Reston, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Reston Neighborhoods Since 2000




Reston, 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

Reston Housing Market Information

With a population of 61,411, 25,324 total housing units (homes and apartments), and a median house value of $536,312, Reston house prices are not only among the most expensive in Virginia, Reston real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Reston, accounting for 41.71% of the town's housing units. Other types of housing that are prevalent in Reston include row houses and other attached homes ( 31.22%), single-family detached homes ( 24.26%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.80%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

People in Reston primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Reston has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Reston 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 Reston built between 2000 and later ( 12.41%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.07%).

Reston Home Appreciation Rates

Real estate appreciation rates in Reston's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.33% during the period.

Over the last year, Reston appreciation rates have trailed the rest of the nation. In the last twelve months, Reston's appreciation rate has been 2.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Reston were at -0.17%, which equates to an annual appreciation rate of -0.70%.

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

Average Home Values

 

Median Home Value:
$536,312

Reston, VA HOME PRICES

Value Range
> $1,108,000 4.1
$831,001 - $1,108,000 10.9
$554,001 - $831,000 27.6
$443,001 - $554,000 16.6
$332,001 - $443,000 18.3
$222,001 - $332,000 13.4
$111,001 - $222,000 7.7
$55,001 - $111,000 0.2
$0 - $55,000 1.2

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
4.99238251494199 4.70914127423823

Number Of Homes And Apartments:
25,324

Reston 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
107.38% 4.32% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,036 / per month

Homeownership Rate

Homeownership
Owners 60.58
Renters 39.42
Vacant 4.72

Housing Market Details

 

Age of Homes

AGE OF Reston HOMES
2000 or Newer 12.4
1970 - 1999 75.7
1940 - 1969 11.1
1939 or Older 0.8

Types of Homes

TYPE OF Reston HOMES
Single-Family 24.3
Townhomes 31.2
Small Apt. Buildings 2.8
Apt. Complexes 41.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Reston HOMES
No Bedroom 0.99
1 Bedroom 14.06
2 Bedrooms 31.16
3 Bedrooms 27.48
4 Bedrooms 18.32
5 or more bedrooms 7.99