Herndon, VA—20170
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Herndon, VA
Home Price Trends — Herndon, VA
As of Oct '25, the median home price in Herndon, VA is $685,000, with a year-over-year change of 1.0%. This indicates that home prices in Herndon, VA are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $685,000 | 1.0% |
| Single Family | $709,000 | 0.6% |
| Condos | $331,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $280,000 | -1.1% |
2 Bed | $350,000 | 0.0% |
3 Bed | $553,000 | 0.9% |
4 Bed | $775,000 | 0.8% |
| 5 Bed | $891,000 | 0.8% |
% of Housing Stock
Rental Trends — Herndon, VA
As of July '25, Rentcast reports the average rent in Herndon, VA is $3,010, with a year-over-year rent change of 18.5%. Per bedroom, the median rent as of July '25 in Herndon, VA is studios: $2,150, 1-bedrooms: $1,660, 2-bedrooms: $2,690, 3-bedrooms: $3,020, 4-bedrooms: $3,660. The most common rental property sizes in Herndon, VA are 2-bedroom and 3-bedroom, accounting for 38.6% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,950 | $3,010 |
| Studio Rent | $1,990 | $2,150 |
| 1 Bed Rent | $1,800 | $1,660 |
| 2 Bed Rent | $2,500 | $2,690 |
| 3 Bed Rent | $2,950 | $3,020 |
| 4 Bed Rent | $3,600 | $3,660 |
% of Rental Stock
Property Listings — Herndon, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Herndon, VA is 32. This is a increase of 59.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $654,000 | -5.0% |
Listing Count | 89 | 64.0% |
| Listings as % of Homes | 0.3% | 64.0% |
Days on Market | 32 | 59.0% |
Demographics — Herndon, VA
As of the latest ACS Survey released in 2023, Herndon, VA has a population of 43,400, which has remained stable by 0.6% over the past 5 years. Herndon, VA is a moderately popular place for families, as children make up 23.9% of the population. The area has a highly educated workforce, with 56.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,400 | 0.6% |
% Under 18 | 23.9% | -5.9% |
% Seniors | 11.3% | 22.8% |
% WFH | 22.0% | 307.4% |
% w/ College Degree | 56.6% | 5.0% |
As of the latest ACS Survey released in 2023, Herndon, VA is a predominantly white area, with 40.9% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Herndon, VA is hispanic, making up 32.7% of the population. Foreign-born residents account for 37.8% of the population in Herndon, VA, and this percentage has increased by 2.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 40.9% | -2.2% |
% Black | 6.8% | -13.9% |
% Hispanic | 32.7% | 6.9% |
% Asian | 15.0% | -10.2% |
% Foreign Born | 37.8% | 2.2% |
Mortgage and Risk — Herndon, VA
According to HUD data as of 2023, there were 546 mortgage originations in Herndon, VA, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Herndon, VA. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 546 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Herndon, VA
As of 2024, the percent of homes in Herndon, VA under the Section 8 program is 2.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Herndon, VA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 92 |
Total Units Section 8 | 92 |
% Rentals under Section 8 | 2.3% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $1,800 | $2,090 |
| 2 Bedroom | -$150 | $2,500 | $2,350 |
| 3 Bedroom | -$10 | $2,950 | $2,940 |
| 4 Bedroom | -$130 | $3,600 | $3,470 |
Affordability — Herndon, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $685,000 |
| Median Household Income | $158,000 |