Wakefield: Housing & Real Estate
Wakefield homes sell at a median $861,600, with median rent $3,501 (1.5× higher than Fairfax County median $2,276; 2.2× higher than Virginia median $1,579). Homeownership rate: 91.6%. That's 1.2× higher than the Fairfax County median ($732,800); 2.2× higher than the Virginia median ($383,700). A municipal building code is in effect.
- 3.6× annual income — home value vs. household income (vs Virginia 4.1×).
- 20.5 years to break even renting at the median (vs Virginia 19y).
Home Values & Rent
Median home value $861,600 — 2.3× the Virginia median ($382,500). Median rent $3,501/month. homeownership rate 91.6% — above the U.S. share of ~65%.
| Median Home Value | $861,600 (vs Virginia $382,500) |
|---|---|
| Median Rent | $3,501 (vs Virginia $1,714) |
Other
| Homeownership Rate | 91.6% (vs Virginia 64.4%) |
|---|---|
| Median Year Built | 1968 |