Table of Content
If you wish to report an issue or seek an accommodation, please contact us at BRIGHT MLS is the provider of this home sale information and has compiled content from various sources. Some properties represented may not have actually sold due to reporting errors.
The average effective property tax rate in the state of Virginia is 0.80%, meaning Virginians pay an average of 0.80% of their home value in annual property taxes. The average effective property tax rate in Fairfax County , however, is 1.03%. Though, combined with a statewide local rate of 1%, the effective floor for sales tax in the state is 5.3%. In addition to this rate, many localities impose their own sales tax.
Asking Price vs. Sold Price
Can sell for about 3% above list price and go pending in around 8 days. Can sell for about 1% above list price and go pending in around 5 days. Can sell for about 1% above list price and go pending in around 8 days. Median home value is the value which has equal numbers of homes valued above and below it. The median home value is more stable than the average home value, which can be greatly affected by a few very high or very low home values.
Fire risk estimates the risk of wildfires, based on the likelihood of burning in the future and the potential size and severity of a fire. Click on the risks below to learn which exist in McLean today and how they’ll change by 2050. Flood risk in McLean is increasing slower than the national average. No racist, discriminatory, vulgar or threatening language will be tolerated. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Secure your position in the market with a mortgage from Rocket Mortgage®, our sister company.
Most Dangerous Cities In Virginia
This information is obtained by reviewing repeat mortgage transactions on single-family properties whose mortgages have been purchased or securitized by Fannie Mae or Freddie Mac . Then proprietary algorithms developed by Dr. Schiller, NeighborhoodScout's founder, are applied to produce neighborhood appreciation rates. Appreciation rates are updated by NeighborhoodScout each quarter as additional mortgages are purchased or securitized by Fannie Mae and Freddie Mac. The new mortgage acquisitions are used to identify repeat transactions for the most recent quarter, then are fed into NeighborhoodScout's search algorithms. Our data are designed to capture changes in the value of single-family homes at the city, town and even the neighborhood level.
According to the most recent data on the cost of living, McLean has an overall cost of living index of 220 which is 2.2x higher than the national index of 100. The cost of living index is set to 100 for the average place in America. An index above 100 means McLean is expensive, while a number below 100 means it's a relatively cheap place to live. Save this search to get email alerts when listings hit the market. Visit our Seller Resource Center, backed by top agents, data analysis, and rigorous research. Here’s what you can do next with your housing market report.
Safest Places In Virginia
The latest migration analysis is based on a sample of about two million Redfin.com users who searched for homes across more than 100 metro areas. To be included in this dataset, a Redfin.com user must have viewed at least 10 homes in a three month period. The average homes sell for about 1% above list price and go pending in around 36 days.
It may be more expensive than other areas of Virginia to live in, but it is providing excellent schools, good housing options, and proximity to the nation’s capital. Depending on the size of the house you choose and the size of your family, it may be expensive or cheaper than other areas of Virginia, so you’ll want to keep that in mind when choosing where to live. Child care is a part of daily life that many people don’t talk about or think about because it just has to be done.
McLean Housing Market Overview
There are so many costs that add up every year we want to make sure you are as prepared as possible. Being so close to a city with so many restaurants, nightlife venues, cinemas, fitness clubs, and more, you will want to start going to do fun activities after moving to McLean, Virginia. The truth is there are many different things to do, a wide variety of things to do. Here is a list of activities that can help you determine that budget. Here is a list of some grocery items and prices in McLean; this can be a good starting place to figure out what you eat and how much you’ll spend a week or a month.
Mortgage transactions on condominiums or multi-unit properties are also excluded. As such, NeighborhoodScout does not produce appreciation rates for neighborhoods that consist solely of renters or have no single-family homes . Over the last year, McLean appreciation rates have trailed the rest of the nation.
Check out the latest Maps in a variety of categories including cost of living, population, and commute time. Tearing apart your drywall to insulate your walls is nothing but a hassle. You have to move everything out of that room, and sometimes you will have to move your whole family out of the house. The average private school tuition in McLean is $10,747 for elementary school and $17,508 per high school per year. Prices of private schools in McLean may be slightly higher or lower. Educating kids is expensive, even more so if you’re interested in sending them to private school.
The median home cost of living in McLean, Virginia is $926,900. However, this does not cover other living costs, such as child care, utilities, groceries, and taxes. With a cost of living index of 203.0, it is considerably more expensive than the US average of 100.0 and Virginia’s overall 103.7 cost of living index. Homes in McLean receive 1 offers on average and sell in around 35 days. The average sale price of a home in McLean was $1.3M last month, up 2.4% since last year. The average sale price per square foot in McLean is $409, up 8.8% since last year.
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