The housing market in Lorton, VA (zip code 22079) is considered to be strong with a median value of $578,000. This is significantly higher than the US House Median Value of $338,100, indicating that home prices in the area are well above average. Although the US House Appreciation rate over one year was 8.27%, the appreciation rate for homes in Lorton was slightly lower at 3.59%. Despite this decrease, it still implies that home values have appreciated well within a short timeframe and therefore remain an attractive option for potential buyers and investors alike.
The median home cost in Lorton (zip 22079) is $578,000. Home appreciation the last 10 years has been 55.5%. Home Appreciation in Lorton (zip 22079) is up 8.6%.
Average Age of Homes
- The median age of Lorton (zip 22079) real estate is 22 years old
The Rental Market in Lorton (zip 22079)
- Renters make up 31.4% of the Lorton (zip 22079) population
- 2.6% of houses and apartments in Lorton (zip 22079), 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.