Amenities
The area boasts an ample array of local amenities, such as restaurants, entertainment options, grocery stores and parks, all conveniently located within walking distance.
Commute
A high commute score suggests convenient, easy access to public transportation, with shorter-than-average work commute times to work.
Crime
The crime rate is far lower than the national average per 100,000 residents. As such, it should be considered a very safe place to live when compared to other areas.
Employment
This area excels in the employment category with a score well above average, primarily due to the higher median home income, per capita income and low unemployment rates.
Housing
High scores in the housing category are attributed to this area, possibly pointing to a favorable home affordability ratio, robust appreciation rates or elevated home values.
Cost Of Living
The cost of living in this area is notably high, making it a more expensive place to live. You'll find higher expenses for everyday goods and services, housing and groceries.
Fair Lakes, Virginia is a small-sized city with a population of 8,398 inhabitants. In Fair Lakes, there are 3,547 people per square mile, which is well above the national population density average. Individuals of White (50%) and Asian (38%) backgrounds make up a significant portion of the population of Fair Lakes. Something to be aware of when living in Fair Lakes are the above average commute times. If you're looking for a short commute to work, this might not be the right area for you. With one way commute time of 40 minutes, this comes in much higher than the national average of 26 minutes.
Whether you’re moving to a new area to be closer to family, friends or for a new job, living in Fair Lakes could be a positive experience compared to other cities in Virginia if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. The best areas in Fair Lakes and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, crime, cost of living, education, employment, you will see a detailed breakdown of the most important information as well as comparisons to the Virginia and national averages.
The livability score in Fair Lakes is 79/100 and the city is ranked in the 95th percentile of all cities across America. Clearly, Fair Lakes is doing something right, as this score ranks well above the average of most cities. The cherry on top is that Fair Lakes also ranks in the top 10 percent of all cities. If we consider each of the categories individually, we see that Fair Lakes ranks well for amenities (A-), crime (A+) and housing (B). There is at least one category that you should be aware of in Fair Lakes. The following was graded with a concerning score: cost of living (F).
The mantra of real estate, "location, location, location," underscores the importance of where a property is situated, making it a pivotal factor in your quest for a new home. Fortunately, when you're living in Fair Lakes, you'll discover an abundance of exceptional local amenities and lots of things to do. Among these are conveniently located grocery stores, charming coffee shops, diverse dining options and plenty of spacious parks. These local amenities contribute significantly to its overall appeal, ensuring that your daily needs are met and offering ample opportunities for leisure and recreation. When considering your next move, the thriving local scene in Fair Lakes undoubtedly enhances its desirability, affirming the significance of its prime location.
When contemplating a move, job prospects often top the list of priorities. In Fair Lakes, the outlook for new employment is notably brighter than in many other areas. The low unemployment rate of 1.54% points to a surge in job opportunities, the potential for higher wages, enhanced workforce productivity and increased economic growth. These favorable conditions bode well for individuals seeking career advancement and financial stability, making this area an appealing destination for those prioritizing professional opportunities and economic prosperity.
A healthy real estate market serves as a key economic indicator. It could signify overall local economic strength, stability and reflects consumer confidence in the area. Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Fair Lakes has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
Being close to public transit, grocery stores, parks and other conveniences are all important when weighing your options for a new home in Fair Lakes. Before you determine if any of these amenities are available in the area, you will also want to know if the real estate prices in Fair Lakes are affordable. Median real estate prices in Fair Lakes come in at $519,300, which is 109.1% higher than the Virginia average. The home price to income ratio compares the median home prices to the median household income. In Fair Lakes, the home price to income ratio is 4.7, which is 23.7% higher than the Virginia average.
| Statistic | Fair Lakes | Virginia | National |
| Average one way commute | 40min | 28min | 26min |
| Workers who drive to work | 70.0% | 77.4% | 76.4% |
| Workers who carpool | 8.9% | 9.5% | 9.3% |
| Workers who take public transit | 8.0% | 4.5% | 5.1% |
| Workers who bicycle | 0.1% | 0.4% | 0.6% |
| Workers who walk | 1.1% | 2.4% | 2.8% |
| Working from home | 10.8% | 4.7% | 4.6% |
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