Land and home values in Wakefield, VA
Wakefield is a census-designated community in Fairfax County, Virginia, home to about 11,930 people. Residential land runs about $34.50 per sq ft, the typical home is worth about $960,000, and a 2-bedroom rents for about $2,180 a month, as of October 12, 2026.
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| Land: residential | $34.50 | per sq ft |
| Land: residential | $1.5M | per acre |
| Land: quarter-acre lot | $375,705 | 10,890 sq ft |
| Home: typical (median) | $960,000 | value |
| Home: entry-level | $794,000 | lower quartile |
| Home: upper-end | $1.1M | upper quartile |
| Build new | $157 | per sq ft, no land |
| Rent: 1-bedroom | $1,950 | per month |
| Rent: 2-bedroom | $2,180 | per month |
| Rent: 3-bedroom | $2,740 | per month |
| Rent: 4-bedroom | $3,220 | per month |
| Gross yield, 2-bed | 2.7% | a year |
Questions people ask
How much is land worth in Wakefield, VA?
Residential land in Wakefield, VA is about $34.50 per square foot, or $1.5M an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $375,705. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Wakefield, VA?
The typical (median) home in Wakefield, VA is worth about $960,000, with entry-level homes around $794,000 and upper-end homes around $1.1M, as of October 2026.
How much is rent in Wakefield, VA?
A 2-bedroom rents for about $2,180 a month in Wakefield, VA, a 1-bedroom about $1,950 and a 3-bedroom about $2,740 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.