South Riding, Virginia Housing Market Prices
South Riding 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 138% above the Virginia median$609,721
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Median rent 83% above the Virginia median$2,889
Housing Market Overview
| Metric | South Riding | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $609,721 | $256,082 | $248,835 |
| Price Trend (Annual %) | -0.2% | 3.5% | 7.5% |
| Median Gross Rent | $2,889 | $1,579 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in South Riding is about 138% 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
Home prices and rent are moving in opposite directions in South Riding: home prices fell about 0.2% a year while rent rose about 3.6% a year. That is an unusual pattern worth watching.
Median rent in South Riding rose about 35.0% between 2015 and 2024, from $2,139 to $2,889. Over the same span, rent in Virginia rose about 41.5%.
Affordability
On average, housing unit costs 3.1 yearly household incomes in South Riding.
Buying the median-priced home in South Riding costs roughly 17.6 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 South Riding. The price-to-rent ratio in Virginia is about 13.5.
| Metric | South Riding | Virginia Avg | US Average |
|---|---|---|---|
| Median Home Price | $609,721 | $256,082 | $248,835 |
| Median Household Income | $194,741 | $93,527 | $80,455 |
| Price-to-Income Ratio | 3.1 | 2.7 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in South Riding fell about 2.4%, while median household income rose about 45.3% 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 | South Riding | Virginia Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 82.8% | 61.5% | 58.5% |
| Rental Rate | 16.0% | 29.8% | 31.2% |
| Vacancy Rate | 1.2% | 8.7% | 10.2% |
| Median Tenure (years) | 12.0 | 15.0 | 15.0 |
| Median Year Moved In | 2014 | 2011 | 2011 |
South Riding has a homeownership rate of 82.8%, higher than the Virginia average of 61.5%. Its housing vacancy rate is 1.2%, compared with 8.7% in Virginia.
Housing Stock
| Metric | South Riding | Virginia Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.32 people | 2.52 people | 2.53 people |
| Median Structure Built Year | 2005 | 1982 | 1978 |
| Median Number of Rooms | 7.2 | 6.0 | 5.5 |
The typical housing unit in South Riding was built around 2005. On average, 3.3 people live in a home with about 7.2 rooms, staying for about 12.0 years on average.
Frequently Asked Questions
Common questions about the housing market in South Riding, Virginia.
What is the median home price in South Riding, Virginia?
The median home price in South Riding, Virginia is $609,721, higher than the Virginia average of $256,082.
What is the average home price in South Riding, Virginia?
The typical home price in South Riding, Virginia, reported as the median sale price, is $609,721. 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 South Riding, Virginia?
The median gross rent in South Riding, Virginia is $2,889 per month, higher than the Virginia average of $1,579.
What was the median gross rent in South Riding in 2020?
In 2020, the median gross rent in South Riding, Virginia was $2,400 per month.
What is the price-to-rent ratio in South Riding, Virginia?
The price-to-rent ratio in South Riding, Virginia is about 17.6, meaning it would take roughly 17.6 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 South Riding.
Are home prices or rent rising faster in South Riding, Virginia?
Home prices and rent are moving in opposite directions in South Riding: home prices fell about 0.2% a year while rent rose about 3.6% a year. That is an unusual pattern worth watching.
What is the homeownership rate in South Riding, Virginia?
82.8% of households in South Riding, Virginia own their home, higher than the Virginia average of 61.5%.
What is the vacancy rate in South Riding, Virginia?
The housing vacancy rate in South Riding, Virginia is 1.2%, lower than the Virginia average of 8.7%.
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