Fairfax City, Virginia home prices
Typical home $768,671 · +2.7% in a year · property tax 0.9%
The typical home in Fairfax City is worth $768,671, 86% more than the Virginia typical home ($412,252). Values changed +2.7% in the past year and +21.5% over five years. Homeowners here pay a median 0.9% of their home's value in property tax each year ($6,930 on the typical home), versus 0.71% statewide.
Mortgage on the typical Fairfax City home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $153,734 | $614,937 | $4,137 | $0 | $962 | $5,099 | $218,500 |
| 10% down | $76,867 | $691,804 | $4,654 | $288 | $962 | $5,904 | $253,000 |
| 5% down | $38,434 | $730,237 | $4,912 | $304 | $962 | $6,178 | $264,800 |
| 3.5% down (FHA) | $26,903 | $754,748 | $5,077 | $340 | $962 | $6,379 | $273,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.9% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Virginia · part of the Washington metro area.
Virginia counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Fairfax County | $756,212 | +1.2% | 1.01% |
| Loudoun County | $792,206 | +1.6% | 0.85% |
| Arlington County | $802,232 | +1.3% | 0.91% |
| Alexandria City | $673,546 | +1.9% | 0.96% |
| Fauquier County | $645,183 | +2.8% | 0.75% |
| Goochland County | $583,172 | +3.7% | 0.5% |
| Prince William County | $578,429 | +1.1% | 0.94% |
| Rappahannock County | $567,353 | +4.3% | 0.49% |
| Clarke County | $562,284 | +3.0% | 0.48% |
| Albemarle County | $549,955 | +2.0% | 0.75% |
Frequently asked questions
What is the average home price in Fairfax City, VA?
The typical home value in Fairfax City is $768,671 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Fairfax City?
About $218,500 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Fairfax City?
The median effective rate is 0.9% of home value a year (Census ACS 2024 5-year estimates).