McLean's October First-Time Homebuyer Report

With 48,115 residents, McLean is a larger than average city in Virginia. Also, with a 10.2% increase over the last 10 years, its population is growing faster than other parts of the state. Its three largest zip codes are 22101, 22043, and 22102. Homes in McLean are older than most with a median age of 41 years. The best schools in the city are Churchill Road Elementary School, Cooper Middle School, and Langley High School.

Price Range

The median value of homes in McLean is $758,700, making it one of the most valuable areas in Virginia. At the same time, the average list price of available homes is presently $1,530,639. The McLean market showed strong improvement this week as sales climbed 2.0% to reach 51 homes sold over the last 30 days, breaking above the average sales volume for the prior 12 months.

Curious as to which homes have been getting the most attention in McLean? These listings have stirred up interest and produced the most views:

$11.5M   $5.8M   $6.5M  

Typical Dwelling

The typical dwelling in McLean is a five-bedroom detached home worth about $1,608,778. To purchase a similar home, a buyer with good credit and a $321,756 cash down payment could obtain a mortgage with a 3.95% interest rate and a $4,429 monthly payment. The property tax rate is $10.67 per $1,000 of taxable assessed value.

Get started right now by checking out McLean homes for sale or reviewing McLean real estate trends.

Data reported through 10/13/2016


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