Rent to own Homes in Fairfax, VA
Many consider Fairfax the crown jewel of Northern Virginia. Oozing Civil War-era historical charm and attractions yet home to a world-class university and on the forefront of modern technology and innovation, Fairfax offers residents the best of both worlds. It's minutes from the action of Washington, D.C., but has an identity distinctly its own. Though it has been inhabited for hundreds of years, Forbes magazine recently dubbed Fairfax as number three on a list of the top twenty-five cities in the nation to live well.
Fairfax, VA is a great place for affordable rent-to-own homes! With a median household income of over $109,708 and a median rent of $1,822, the Fairfax, VA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Fairfax, VA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Rent to own Homes in Cities Near Fairfax, VA
- Adamstown
- Adelphi
- Aldie
- Alexandria
- Annandale
- Arlington
- Ashburn
- Aspen Hill
- Bailey's Crossroads
- Brambleton
- Broadlands
- Broad Run
- Bull Run Mountain Estates
- Burke
- Burke Centre
- Cherry Hill
- Chevy Chase
- Chevy Chase Village
- Dulles Town Center
- Dunn Loring
- Fairfax
- Fairfax Station
- Fair Lakes
- Falls Church
- Floris
- Forest Glen
- Fort Hunt
- Kensington
- Kingstowne
- Layhill
- Leesburg
- Linton Hall
- Loch Lomond
- Mantua
- Moorefield Station
- Mount Vernon
- Nokesville
- North Bethesda
- North Chevy Chase
- North Kensington
- North Potomac
- Oakton
- Potomac
- Rockville
- Somerset
- Sudley
- Sugarland Run
- Travilah
- Vienna
- Yorkshire
Neighborhoods in Fairfax, VA
George Mason rent to own homesPopular Zip Codes in Fairfax, VA
No zip codes foundBuying a Home in Fairfax, VA
Fairfax, VA is seeing rapid growth and Fairfax, VA's' housing market remains not optimal with an average home price that is 170% above the 2024 national average. Fairfax, VA is part of Fairfax county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Fairfax is 0.89% which is below the national average, which is 0.99%.
Median Home Price in Fairfax, VA
Median Rent in Fairfax, VA
Top 4 Reasons to Live in Fairfax, VA
History, history everywhere! Fairfax is host to many historical sites listed on the National Register of Historic Places. The Old Fairfax County Courthouse, County Jail, and Elementary School Annex all were built in the 1800s. Some, like the Courthouse, are still operational. Others, like the school, have been transformed into museums. Other notable Fairfax County historical sites include the Tastee 29 Diner built in 1947 and Blenheim, a circa-1859 farmhouse that served as a makeshift hospital for Civil War troops. One of Blenheim's top tourist draws are several interior walls that are covered with inscriptions made by troops that lodged there.
Desirable real-estate market! Located in the shadow of the nation's capital yet surrounded by nature, many people who work in Washington, D.C. live in Fairfax. Neighborhoods like Fairfax Station and Chantilly are among power brokers' favorites, and many rentals are available. If you're looking for a rental, the best time to search is after an important election.
Good tunes, good eats! Though only twenty minutes away from a metropolitan and cultural capital, Fairfax has much to offer in terms of competing with the much larger Washington D.C. This means when you live here, you're only minutes away from live music at The Greene Turtle, cheap but good eats like Hard Times Cafe, and funky films and ambiance at places like the Angelica Film Center and Cafe. Live in Fairfax and you'll never be bored.
Affordable median rental price! Considering that the median property value in Fairfax is just shy of half a million dollars, the median monthly rental house rate of about $1,600 is reasonable. Single professionals living alone or with roommates, families, and empty-nesters alike will find options ranging from large houses to condos in Fairfax. Some affordable rent to own homes are located in Fairfax neighborhoods like City Center, Fairlee, and Mantua.