The Dranesville District holds the highest home values in Fairfax County and is projected to add 15.3% more housing units by 2050, even as the county's overall population growth has slowed to a pace not seen in decades.
The county's 2025 Demographics Reports, published in June by the Department of Management and Budget, peg countywide population growth at just 0.3% annually. Fairfax added roughly 3,200 residents in the past year, bringing the total to an estimated 1,199,700. That's a fraction of the growth the county experienced in the 1980s and 1990s.
Home values surge
The countywide median home value reached $752,378 as of January 2025, up 6.2% from $708,383 a year earlier, according to the 2025 Demographics Reports.
Dranesville remains the priciest district. In the county's 2024 report, the district's median home value stood at $1,106,133 for all housing types, with single-family detached homes at $1,247,831. Both figures were the highest of any of the nine magisterial districts. Updated 2025 district-level breakdowns have not been released separately.
Average monthly apartment rent countywide hit $2,092 in 2024, more than double the $989 average recorded in 2000.
The broader Northern Virginia market reflects the same pressure. The Northern Virginia Association of Realtors reported a regional median sold price of $812,012 in May 2026, up 2.9% year-over-year. Months of supply stood at 1.93, well below the national average of 4.5 months.
"Even as the national housing market shows gradual improvement, Northern Virginia continues to stand apart in terms of buyer engagement and transaction activity," said NVAR CEO Ryan McLaughlin.
Development pipeline concentrated in three districts
Despite the slow population growth, new housing is coming. Countywide, nearly 5,800 units are in the development-plan stage, more than 3,100 have approved plans, about 2,650 are under construction and more than 2,200 have received permits, according to the 2025 Demographics Reports. Providence, Hunter Mill, and Dranesville account for the largest shares of that pipeline.
The county's 2024 report projected Dranesville's housing stock would grow 15.3% between 2024 and 2050, the third-highest rate among the nine districts, behind Hunter Mill at 25.8% and Providence at 22.1%.
County snapshot
Median household income reached $154,545 in 2024, among the highest in the Washington region. The county has also grown significantly more diverse: white residents accounted for about 70% of the population in 2000 but less than half, at 49.5%, by 2020. The Asian population grew from 13.1% to 20.5%, and the Hispanic population increased from 11% to 17.3% over the same period.
The full 2025 Demographics Reports are available on the Fairfax County website.
