Once a sleepy bedroom community, Herndon is now made up primarily of commuters and has grown to become the third largest town in Virginia. Located in western Fairfax County?just minutes from Washington Dulles International Airport?Herndon is a high-tech center for emerging Internet companies. Although Herndon has grown to include some 22,000 residents, it has managed to maintain a unique sense of community and small-town charm. Real estate options in Herndon consist of single-family homes, condominiums and townhouses plus a limited selection of land and lots.
Each year, thousands of people enjoy a wide array of free concerts and special events held on the Town Green including the Herndon Festival, Summer Concert Series, Friday Night Live, Labor Day Jazz Festival and Folk Festival. Residents also have access to numerous recreational amenities including nine parks, a community center, the Washington and Old Dominion Bike Trail, and the Herndon Centennial Golf Course. There are more than 75 restaurants offering a delicious selection of international cuisine, and numerous hotels make visitors feel at home.
Herndon Real Estate Market: Price Range of Herndon Houses
The real estate market in Herndon, Virginia provides residents with plenty of housing choices. Condominiums in Herndon as well as Herndon townhouses start in the low $160,000s to $610,000. Homes in Herndon can be found starting at $365,000 and exceed $1.5 million for large Herndon estate properties with acreage. A very limited selection of Herndon land and lots is also available for custom homes.
Herndon Real Estate Stats and Trends for the week of April 20th, 2020: homes priced around $490,253 compared to $490,253 the previous week, to remain steady with no change in listing price. For Monday, April 20th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.