McLean, VA is a highly desirable area in which to live, as evidenced by its median housing value of $1,186,400. This figure is significantly higher than the US median housing value of $338,100 and proves that McLean offers luxurious real estate options. The US housing appreciation rate over the last year was 8.27%, while in McLean it was 4.44%. Though this figure is lower than the national average, it still shows an increase in property values and a healthy real estate market within the area.
The median home cost in McLean is $1,186,400. Home appreciation the last 10 years has been 61.7%. Home Appreciation in McLean is up 10.9%.
Average Age of Homes
- The median age of McLean real estate is 44 years old
The Rental Market in McLean
- Renters make up 12.5% of the McLean population
- 1.1% of houses and apartments in McLean, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.