Annandale, VA 22003 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Annandale, VA—22003

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$767,000

0.9% YoY Growth

Household Income

$134,000

31.7% YoY Growth

Days on Market

4.0% Shorter YoY

Home Price Forecast

-1.6%

Median Rent

$3,250

11.1% YoY Growth

1-Bed Rent

$1,700

3.1% YoY Growth

2-Bed Rent

$2,100

12.4% YoY Growth

3-Bed Rent

$3,250

11.8% YoY Growth

Home Price Trends — Annandale, VA

As of May '26, the median home price in Annandale, VA is $767,000, with a year-over-year change of -0.9%. This indicates that home prices in Annandale, VA are flat. According to Zillow, the 1-year price projection is -1.6%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$767,000	-0.9%
Single Family	$834,000	-1.0%
Condos	$259,000	-2.3%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Annandale, VA

As of July '25, Rentcast reports the average rent in Annandale, VA is $3,210, with a year-over-year rent change of 11.1%. Per bedroom, the median rent as of July '25 in Annandale, VA is studios: $1,530, 1-bedrooms: $1,670, 2-bedrooms: $2,180, 3-bedrooms: $3,210, 4-bedrooms: $4,400. The most common rental property sizes in Annandale, VA are 2-bedroom and 3-bedroom, accounting for 34.5% and 28.5% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$3,250	$3,210
Studio Rent	$1,350	$1,530
1 Bed Rent	$1,700	$1,670
2 Bed Rent	$2,100	$2,180
3 Bed Rent	$3,250	$3,210
4 Bed Rent	$4,200	$4,400

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% of Rental Stock

Studio

3.7%

1 Bedroom

19.3%

2 Bedrooms

34.5%

3 Bedrooms

28.5%

4 Bedrooms

11.1%

5+ Bedrooms

2.9%

Property Listings — Annandale, VA

As of May '26, Realtor.com reports that the median days on market for a home in Annandale, VA is 23. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$872,000	-3.0%
Listing Count	135	-10.0%
Listings as % of Homes	0.3%	-10.0%
Days on Market	23	-4.0%

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Demographics — Annandale, VA

As of the latest ACS Survey released in 2023, Annandale, VA has a population of 58,200, which has decreased by -2.4% over the past 5 years. Annandale, 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 50.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.8% reporting working from home.

Metric	Latest Census	YoY % Change
Population	58,200	-2.4%
% Under 18	23.8%	6.2%
% Seniors	16.2%	11.0%
% WFH	19.8%	304.1%
% w/ College Degree	50.6%	2.6%

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As of the latest ACS Survey released in 2023, Annandale, VA is a predominantly white area, with 39.7% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Annandale, VA is hispanic, making up 27.8% of the population. Foreign-born residents account for 37.0% of the population in Annandale, VA, and this percentage has decreased by 9.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	39.7%	-3.9%
% Black	8.2%	20.6%
% Hispanic	27.8%	2.2%
% Asian	20.3%	-2.9%
% Foreign Born	37.0%	-9.5%

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Mortgage and Risk — Annandale, VA

According to HUD data as of 2023, there were 694 mortgage originations in Annandale, VA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Annandale, VA. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	694
% Conventional Loans	90.0%
% Government Loans	10.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	9.0%

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Rentals and Section 8 — Annandale, VA

As of 2024, the percent of homes in Annandale, VA under the Section 8 program is 9.3%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Annandale, VA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	507
Total Units Section 8	507
% Rentals under Section 8	9.3%
% Occupied Section 8	96.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$340	$1,700	$2,040
2 Bedroom	$200	$2,100	$2,300
3 Bedroom	-$370	$3,250	$2,880
4 Bedroom	-$810	$4,200	$3,390

Annandale, VA—22003

Key Metrics at a Glance

Home Price Trends — Annandale, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Annandale, VA

% of Rental Stock

Property Listings — Annandale, VA

Demographics — Annandale, VA

Race and Ethnicity

Mortgage and Risk — Annandale, VA

Mortgages

Rentals and Section 8 — Annandale, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Annandale, VA

Home Price to Income Ratio

Annandale, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Springfield, VA

Falls Church, VA

Fairfax, VA

Springfield, VA

Lincolnia, VA

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.2
Median Home Price	$767,000
Median Household Income	$134,000

Annandale, VA—22003

Key Metrics at a Glance

Home Price Trends — Annandale, VA

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Annandale, VA

% of Rental Stock

Property Listings — Annandale, VA

Demographics — Annandale, VA

Race and Ethnicity

Mortgage and Risk — Annandale, VA

Mortgages

Rentals and Section 8 — Annandale, VA

Section 8 Market Size

Section 8 Opportunity

Affordability — Annandale, VA

Home Price to Income Ratio

Annandale, VA — ZIP Code Boundary Map

Nearby ZIP Codes

Springfield, VA

Falls Church, VA

Fairfax, VA

Springfield, VA

Lincolnia, VA

Frequently Asked Questions

What is the average home price in Annandale, VA 22003?

How have home prices in Annandale, VA 22003 changed over the past year?

What is the home price projection for Annandale, VA 22003?

What are the demographics of Annandale, VA 22003?

How long does it take homes to sell in Annandale, VA 22003?

What is the average rent price in Annandale, VA 22003?