Home prices
The median home cost in Fair Lakes is $536,000. This is about $38,320 (7%) higher in comparison to its nearby areas.It is about $318,500 (146%) higher in comparison to the United States as a whole, and compared to the city of Washington is approximately $65,500 (10%) lower.
Rents
Fair Lakes's median rent is $1,918 a month. In comparison to its surrounding areas this is roughly $56 (2%) lower.It is about $856 (80%) higher compared to the US as a whole, and compared to the city of Washington it is about $377 (24%) higher.
Nearby places
Greenbriar
Greenbriar is Fair Lakes's neighbor to the north. The housing prices there are fairly similar. The median home in Greenbriar costs $519,800, which is $16,200 (3%) lower than Fair Lakes. Rents there are fairly similar. The median rent in Greenbriar is $1,980 per month, which comes out to $62 (3%) higher than Fair Lakes.
Fair Oaks
Fair Oaks is Fair Lakes's neighbor to the northeast. The real estate prices there are somewhat less expensive. The cost of the median home in Fair Oaks is $453,500, which is $82,500 (18%) lower than Fair Lakes. The rent there is pretty similar. The median monthly rent in Fair Oaks is $1,963, which is $45 (2%) higher than Fair Lakes.
Centreville
Centreville is Fair Lakes's neighbor to the west. The housing prices there are somewhat less expensive. Centreville's median home price is $437,500, which comes out to $98,500 (22%) lower than Fair Lakes. The rent there is fairly similar. In Centreville the median monthly rent is $1,870, which is $48 (2%) lower than Fair Lakes.
Chantilly
Chantilly is Fair Lakes's neighbor to the northwest. Its housing prices are a little less expensive. The price of the median home in Chantilly is $501,200, which works out to $34,800 (6%) lower than Fair Lakes. Rents there are similar. The median rent in Chantilly is $1,864 a month, which is $54 (2%) lower than Fair Lakes.
George Mason
George Mason is about 3 miles east of Fair Lakes. Its housing prices are a bit more expensive. George Mason's median home cost is $576,400, which comes out to $40,400 (7%) higher than Fair Lakes. Its rents are a little more expensive. George Mason's median monthly rent is $2,191, which is $273 (12%) higher than Fair Lakes.
