Herndon, VA—20171
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 $799,000, with a year-over-year change of 0.7%. This indicates that home prices in Herndon, VA are flat. 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 | $799,000 | 0.7% |
| Single Family | $849,000 | 0.5% |
| Condos | $488,000 | 1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $290,000 | -1.0% |
2 Bed | $469,000 | 0.6% |
3 Bed | $640,000 | 0.5% |
4 Bed | $927,000 | 0.5% |
| 5 Bed | $1,097,000 | 0.5% |
% of Housing Stock
Rental Trends — Herndon, VA
As of July '25, Rentcast reports the average rent in Herndon, VA is $3,200, with a year-over-year rent change of 19.9%. Per bedroom, the median rent as of July '25 in Herndon, VA is studios: $1,850, 1-bedrooms: $1,840, 2-bedrooms: $2,500, 3-bedrooms: $3,230, 4-bedrooms: $3,900. The most common rental property sizes in Herndon, VA are 2-bedroom and 1-bedroom, accounting for 41.0% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $3,200 |
| Studio Rent | $1,880 | $1,850 |
| 1 Bed Rent | $1,950 | $1,840 |
| 2 Bed Rent | $2,500 | $2,500 |
| 3 Bed Rent | $3,100 | $3,230 |
| 4 Bed Rent | $3,900 | $3,900 |
% 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 36. This is a increase of 46.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $692,000 | 3.0% |
Listing Count | 99 | 17.0% |
| Listings as % of Homes | 0.3% | 17.0% |
Days on Market | 36 | 46.0% |
Demographics — Herndon, VA
As of the latest ACS Survey released in 2023, Herndon, VA has a population of 50,800, which has remained stable by 0.9% over the past 5 years. Herndon, VA is a moderately popular place for families, as children make up 23.8% of the population. The area has a highly educated workforce, with 73.8% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,800 | 0.9% |
% Under 18 | 23.8% | -12.2% |
% Seniors | 9.9% | 33.8% |
% WFH | 31.6% | 285.4% |
% w/ College Degree | 73.8% | 0.8% |
As of the latest ACS Survey released in 2023, Herndon, VA is a predominantly white area, with 43.9% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Herndon, VA is asian, making up 33.4% of the population. Foreign-born residents account for 34.6% of the population in Herndon, VA, and this percentage has increased by 1.5% 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 | 43.9% | -3.5% |
% Black | 9.1% | -3.2% |
% Hispanic | 8.3% | 6.4% |
% Asian | 33.4% | -1.8% |
% Foreign Born | 34.6% | 1.5% |
Mortgage and Risk — Herndon, VA
According to HUD data as of 2023, there were 710 mortgage originations in Herndon, VA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 20.0% 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. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 710 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Herndon, VA
As of 2024, the percent of homes in Herndon, VA under the Section 8 program is 2.9%. 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 and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Herndon, VA, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 297 |
Total Units Section 8 | 276 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 95.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $370 | $1,950 | $2,320 |
| 2 Bedroom | $110 | $2,500 | $2,610 |
| 3 Bedroom | $160 | $3,100 | $3,260 |
| 4 Bedroom | -$50 | $3,900 | $3,850 |
Affordability — Herndon, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $799,000 |
| Median Household Income | $166,000 |