Fair Lakes CDP, Virginia Demographics & Population 2026

Population Overview

Fair Lakes CDP is a small city located in Virginia. The total population is 8,617. It ranks as the 143rd most populous out of 681 cities and towns in Virginia.

Age Demographics

The median age in Fair Lakes CDP is 40.2 years. This is 4% higher than the state median of 38.8 years.

Economy, Income & Housing

The median household income in Fair Lakes CDP is $130,789. This is 44% higher than the state median of $90,974. Compared to the national median of $78,538, household income here is 67% higher. The poverty rate stands at 5.7%. This is 43% lower than the state poverty rate of 9.9%. The unemployment rate is 2.9%. This is 32% lower than the state rate of 4.3%. The median home value is $575,500. Housing costs are 60% higher than the state median of $360,700. The home-value-to-income ratio is 4.4x. 61.6% of occupied housing units are owner-occupied. This homeownership rate is 8% lower than the state average of 67.2%.

Race & Ethnicity

Fair Lakes CDP is a highly diverse community where no single racial or ethnic group constitutes a majority of the population. Asian residents account for 39.2%. The Black or African American population (7.3%) is well below the state average of 18.4%. The Asian population is significantly higher than the state average (39.2% vs 6.8%).

Education

65.8% of residents aged 25 and older hold a bachelor's degree or higher. This is 59% higher than the state rate of 41.5%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 94.1%. Notably, 30.0% of adults hold a graduate or professional degree, indicating a highly educated workforce.

Data Sources & Methodology

All demographic data for Fair Lakes CDP, Virginia is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Virginia state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 681 Census-designated places in Virginia. For official data, visit data.census.gov.