Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 16,276 people, 5,418 houses or apartments, and a median cost of homes of $1,203,682, Vienna house prices are not only among the most expensive in Virginia, Vienna real estate also is some of the most expensive in all of America.
Vienna is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Vienna than is found in 98% of the communities in America.
The large homes that make up Vienna are primarily owner-occupied ( 84.92%).
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Vienna's housing was primarily built during this period, from the '40s through the '60s. A full 51.73% of the town's housing hails from this era. Other housing ages represented in Vienna include homes built between 1970-1999 ( 26.00%) and housing constructed between 2000 and later ( 21.64%).
Vienna's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Vienna during the period has been just 4.64%, which is lower than 80% of US communities.
Appreciation rates are so strong in Vienna that despite a nationwide downturn in the housing market, Vienna real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Vienna appreciation rates continue to be some of the highest in America, at 9.76%, which is higher than appreciation rates in 86.07% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Vienna. Vienna appreciation rates in the latest quarter were at 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes Vienna one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Virginia, our data show that Vienna's latest annual appreciation rate is higher than 90% of the other cities and towns in Virginia.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Vienna differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Vienna - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Vienna real estate investment or home purchase decisions.
$1,203,682
for Virginia
for nation
5,418
$3,998 / per month