Foreclosure Homes in Annandale, VA 22003

Current Market Conditions in Annandale, VA

The real estate market in Annandale is currently robust, with a steady supply of homes available for buyers. The demand remains high due to the area's proximity to Washington D.C., attracting both families and professionals. Homes are selling relatively quickly, and multiple offers are not uncommon in certain neighborhoods, reflecting a competitive market.

Over the past year, home values in Annandale have shown a steady increase, indicating a healthy appreciation trend. The local market has benefited from low mortgage rates, encouraging buyers to enter the market. A diverse range of properties—from townhouses to single-family homes—cater to varying buyer preferences.

Rent Prices In Annandale, VA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Annandale, VA, is on a rollercoaster ride. The average rent price in Annandale, VA, is $2,500.00. Indeed, when looking to rent in Annandale, VA, you can expect to pay as little as $790.00 or as much as $7,220.00, with the average rent median estimated to be $2,470.00. The good news is that finding an affordable and desirable property to rent in Annandale, VA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.