Why Live in Fairwood
Fairwood, a secluded community southeast of Downtown Renton, is known for its lakes, forests, and abundant outdoor recreation. The neighborhood features a variety of home styles, including traditional, modern, and Northwest contemporary designs, as well as older split-levels and ramblers. Closer to Lake Desire, estates with significant acreage, scenic views, and private docks are available, along with condos for more flexible buying options. Students in Fairwood attend well-rated schools, with Ridgewood Elementary, Meeker Middle School, and Lindbergh High School all offering strong academic programs and extracurricular activities. The area is rich in things to do, with Lake Desire being a popular spot for fishing, kayaking, and boating. McGarvey Park Open Space offers over 300 acres of woodland with trails for hiking and mountain biking, and Petrovitsky Park provides athletic fields and playgrounds. Fairwood Crest Community Park features a basketball court, playground, and a large field for various activities. Golf enthusiasts can enjoy the private Fairwood Golf Course and the public Maplewood Golf Course nearby. The Fairwood Shopping Center serves as the neighborhood's commercial hub, offering grocery stores, a gym, pet supply store, and dining options like Mod Pizza and Five Sisters Thai. The Fairwood Library provides community events and resources. With its peaceful enclaves, access to nature, and a range of home styles, Fairwood is a favored neighborhood for relaxation and outdoor activities.
Frequently Asked Questions
Is Fairwood a good place to live?
Fairwood is a good place to live. Fairwood is considered very car-dependent and somewhat bikeable with some transit options. Fairwood is a suburban neighborhood. Fairwood has 11 parks for recreational activities. It is fairly sparse in population with 3.9 people per acre and a median age of 42. The average household income is $136,705 which is above the national average. College graduates make up 43.9% of residents. A majority of residents in Fairwood are home owners, with 25.2% of residents renting and 74.8% of residents owning their home. A
local real estate agent serving Fairwood can help you decide if this neighborhood is the right one for you. Learn more on our
Fairwood neighborhood guide.
How much do you need to make to afford a house in Fairwood?
The median home price in Fairwood is $837,444. If you put a 20% down payment of $167,500 and had a 30-year fixed mortgage with an interest rate of 6.5%, your estimated principal and interest payment would be $4,230 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $181K a year to afford the median home price in Fairwood. The average household income in Fairwood is $137K.
What are the best public schools in Fairwood?
The best public schools that serve Fairwood are:
What are the best private schools in Fairwood?
The best private schools that serve Fairwood are:
What are the most popular zip codes in Fairwood, Fairwood, WA?
What are the most popular neighborhoods near Fairwood, Fairwood, WA?
Home Trends in Fairwood, WA
On average, homes in Fairwood, WA sell after 29 days on the market compared to the national average of 52 days. The median sale price for homes in Fairwood, WA over the last 12 months is $820,000, up 3% from the median home sale price over the previous 12 months.
Median Sale Price
$820,000
Median Single Family Sale Price
$850,000
Median 2 Bedroom Sale Price
$310,000
Median 1 Bedroom Sale Price
$249,900
Average Price Per Sq Ft
$393
Number of Homes for Sale
53
Last 12 months Home Sales
285
Median List Price
$837,444
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
3%
