How much do homeowners pay a month in Fair Lakes, VA?

Name: Homeowner costs in Fair Lakes, VA, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

Homeowners with a mortgage in Fair Lakes, VA pay a median of $2,964 (±$116) a month in selected owner costs (2020–2024 American Community Survey).

Owners without a mortgage pay $882 (±$307).

79.7% of owned homes carry a mortgage.

In Fair Lakes, the median monthly cost with a mortgage went from $2,732 in 2015–2019 to $2,964 in 2020–2024 (+8.5%).

Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.

Figures last updated on November 12, 2026.

With a mortgage: $2,964 (±$116)
Without a mortgage: $882 (±$307)
Owned with a mortgage: 79.7%

Monthly owner costs in Fair Lakes

Median selected monthly owner costs, estimate (90% margin of error)
	Fair Lakes	Fairfax County	Virginia	United States
With a mortgage	$2,964 (±$116)	$3,227 (±$24)	$2,127 (±$8)	$1,963
Without a mortgage	$882 (±$307)	$1,082 (±$10)	$589 (±$4)	$638
Owned homes with a mortgage	79.7% (±6.0 points)	71.8% (±0.6 points)	66.9% (±0.2 points)	60.6%
Median real estate taxes (a year)	$5,661 (±$634)	$7,368 (±$57)	$2,790 (±$10)	$3,119

Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.

In Fair Lakes, the median cost with a mortgage is lower than in Fairfax County ($3,227).

It is also higher than in Virginia ($2,127).

It is higher than the national figure ($1,963).

In Fairfax County, Fair Lakes ranks 50 of 68 places with a published estimate, from highest to lowest median monthly cost with a mortgage.

Statewide, it ranks 83 of 448.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How owner costs in Fair Lakes have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median owner cost with a mortgage	$2,732 (±$151)	$2,964 (±$116)	+8.5%	Down after inflation
Median real estate taxes	$5,220 (±$444)	$5,661 (±$634)	+8.4%	No measurable change after inflation
Median home value	$536,000 (±$36,288)	$588,200 (±$37,111)	+9.7%	Down after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median monthly cost with a mortgage in places near Fair Lakes

Nearest places with a published estimate, compared with Fair Lakes
Place	Distance	Median monthly cost with a mortgage	Compared with this place
Fair Lakes	—	$2,964 (±$116)	—
Greenbriar	1.4 mi	$2,881 (±$297)	Not measurably different
Fair Oaks	1.9 mi	$2,961 (±$116)	Not measurably different
Braddock	2.4 mi	$4,000 or more	—
Navy	2.5 mi	$3,925 (±$263)	Higher
Centreville	2.8 mi	$2,751 (±$66)	Lower
Union Mill	3.6 mi	$3,842 (±$342)	Higher
Chantilly	3.8 mi	$3,022 (±$135)	Not measurably different
Franklin Farm	3.9 mi	$3,523 (±$146)	Higher

Nearby places with a measurably lower figure: Centreville, VA ($2,751).

Nearby places with a measurably higher figure: Navy, VA ($3,925), Union Mill, VA ($3,842), Franklin Farm, VA ($3,523).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median monthly cost with a mortgage across Fairfax County, place by place

Rank	Place	Median monthly cost with a mortgage
44	Lorton	$3,013 (±$187)
45	Laurel Hill	$2,995 (±$247)
46	Springfield	$2,978 (±$150)
47	Kingstowne	$2,976 (±$203)
48	Newington	$2,968 (±$143)
49 (tie)	Annandale	$2,964 (±$112)
49 (tie)	Fair Lakes	$2,964 (±$116)
51	Fair Oaks	$2,961 (±$116)
52	West Springfield	$2,951 (±$101)
53	Merrifield	$2,920 (±$141)
54	Herndon	$2,911 (±$126)
55	Burke Centre	$2,896 (±$104)
56	Greenbriar	$2,881 (±$297)

Showing 13 of 68 places in Fairfax County, ranked from highest to lowest.

Fair Lakes is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Fair Lakes

One account for renting, owning, managing and fixing homes, with these figures beside you.

Own or manage a rental?

List it, sign the lease and collect rent online, with the figures for Fair Lakes beside you.

Create a landlord account · See what landlords get

Looking for a place to rent?

Browse homes for rent near Fair Lakes, save the ones you like and apply online.

Browse rentals · Create a renter account

Do repairs, renovations or maintenance?

Get found by owners and renters near Fair Lakes, and send estimates and invoices from your phone.

Join as a pro · Find a pro

Questions about Fair Lakes

What is the average mortgage payment in Fair Lakes?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Fair Lakes, VA is $2,964 (±$116) a month, including taxes, insurance and utilities.

How much does it cost to own a paid-off home in Fair Lakes?

Owners without a mortgage in Fair Lakes pay a median of $882 (±$307) a month in taxes, insurance, utilities and fees.

Has the cost of owning a home in Fair Lakes gone up?

In Fair Lakes, the median monthly cost with a mortgage went from $2,732 in 2015–2019 to $2,964 in 2020–2024 (+8.5%).

Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Fair Lakes CDP, Virginia (place:26701, in state:51).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.