Median home value is about $621,600 — about 79% above the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $2,091 (about 80% above the U.S. median rent ($1,163)), and owner-occupancy near 62.8% (about 2.6 points below the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 22033 in Fair Oaks, VA, a household would need roughly $171,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,993. That is about 27% above the local median household income ($134,532), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.