McNair, Virginia Housing Market Prices
McNair 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 76% above the Virginia median$449,999
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Median rent 45% above the Virginia median$2,286
Housing Market Overview
| Metric | McNair | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $449,999 | $256,082 | $248,835 |
| Price Trend (Annual %) | 1.6% | 3.5% | 7.5% |
| Median Gross Rent | $2,286 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in McNair is about 76% higher than in Virginia. Rent is about 45% 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 McNair, up about 1.6% and 3.2% a year respectively. Rent is changing faster.
Median rent in McNair rose about 29.6% between 2015 and 2024, from $1,763 to $2,286. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in McNair.
Buying the median-priced home in McNair costs roughly 16.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in McNair. The price-to-rent ratio in Virginia is about 13.5.
| Metric | McNair | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $449,999 | $256,082 | $248,835 |
| Median Household Income | $124,122 | $93,527 | $80,455 |
| Price-to-Income Ratio | 3.6 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in McNair rose about 31.0%, while median household income fell about 3.9% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | McNair | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 24.4% | 61.5% | 58.5% |
| Rental Rate | 71.3% | 29.8% | 31.2% |
| Vacancy Rate | 4.3% | 8.7% | 10.2% |
| Median Tenure (years) | 7.0 | 15.0 | 15.0 |
| Median Year Moved In | 2019 | 2011 | 2011 |
McNair has a homeownership rate of 24.4%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 4.3%, compared with 8.7% in Virginia.
Housing Stock
| Metric | McNair | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 2004 | 1982 | 1978 |
| Median Number of Rooms | 4.1 | 6.0 | 5.5 |
The typical housing unit in McNair was built around 2004. On average, 2.4 people live in a home with about 4.1 rooms, staying for about 7.0 years on average.
Frequently Asked Questions
Common questions about the housing market in McNair, Virginia.
What is the median home price in McNair, Virginia?
The median home price in McNair, Virginia is $449,999, higher than the Virginia average of $256,082.
What is the average home price in McNair, Virginia?
The typical home price in McNair, Virginia, reported as the median sale price, is $449,999. 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 McNair, Virginia?
The median gross rent in McNair, Virginia is $2,286 per month, higher than the Virginia average of $1,579.
What was the median gross rent in McNair in 2020?
In 2020, the median gross rent in McNair, Virginia was $1,874 per month.
What is the price-to-rent ratio in McNair, Virginia?
The price-to-rent ratio in McNair, Virginia is about 16.4, meaning it would take roughly 16.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in McNair.
Are home prices or rent rising faster in McNair, Virginia?
Both home prices and rent are rising in McNair, up about 1.6% and 3.2% a year respectively. Rent is changing faster.
What is the homeownership rate in McNair, Virginia?
24.4% of households in McNair, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in McNair, Virginia?
The housing vacancy rate in McNair, Virginia is 4.3%, lower than the Virginia average of 8.7%.
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