McLean, Virginia Housing Market Prices
McLean 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 307% above the Virginia median$1,042,273
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Median rent 83% above the Virginia median$2,882
Housing Market Overview
| Metric | McLean | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,042,273 | $256,082 | $248,835 |
| Price Trend (Annual %) | 0.0% | 3.5% | 7.5% |
| Median Gross Rent | $2,882 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 1.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in McLean is about 307% higher than in Virginia. Rent is about 83% higher than the Virginia average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in McLean, up about 0.0% and 1.2% a year respectively. Rent is changing faster.
Median rent in McLean rose about 15.8% between 2015 and 2024, from $2,488 to $2,882. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in McLean.
Buying the median-priced home in McLean costs roughly 30.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in McLean. The price-to-rent ratio in Virginia is about 13.5.
| Metric | McLean | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,042,273 | $256,082 | $248,835 |
| Median Household Income | $209,744 | $93,527 | $80,455 |
| Price-to-Income Ratio | 5.0 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in McLean rose about 0.9%, while median household income rose about 132.1% 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 | McLean | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.2% | 61.5% | 58.5% |
| Rental Rate | 17.4% | 29.8% | 31.2% |
| Vacancy Rate | 4.4% | 8.7% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
McLean has a homeownership rate of 78.2%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 4.4%, compared with 8.7% in Virginia.
Housing Stock
| Metric | McLean | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.80 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1978 | 1982 | 1978 |
| Median Number of Rooms | 8.6 | 6.0 | 5.5 |
The typical housing unit in McLean was built around 1978. On average, 2.8 people live in a home with about 8.6 rooms, staying for about 15.0 years on average.
McLean, VA Housing Compared With Nearby Cities
How McLean, VA compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| McLean, VA | 50,555 | $1,042,273 #1/2 | $2,882 #1/2 | 81.8% #1/2 |
| Tysons, VA | 24,552 | $576,031 | $2,476 | 39.2% |
Frequently Asked Questions
Common questions about the housing market in McLean, Virginia.
What is the median home price in McLean, Virginia?
The median home price in McLean, Virginia is $1,042,273, higher than the Virginia average of $256,082.
What is the average home price in McLean, Virginia?
The typical home price in McLean, Virginia, reported as the median sale price, is $1,042,273. 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 McLean, Virginia?
The median gross rent in McLean, Virginia is $2,882 per month, higher than the Virginia average of $1,579.
What was the median gross rent in McLean in 2020?
In 2020, the median gross rent in McLean, Virginia was $2,545 per month.
What is the price-to-rent ratio in McLean, Virginia?
The price-to-rent ratio in McLean, Virginia is about 30.1, meaning it would take roughly 30.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in McLean.
Are home prices or rent rising faster in McLean, Virginia?
Both home prices and rent are rising in McLean, up about 0.0% and 1.2% a year respectively. Rent is changing faster.
What is the homeownership rate in McLean, Virginia?
78.2% of households in McLean, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in McLean, Virginia?
The housing vacancy rate in McLean, Virginia is 4.4%, lower than the Virginia average of 8.7%.
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