Reston, VA

Population: 58,404
Average annual home appreciation rate: 0.75%
Total of homes for sale in this market: 314
Median home price: $481,465
Median Rent: $1,759 per room
Home price range: 28.94% of homes are between $552,001 – $828,000
Median sales price: $436,000
Number of homes: 55
Median foreclosure sales price: $344,950
Foreclosure discount: 21%
Most common home type: 41.19% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 5.06%
Number of renters: 37.56%
Number of owner occupied: 62.44%
Number people living below poverty level: 7.93%
Unemployment rate: 4.00%
Is this area perfect for real estate deals going on right now? Home prices in Reston are higher than what most real estate investors are interested in…although, there are factors that are getting investors involved in the market in Reston… here are a few: 1. Solid, and strong track record of positive home appreciation. 2. High rental rates 3. Discounts on troubled properties (21%)

Leave a Reply

Your email address will not be published. Required fields are marked *