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Real Estate Prices & Overview

Fairfax Farms median real estate price is $684,191, which is more expensive than 72.7% of the neighborhoods in Virginia and 75.2% of the neighborhoods in the U.S.

The average rental price in Fairfax Farms is currently $2,806, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 64.4% of the neighborhoods in Virginia.

Fairfax Farms is a suburban neighborhood (based on population density) located in Fairfax, Virginia.

Fairfax Farms real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Fairfax Farms neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Real estate vacancies in Fairfax Farms are 4.5%, which is lower than one will find in 68.6% of American neighborhoods. Demand for real estate in Fairfax Farms is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Fairfax, the Fairfax Farms neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

If knowledge is power, then imagine the cumulative power of one neighborhood where many of the adults have earned an advanced degree, such as a Masters, law degree, medical degree, or even a Ph.D. This is certainly the case in the Fairfax Farms neighborhood, where 40.0% have earned an advanced degree. Compare that to the average neighborhood in America, where just 13.7% of adults have completed a post-graduate degree, and you can see why this neighborhood is a stand out. In fact, this neighborhood has a higher rate of adults with an advanced degree than 96.9% of the neighborhoods in America.

In addition, with a nice mix of college students, safety from crime, and decent walkability, the Fairfax Farms neighborhood rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. NeighborhoodScout's analysis shows that it rates more highly for a good place for college students to live than 85.5% of the neighborhoods in VA. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Occupations

Executives, managers and professionals make up 71.8% of the workforce in the Fairfax Farms neighborhood which, according to NeighborhoodScout's exclusive analysis, is a higher proportion of such high-level people than is found in 96.0% of the neighborhoods in America. For this reason, this neighborhood really stands out as unique.

Real Estate

Most neighborhoods are composed of a mixture of ages of homes, but the Fairfax Farms stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you'll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 80.4% of the residential real estate here was built in this one time period.

In addition, many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Fairfax Farms neighborhood could be your paradise. With 24.6% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 4.6% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

Diversity

Did you know that the Fairfax Farms neighborhood has more Asian and Arab ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 39.8% of this neighborhood's residents have Asian ancestry and 4.3% have Arab ancestry.

Fairfax Farms is also pretty special linguistically. Significantly, 5.9% of its residents five years old and above primarily speak Korean at home. While this may seem like a small percentage, it is higher than 99.1% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Fairfax Farms neighborhood in Fairfax are wealthy, making it among the 15% highest income neighborhoods in America. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 89.2% of the neighborhoods in America. In addition, 1.5% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 76.8% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Fairfax Farms neighborhood, 71.8% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is government jobs, whether they are in local, state, or federal positions, with 12.2% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (11.9%), and 9.6% in manufacturing and laborer occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Fairfax Farms neighborhood is English, spoken by 58.2% of households. Other important languages spoken here include Chinese, Korean, Spanish and Tagalog (the first language of the Philippine region).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Fairfax Farms neighborhood in Fairfax, VA, residents most commonly identify their ethnicity or ancestry as Asian (39.8%). There are also a number of people of German ancestry (8.8%), and residents who report Irish roots (8.7%), and some of the residents are also of English ancestry (7.9%), along with some Sub-Saharan African ancestry residents (5.2%), among others. In addition, 37.1% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Fairfax Farms neighborhood spend between 30 and 45 minutes commuting one-way to work (37.0% of working residents), which is at or a bit above the average length of a commute across all U.S. neighborhoods.

Here most residents (62.7%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (6.1%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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