Rent to own Homes in Fair Oaks, VA
Fair Oaks is located in Fairfax County, Virginia, with a population of a little over 30,000 according to the 2010 Census. It takes up quite a large area to the west of Fairfax City, much of which is focused around the Fair Oaks Mall. This is a largely suburban area and there are many office parks in the neighborhood. It's a part of town which has essentially been developed from the 1980s onward.
Fair Oaks, VA is a great place for affordable rent-to-own homes! With a median household income of over $112,281 and a median rent of $1,945, the Fair Oaks, 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 Fair Oaks, 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.
More Fair Oaks, VA Property Resources
Rent to own Homes in Cities Near Fair Oaks, 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 Fair Oaks, VA
Fair Oaks rent to own homesBuying a Home in Fair Oaks, VA
Fair Oaks, VA is seeing rapid growth and Fair Oaks, VA's' housing market remains not optimal with an average home price that is 115% above the 2024 national average. Fair Oaks, 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 Fair Oaks, VA
Median Rent in Fair Oaks, VA
Top Six Reasons to Live in Fair Oaks, Virginia
Shop in style! The Fair Oaks Mall lets you indulge in your favorite retail therapy with nearly 200 specialized stores and eateries. Shop at top brands like Apple, Coach and Macy's, not to mention Sears and J C Penney. This enclosed, two-storey mall also has thousands of free parking spaces, and is one of the top shopping destinations in the region. You'll find it just off lnterstate 66 and Route 50 (Lee Jackson Memorial Highway).
Museums and culture galore! The neighborhood is home to some fine museums, including the NRA National Firearms Museum, open daily and with free admission. It offers 15 galleries, well over 2,500 firearms and a world-class experience. By the spring of 2015, a new children's science museum is set to arrive at the Fair Oaks Mall, with interactive exhibitions, experiments and more, aimed at children up to the age of 12. The Patriot Center offers a superb local concert venue.
Great for open spaces! Burke Lake near Fairfax Station comes complete with a 218-acre lake where you can fish, rent a row boat, camp, play volleyball or enjoy the 18-hole golf course. Or perhaps you'd prefer a round of mini-golf? There are also plenty of excellent hiking trails. Also in the area is Fountainhead Regional Park, where, from the marina, there are superb views over the Occoquan Reservoir and an incredible array of bird life.
A packed annual calendar! Join residents for the Annual Ambulance Chase 5K and Half Mile Fun Run to support Fair Oaks Volunteer Fire and Rescue. Awards are given to the top three overall women, top three overall men, top three boys and top three girls. And, of course, it's for a great cause!
A thriving real-estate market! This fall, higher average and median prices were the key stories across Northern Virginia, including Fair Oaks. The average house price for all sales was over $535,000, a rise of just over 1.1 percent from a year ago. Look for a house near Hanover Road or in the neighborhood of Federal Street.
Heaven for row house lovers! If your dream home is a row house, whether you want a rent to own arrangement or anything else, Fair Oaks has nearly a third row houses or attached homes. Only 2.8 percent of other U.S. neighborhoods have more homes in this style. Look for a house to rent Naglee Avenue or a house for sale around Pickett Avenue.