McLean, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating McLean Neighborhoods Since 2000




McLean, 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

McLean Housing Market Information

With a population of 50,525, 16,752 total housing units (homes and apartments), and a median house value of $1,076,354, McLean house prices are not only among the most expensive in Virginia, McLean real estate also is some of the most expensive in all of America.

McLean is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in McLean than is found in 98% of the communities in America.

The large homes that make up McLean are primarily owner-occupied ( 85.86%).

There is a lot of housing in McLean 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 McLean built between 1940-1969 ( 42.10%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.29%). There's also some housing in McLean built before 1939 ( 2.68%).

McLean Home Appreciation Rates

Appreciation rates for homes in McLean have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.89%, which ranks in the top 30% nationwide. This equates to an annual average McLean house appreciation rate of 1.13%.

Over the last year, McLean appreciation rates have trailed the rest of the nation. In the last twelve months, McLean's appreciation rate has been 0.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in McLean were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Virginia, our data show that McLean's latest annual appreciation rate is lower than 60% 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 McLean differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in McLean - 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 McLean real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$1,076,354

McLean, VA HOME PRICES

Value Range
> $1,095,000 44.5
$822,001 - $1,095,000 24.5
$547,001 - $822,000 22.1
$438,001 - $547,000 2.7
$329,001 - $438,000 2.5
$219,001 - $329,000 1.6
$109,001 - $219,000 0.7
$55,001 - $109,000 0.7
$0 - $55,000 0.8

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
0.890659791398101 0.554016620498615

Number Of Homes And Apartments:
16,752

McLean 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
112.69% 4.47% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,566 / per month

Homeownership Rate

Homeownership
Owners 85.86
Renters 14.14
Vacant 4.31

Housing Market Details

 

Age of Homes

AGE OF McLean HOMES
2000 or Newer 12.3
1970 - 1999 42.9
1940 - 1969 42.1
1939 or Older 2.7

Types of Homes

TYPE OF McLean HOMES
Single-Family 82.8
Townhomes 11.1
Small Apt. Buildings 0.3
Apt. Complexes 5.7
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF McLean HOMES
No Bedroom 0.78
1 Bedroom 3.11
2 Bedrooms 4.44
3 Bedrooms 22.15
4 Bedrooms 36.74
5 or more bedrooms 32.78