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Fairlawn

Learn about the people, housing, costs and businesses in Fairlawn, Virginia

Median Home$227,600
Median Rent$1,463/month
Population2,406
Leading IndustryManufacturing1% of local workforce
Home Value Growth⬆⬆+20.1% over 2 years
Young Adults57% of residentstop 1% nationally
Homeowners83% of occupied units
NotableVeteran Community25% of residents · top 1% nationally
NotableAmenity Score75/100 · highly walkable area
Fairlawn
VA

Frequently Asked Questions

What are today's mortgage rates in Fairlawn?

As of today, the 30-year fixed mortgage rate for Fairlawn is approximately 6.969% (7.008% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Fairlawn?

The median home value in Fairlawn is $228k. The median monthly rent is $1,463. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Fairlawn?

Home values in Fairlawn have increased 20.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Fairlawn?

Based on a typical all-in ownership cost of $933/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Fairlawn is $67k/year.

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What industries drive the economy in Fairlawn?

The largest employment sectors in Fairlawn are public administration (23%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.