yield (Outside of Centre): 12.19%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,875.00 $ 1,750.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,787.50 $ 1,600.00-2,000.00
Apartment (3 bedrooms) in City Centre 3,996.67 $ 3,000.00-5,000.00
Apartment (3 bedrooms) Outside of Centre 2,716.67 $ 2,500.00-3,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 535.00 $ 255.00-999.99
Price per Square Feet to Buy Apartment Outside of Centre 276.50 $ 246.00-300.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 6,336.67 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.92 6.70-7.35

These data are based on 34 entries in the past 18 months from 8 different contributors.
Last update: September 2023

Sources and References
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