Fair Oaks, Virginia Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Fair Oaks, Virginia rental market.
Fair Oaks, Virginia
Average Apartment Rent
$2,296
Y-o-Y Change in Average
Apartment Rent
-2%
As of March 2026
Compared to a year ago, Fair Oaks, Virginia apartments have recorded a -2% rent decrease.
Fair Oaks, Virginia Average apartment rent trend
Fair Oaks, Virginia Average Apartment Rent
Fair Oaks, Virginia Apartment rent ranges
At 47.99%, apartments priced $2,000 - $2,500 represent the bulk of Fair Oaks, Virginia rentals, while condos priced Over $3,000 hold the lowest share of the market – 4.78%.
Fair Oaks, Virginia Housing tenure**
Renters take up 56% of Fair Oaks, Virginia real estate, occupying a total of 8,480 units, while homeowners live in 6,777 properties.
Median number of rooms of renter-occupied housing units**
3.6
Renter median household income**
$94,652
Average household size of renter-occupied housing units**
2.07
Rental vacancy rate**
2.7%
Fair Oaks, Virginia Renter-occupied housing units by no. of bedrooms**
There are 3,436 rentals in Fair Oaks, Virginia with 2 beds making up the highest share of the market, at 41%. Units with 4 beds, on the other hand, hold the lowest percentage (2%), amounting to 174 units. Overall, the median number of rooms in Fair Oaks, Virginia homes for rent is 3.6.
Fair Oaks, Virginia Renter-occupied units by age of householder**
Most condos for rent in Fair Oaks, Virginia are occupied by residents in the 25 - 34 years age group (33%), followed by those in the 35 - 44 years age group (26%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 1%.
Fair Oaks, Virginia Renter-occupied housing units by family type**
Fair Oaks, Virginia Renter-occupied housing units by the presence of own children**
A total of 3,490 apartments for rent in Fair Oaks, Virginia, or 41% of all rentals are family households. Additionally, 18% of rental homes include children under the age of 18 – that’s 1,539 units. All in all, the median size of a renter-occupied household in Fair Oaks, Virginia is 2.07.
Fair Oaks, Virginia Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 69% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in Fair Oaks, Virginia.
Fair Oaks, Virginia Renter-occupied units by year structure built**
The highest share of Fair Oaks, Virginia apartment rentals, namely 35% or 2,946 units, were Built 2000 - 2009, followed by those Built 1990 - 1999 (25%, 2,149 units), and the ones Built 1980 - 1989 (20%, 1,691 units).
Fair Oaks, Virginia Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Fair Oaks, Virginia renters (44%) moved in 2018 to 2020, while only 1% of them moved in 2000 to 2009. Overall, the median year renters have occupied their Fair Oaks, Virginia condos for rent is 2018.
Fair Oaks, Virginia Renter-occupied housing units by vehicles available**
When it comes to transportation options, 46% of Fair Oaks, Virginia renters have 1 vehicle available per household, 40% of them have 2 vehicles available, and 8% have 3 or more vehicles available.
Fair Oaks, Virginia Means of transportation to work of householders living in renter-occupied housing units**
Fair Oaks, Virginia Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Fair Oaks, Virginia apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
