The story of this market
The typical home in ZIP 22031 sells for about $672,450, or $398 per square foot.
Prices are up +4.7% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $2,258 a month.
ZIP 22031 — Fairfax
The 22031 housing market remains competitive with low inventory and steady price appreciation, driven by high demand for well-located suburban properties near major employment hubs. While sales volume is constrained by limited supply, the market maintains strong fundamentals supported by high household incomes and proximity to transit. Investors should note that while entry prices are high, the area offers consistent rental demand.
This ZIP is ideal for commuters and families seeking a balance of suburban space and urban-style amenities, as well as investors looking for stable, high-demand rental properties near major transit corridors.
Median prices moved up 4.7% year over year.
Homes spend a median of 35 days on market with 4.4 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.0% · poverty 5.9% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 22031, Fairfax County VA
Crime trends in the Fairfax area are generally stable, with the region consistently ranking as one of the safer suburban areas in the Northern Virginia corridor compared to national averages.
The area is served by highly-rated public schools within the Fairfax County Public Schools system, which is recognized for strong academic performance and extensive extracurricular offerings.
The area faces standard regional risks including potential for localized flooding during heavy storms and typical wind-related insurance considerations for the Mid-Atlantic region.
Economic momentum is driven by proximity to the Merrifield and Tysons Corner employment hubs, with ongoing mixed-use redevelopment projects and transit-oriented infrastructure improvements.
Property taxes are assessed by Fairfax County based on fair market value; the jurisdiction utilizes a uniform real estate tax rate applied to all residential parcels, with no additional MUD/PID districts typically found in this established area.
Residents benefit from excellent access to the I-495 Capital Beltway and I-66, with proximity to the Dunn Loring-Merrifield Metro station providing direct rail transit to Washington, D.C.
The area features extensive green space including the Gerry Connolly Cross County Trail, numerous local parks, and proximity to the Mosaic District for high-end shopping and dining.
The rental market is characterized by high demand and low vacancy rates, driven by the area's proximity to major employment centers and the Mosaic District, with rents showing a steady upward trajectory.
The economy is anchored by the professional services, technology, and government contracting sectors, with significant employment hubs in nearby Merrifield and Tysons.
The area is well-served by major highway corridors including I-66 and I-495, and is supported by the Washington Metro rail system via the Dunn Loring-Merrifield station.
Ongoing development focuses on high-density, mixed-use projects near the Merrifield transit hub and the continued expansion of the Mosaic District.
The Fairfax County Department of Tax Administration conducts annual assessments of all real property to determine fair market value for tax purposes.
Parcels are subject to Fairfax County real estate taxes and standard utility service districts; no special MUD or PID districts are prevalent in this established ZIP.
Property insurance premiums are consistent with Northern Virginia averages, reflecting moderate risk profiles for wind and storm-related damage.
Data retrieved from US Census Bureau ZCTA 22031 profiles.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major mixed-use development featuring retail, dining, and entertainment venues.
A major regional trail system providing extensive recreational access.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).