Fairwood, WA real estate
Buying or selling a home, condo, or piece of land in Fairwood? Here is what the community's housing actually looks like, and how to reach Isaac Ortiz about it.
Fairwood housing snapshot
| Population | 18,437 | |
|---|---|---|
| Median home value | $658,000 | Owner-reported |
| Median household income | $119,013 | |
| Detached houses | 69.2% | Share of all housing units |
| Townhomes / attached | 3% | |
| In buildings of 2+ units | 27.2% | Condos and apartments alike |
| Manufactured homes | 0.5% | |
| Owner-occupied | 75.9% | |
| Median year built | 1981 | |
| Vacancy rate | 5.3% |
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates (2019–2023). Tables B25077, B01003, B25003, B25024, B25035, B19013, B25002. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
What the numbers mean for a buyer or seller
The median owner-reported home value in Fairwood is $658,000.
That is 19% below the King County median of $811,200. Median household income is $119,013, 3% below the county's $122,148.
Detached houses make up 69.2% of homes in Fairwood, with 27.2% in multi-unit buildings and 3% attached single-family. The stock leans to houses without being exclusively houses.
75.9% of occupied homes are owner-occupied, which is a high ownership rate and usually means low turnover and tightly held inventory.
Half of Fairwood's homes were built in 1981 or earlier, putting half the stock in the 1980s-90s era or before.
Fairwood is 18,437 people, big enough for a steady flow of comparable sales. Vacancy sits at 5.3%.
Selling in Fairwood
75.9% of homes here are owner-occupied, so most sales are people moving on rather than investors trading. Buyers in that market are usually comparing your home against a small number of others, and presentation moves the number more than it does in a high-turnover area.
For pricing context, the midpoint of Fairwood homes is $658,000, and the area sits about 3.1 miles off the Seattle-Bellevue-Tacoma spine - usually the first thing a buyer's agent checks when they push back on a list price.
Isaac will tell you what your home is actually likely to bring in Fairwood and what, if anything, is worth doing first. If the honest answer is that this is not your year to sell, he will say that too.
Talk to Isaac Ortiz about Fairwood
Isaac Ortiz is a licensed real estate broker with Compass, working King County and the surrounding Puget Sound area. Se habla español. Send a note and he will reply personally.
Email Isaac.Ortiz@nwret.com.