In 2017, the median value of housing in Herndon, VA was $595,300. This was significantly higher than the US house median value of $338,100. Despite this large difference in median values between Herndon and other areas of the country, the 1 year house appreciation rate for Herndon was only slightly lower than the national rate at 7.46%. This indicates that despite the high median value of housing in Herndon, people still felt comfortable investing in property here due to its relative stability compared to other markets.
The median home cost in Herndon (zip 20170) is $595,300. Home appreciation the last 10 years has been 66.4%. Home Appreciation in Herndon (zip 20170) is up 8.1%.
Average Age of Homes
- The median age of Herndon (zip 20170) real estate is 33 years old
The Rental Market in Herndon (zip 20170)
- Renters make up 31.5% of the Herndon (zip 20170) population
- 1.3% of houses and apartments in Herndon (zip 20170), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.