Reston, Virginia Housing Market Prices
Reston 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 117% above the Virginia median$556,131
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Median rent 42% above the Virginia median$2,237
Housing Market Overview
| Metric | Reston | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $556,131 | $256,082 | $248,835 |
| Price Trend (Annual %) | 11.2% | 3.5% | 7.5% |
| Median Gross Rent | $2,237 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Reston is about 117% higher than in Virginia. Rent is about 42% 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 Reston, up about 11.2% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Reston rose about 35.1% between 2015 and 2024, from $1,656 to $2,237. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Reston.
Buying the median-priced home in Reston costs roughly 20.7 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 Reston. The price-to-rent ratio in Virginia is about 13.5.
| Metric | Reston | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $556,131 | $256,082 | $248,835 |
| Median Household Income | $150,339 | $93,527 | $80,455 |
| Price-to-Income Ratio | 3.7 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Reston rose about 84.8%, while median household income rose about 42.3% 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 | Reston | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.3% | 61.5% | 58.5% |
| Rental Rate | 37.0% | 29.8% | 31.2% |
| Vacancy Rate | 5.7% | 8.7% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
Reston has a homeownership rate of 57.3%, lower than the Virginia average of 61.5%. Its housing vacancy rate is 5.7%, compared with 8.7% in Virginia.
Housing Stock
| Metric | Reston | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 1986 | 1982 | 1978 |
| Median Number of Rooms | 5.3 | 6.0 | 5.5 |
The typical housing unit in Reston was built around 1986. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Reston, Virginia.
What is the median home price in Reston, Virginia?
The median home price in Reston, Virginia is $556,131, higher than the Virginia average of $256,082.
What is the average home price in Reston, Virginia?
The typical home price in Reston, Virginia, reported as the median sale price, is $556,131. 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 Reston, Virginia?
The median gross rent in Reston, Virginia is $2,237 per month, higher than the Virginia average of $1,579.
What was the median gross rent in Reston in 2020?
In 2020, the median gross rent in Reston, Virginia was $1,906 per month.
What is the price-to-rent ratio in Reston, Virginia?
The price-to-rent ratio in Reston, Virginia is about 20.7, meaning it would take roughly 20.7 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 Reston.
Are home prices or rent rising faster in Reston, Virginia?
Both home prices and rent are rising in Reston, up about 11.2% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Reston, Virginia?
57.3% of households in Reston, Virginia own their home, lower than the Virginia average of 61.5%.
What is the vacancy rate in Reston, Virginia?
The housing vacancy rate in Reston, Virginia is 5.7%, lower than the Virginia average of 8.7%.
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