Herndon, Virginia Housing Market Prices
Herndon Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 7% above the Virginia median$275,045
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Median rent 43% above the Virginia median$2,258
Housing Market Overview
| Metric | Herndon | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,045 | $256,082 | $248,835 |
| Price Trend (Annual %) | -14.6% | 3.5% | 7.5% |
| Median Gross Rent | $2,258 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 3.0% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Herndon is about 7% higher than in Virginia. Rent is about 43% higher than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Herndon: home prices fell about 14.6% a year while rent rose about 3.0% a year. That is an unusual pattern worth watching.
Median rent in Herndon rose about 28.3% between 2015 and 2024, from $1,761 to $2,258. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 1.8 yearly household incomes in Herndon.
Buying the median-priced home in Herndon costs roughly 10.1 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Herndon. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Herndon | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,045 | $256,082 | $248,835 |
| Median Household Income | $149,517 | $93,527 | $80,455 |
| Price-to-Income Ratio | 1.8 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Herndon fell about 47.2%, while median household income rose about 59.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Herndon | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.2% | 61.5% | 58.5% |
| Rental Rate | 36.4% | 29.8% | 31.2% |
| Vacancy Rate | 3.4% | 8.7% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Herndon has a homeownership rate of 60.2%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 3.4%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Herndon | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.17 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1984 | 1982 | 1978 |
| Median Number of Rooms | 6.1 | 6.0 | 5.5 |
The typical housing unit in Herndon was built around 1984. On average, 3.2 people live in a home with about 6.1 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Herndon, Virginia.
What is the median home price in Herndon, Virginia?
The median home price in Herndon, Virginia is $275,045, higher than the Virginia average of $256,082.
What is the average home price in Herndon, Virginia?
The typical home price in Herndon, Virginia, reported as the median sale price, is $275,045. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Herndon, Virginia?
The median gross rent in Herndon, Virginia is $2,258 per month, higher than the Virginia average of $1,579.
What was the median gross rent in Herndon in 2020?
In 2020, the median gross rent in Herndon, Virginia was $1,831 per month.
What is the price-to-rent ratio in Herndon, Virginia?
The price-to-rent ratio in Herndon, Virginia is about 10.1, meaning it would take roughly 10.1 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Herndon.
Are home prices or rent rising faster in Herndon, Virginia?
Home prices and rent are moving in opposite directions in Herndon: home prices fell about 14.6% a year while rent rose about 3.0% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Herndon, Virginia?
60.2% of households in Herndon, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Herndon, Virginia?
The housing vacancy rate in Herndon, Virginia is 3.4%, lower than the Virginia average of 8.7%.
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