Ashburn, VA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Ashburn, VA Housing Market Trends

With 50,598 people, 17,835 houses or apartments, and a median cost of homes of $609,816, Ashburn house prices are not only among the most expensive in Virginia, Ashburn real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Ashburn, accounting for 38.25% of the town's housing units. Other types of housing that are prevalent in Ashburn include row houses and other attached homes ( 33.96%), large apartment complexes or high rise apartments ( 25.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.68%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Ashburn. Owner-occupied housing accounts for 72.58% of Ashburn's homes, and 55.95% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Ashburn built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Ashburn built between 2000 and later ( 44.84%). A lesser amount of the housing stock also hails from between 1940-1969 ( 1.80%).

Ashburn Home Appreciation Rates

Appreciation rates for homes in Ashburn have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 47.46%, which ranks in the top 50% nationwide. This equates to an annual average Ashburn house appreciation rate of 3.96%.

Appreciation rates are so strong in Ashburn that despite a nationwide downturn in the housing market, Ashburn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Ashburn appreciation rates continue to be some of the highest in America, at 13.53%, which is higher than appreciation rates in 91.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Ashburn. Ashburn appreciation rates in the latest quarter were at 3.00%, which equates to an annual appreciation rate of 12.56%.

Relative to Virginia, our data show that Ashburn's latest annual appreciation rate is higher than 90% of the other cities and towns in Virginia.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Ashburn differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Ashburn - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Ashburn real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$609,816

Ashburn, VA HOME PRICES

> $1,219,000
0.8%
0.8%
$915,001 - $1,219,000
8.0%
8.0%
$610,001 - $915,000
40.2%
40.2%
$488,001 - $610,000
18.4%
18.4%
$365,001 - $488,000
22.4%
22.4%
$243,001 - $365,000
7.0%
7.0%
$122,001 - $243,000
1.9%
1.9%
$61,001 - $122,000
0.6%
0.6%
$0 - $61,000
0.6%
0.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for VA

Value Relative To Nation

Number Of Homes And Apartments:
17,835

Ashburn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
119.07% 3.72%
9
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,932 / per month

Homeownership Rate

Owners
72.6%
72.6%
Renters
27.4%
27.4%
Vacant
3.7%
3.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
44.8%
44.8%
1970 - 1999
52.8%
52.8%
1940 - 1969
1.8%
1.8%
1939 or Older
0.5%
0.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
38.2%
38.2%
Townhomes
34.0%
34.0%
Small Apt. Buildings
1.7%
1.7%
Apt. Complexes
25.7%
25.7%
Mobile Homes
0.1%
0.1%
Other
0.3%
0.3%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.8%
0.8%
1 Bedroom
7.8%
7.8%
2 Bedrooms
24.1%
24.1%
3 Bedrooms
29.8%
29.8%
4 Bedrooms
26.1%
26.1%
5 or more bedrooms
11.4%
11.4%
0.0% 100.0%
% OF HOMES