Reston, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Reston Neighborhoods Since 2000




Reston, VA Real Estate Data


Reston Housing Market Information

With a population of 61,411, 25,351 total housing units (homes and apartments), and a median house value of $558,083, 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 42.82% of the town's housing units. Other types of housing that are prevalent in Reston include row houses and other attached homes ( 30.93%), single-family detached homes ( 23.89%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.31%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

The most prevalent building size and type in Reston are three and four bedroom dwellings. The town has a mixture of owners and renters, with 60.51% owning and 39.49% renting.

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 ( 12.01%). A lesser amount of the housing stock also hails from between 1940-1969 ( 11.43%).

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 -0.25% during the period.

NeighborhoodScout's data show that during the latest twelve months, Reston's appreciation rate, at 4.61%, has been at or slightly above the national average. In the latest quarter, Reston's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

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:
$558,083

Reston, VA HOME PRICES

Value Range
> $1,170,000 3.8
$877,001 - $1,170,000 10.2
$585,001 - $877,000 26.7
$468,001 - $585,000 16.5
$351,001 - $468,000 18.9
$234,001 - $351,000 14.4
$117,001 - $234,000 8.2
$59,001 - $117,000 0.2
$0 - $59,000 1.2

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
4.90132927329156 4.15512465373961

Number Of Homes And Apartments:
25,351

Rent & Ownership

 

Average Market Rent:
$1,936 / per month

Homeownership Rate

Homeownership
Owners 60.51
Renters 39.49
Vacant 4.95

Housing Market Details

 

Age of Homes

AGE OF Reston HOMES
2000 or Newer 12.0
1970 - 1999 75.9
1940 - 1969 11.4
1939 or Older 0.6

Types of Homes

TYPE OF Reston HOMES
Single-Family 23.9
Townhomes 30.9
Small Apt. Buildings 2.3
Apt. Complexes 42.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Reston HOMES
No Bedroom 0.98
1 Bedroom 14.25
2 Bedrooms 30.87
3 Bedrooms 28.51
4 Bedrooms 17.92
5 or more bedrooms 7.48

Reston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
113.42% 4.56% 10 10
* 10 is highest