Tysons Corner (McLean), VA

Population: 48,115
Average annual home appreciation rate: 10.79%
Total of homes for sale in this market: 238
Median home price: $1,009,804
Median Rent: $2,327 per room
Home price range: 39.75% of homes > $1,120,000
Median sales price: $975,000
Number of homes: 33
Median foreclosure sales price: $755,500
Foreclosure discount: 23%
Most common home type: 82.99% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 4.24%
Number of renters: 13.28%
Number of owner occupied: 86.72%
Number people living below poverty level: 2.29%
Unemployment rate: 3.60%
Is this area perfect for real estate deals going on right now? Homes have a track record of well over a decade of great performance. Home appreciation alone would help a home owner/investor in the McLean market to make a positive ROI. Home prices are steep in this area, but if one notices the ‘troubled’ properties, and works with the motivated owners of these properties, there are great opportunities for ROI in this market if one can get into a discounted property.

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