Herndon, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Herndon Neighborhoods Since 2000




Herndon, VA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Herndon Housing Market Information

With a population of 24,568, 7,652 total housing units (homes and apartments), and a median house value of $422,167, Herndon house prices are not only among the most expensive in Virginia, Herndon 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 Herndon, accounting for 39.78% of the town's housing units. Other types of housing that are prevalent in Herndon include large apartment complexes or high rise apartments ( 30.66%), row houses and other attached homes ( 28.69%).

The most prevalent building size and type in Herndon are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.45% owning and 40.55% renting.

There is a lot of housing in Herndon 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 Herndon built between 2000 and later ( 10.88%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.48%). There's also some housing in Herndon built before 1939 ( 1.51%).

Herndon Home Appreciation Rates

Herndon's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Herndon during the period has been just -0.86%, which is lower than 70% of US communities.

Over the last year, Herndon appreciation rates have trailed the rest of the nation. In the last twelve months, Herndon's appreciation rate has been 1.26%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Herndon were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Virginia, our data show that Herndon's latest annual appreciation rate is lower than 50% 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 Herndon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Herndon - 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 Herndon real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$422,167

Herndon, VA HOME PRICES

Value Range
> $1,098,000 1.1
$824,001 - $1,098,000 2.2
$549,001 - $824,000 19.7
$439,001 - $549,000 18.9
$329,001 - $439,000 26.7
$220,001 - $329,000 20.2
$110,001 - $220,000 9.9
$55,001 - $110,000 0.0
$0 - $55,000 1.3

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
8.43782960271886 9.97229916897507

Number Of Homes And Apartments:
7,652

Herndon Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
83.05% 3.57% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,217 / per month

Homeownership Rate

Homeownership
Owners 59.45
Renters 40.55
Vacant 7.26

Housing Market Details

 

Age of Homes

AGE OF Herndon HOMES
2000 or Newer 10.9
1970 - 1999 78.1
1940 - 1969 9.5
1939 or Older 1.5

Types of Homes

TYPE OF Herndon HOMES
Single-Family 39.8
Townhomes 28.7
Small Apt. Buildings 0.5
Apt. Complexes 30.7
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Herndon HOMES
No Bedroom 0.84
1 Bedroom 9.53
2 Bedrooms 20.25
3 Bedrooms 33.84
4 Bedrooms 24.08
5 or more bedrooms 11.47