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 is a small-sized city located in the state of Virginia. The city has a population of 8,611 inhabitants. In Fair Lakes, there are 3,627 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. An important consideration when living in Fair Lakes is the longer-than-average commute times. If you seek a short work commute, this area may not be the best choice for you. The one-way commute time here typically takes 40 minutes, far surpassing the national average of 26 minutes.
Without the right tools, moving to any new city can be very stressful and challenging. Living in Fair Lakes, Virginia could be a great experience for anyone who puts in the time to do the research required. When searching for a new neighborhood, several key items should be considered. Safety is paramount, ensuring a secure environment for you and your family. Proximity to workplaces or schools reduces commuting time and enhances convenience. Access to amenities like parks, grocery stores and healthcare facilities contributes to a comfortable lifestyle. Reliable public transportation options promote easy mobility. A strong sense of community fosters social connections and a welcoming atmosphere. With useful information like crime, commute, health & safety, employment and other key data points, finding the best places to live in Fair Lakes and in the areas around Fair Lakes is a much easier task.
With a livability score of 81 out of 100, Fair Lakes is ranked #1,348 in the United States and #51 in Virginia. Compared to the United States average, Fair Lakes ranks among some of the best places to live in the country! Another exciting tidbit, is that Fair Lakes ranks better than 90% of all US cities! For each of the livability categories, we can establish that Fair Lakes ranks very well for amenities (A-), crime (A+) and housing (A). There is at least one category that you should be aware of in Fair Lakes. The following was graded with a disappointing 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 1.6% 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 robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Fair Lakes excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
Assuming that Fair Lakes meets all of your requirements like low crime rates, good schools and great local amenities, the next most important item to examine is the affordability of real estate in Fair Lakes. Everything else becomes a lot less important if it turns out that home prices in Fair Lakes are simply unattainable. The median home price for Fair Lakes homes is $956,126, which is 119.8% higher than the Virginia average. If we take a closer look at the affordability of homes in Fair Lakes, we’ll see that the home price to income ratio is 5.7, which is 26.7% 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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