22031 — Fairfax city, Virginia Market Snapshot
Housing market data for zip code 22031 in Fairfax city, Virginia. Updated monthly with median prices, days on market, and more.
Market Sales Data
34 sales in 2026 (year to date)
Median Sale Price
$702,500
Days to Sell
22
Homes Sold
34
Inventory
18
Sale-to-List
102.3%
New Listings
55
Price/SqFt
$381
Pending Sales
45
Conforming Loan Available
Most homebuyers in 22031 can comfortably use conventional financing. The median home price of $702,500 is well below the 2026 conforming loan limit of $1,249,125, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 22031 are moving quickly at 22 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes in 22031 are selling 2.3% above asking price on average, signaling strong competition. Buyers should budget above list price.
Conforming Loan Feasibility
Most homebuyers in 22031 can comfortably use conventional financing. The median home price of $702,500 is well below the 2026 conforming loan limit of $1,249,125, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 22031 are set at the county level.
2026 Loan Limits — Fairfax city
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $1,249,125 | $1,249,125 |
| 2 Units | $1,599,375 | $1,599,375 |
| 3 Units | $1,933,200 | $1,933,200 |
| 4 Units | $2,402,625 | $2,402,625 |
Affordability Snapshot — Zip 22031
To purchase the median home at $702,500 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $5,532.
Monthly Payment
$5,532
Income Required
$237,100
Principal & Interest
$4,329/mo
Down Payment (5%)
$35,125
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 22031.
Estimated Monthly Payment
$4,498
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