Living in Reston, VA
Reston is a vibrant, planned community located in Northern Virginia, known for its beautiful parks, lakes, and vibrant mixed-use developments. With a strong emphasis on community engagement and outdoor activities, Reston offers a balanced lifestyle with access to nature and urban amenities. Its proximity to Washington D.C. makes it an ideal location for both residents and professionals working in the capital city.
Current Market Conditions in Reston, VA
The Reston real estate market currently exhibits a strong demand, fueled by its strategic location and high-quality lifestyle. With a mix of single-family homes, townhouses, and condos, there is something for every buyer. Currently, the market shows limited inventory, which has kept home prices stable, despite fluctuations in surrounding areas.
Recent developments around the Reston Town Center and the extension of the Metro line have further increased interest in the area. New constructions and renovations are common, as builders aim to meet the needs of a growing population seeking modern amenities and easy access to transportation.
Home Value Estimator For Reston, VA
There are currently 23,136 real estate properties
in Reston, VA,
with a median automated valuation model (AVM) price
of $630,160.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Reston, VA, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Reston, VA,
is $845,193.00, with the most expensive house
in Reston, VA, topping out
at $209,460,592.00 and the cheapest home
in Reston, VA,
clocking in at $10,970.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Reston, VA!
Rent Prices
In Reston, VA
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Reston, VA, is on
a rollercoaster ride. The
average rent price in Reston, VA,
is $2,403.00. Indeed, when looking to rent in
Reston, VA, you can expect to pay as little
as $740.00 or as much
as $7,100.00,
with the average rent median estimated to
be $2,300.00. The good news is that finding
an affordable and desirable property to rent in Reston, 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.
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