22102 Home Prices & Values

$504,900 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 7.4% 1-year change
  • 1.1% 1-year forecast

Market Temperature: CoolWhat's This?
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Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this zip code relative to other zip codes in the same metropolitan area. A particular zip code may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Buyers' Market Sellers' Market

The median home value in 22102 is $504,900. 22102 home values have gone up 7.4% over the past year and Zillow predicts they will rise 1.1% within the next year. The median list price per square foot in 22102 is $387, which is lower than the Mc Lean average of $434. The median price of homes currently listed in 22102 is $1,100,000 while the median price of homes that sold is $429,775. The median rent price in 22102 is $2,000, which is lower than the Mc Lean median of $2,320.

Foreclosures will be a factor impacting home values in the next several years. In 22102 0.7 homes are foreclosed (per 10,000). This is greater than the Mc Lean value of 0.3 and also lower than the national value of 4.8

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in 22102 is 1.6%, which is lower than the national value of 7.2%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 22102 homeowners underwater on their mortgage is 9.9%, which is higher than Mc Lean at 5.9%.

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Relative ZHVI
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22102 Market Overview

Data through May 31, 2014
  • $504,900 ZHVI
  • 1.1% 1-yr forecast What's This?  
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    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more

    (May 31, 2015)
  • $1,100,000 Median listing price
  • $429,775 Median sale price (Apr 30, 2014)
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22102 Market Health

Data through May 31, 2014
  • 8.3/10 Very healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average of days on Zillow
  • 9.9% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 1.6% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

0.7 homes(Feb 28, 2014) 22102
0.3 homes(Apr 30, 2014) Mc Lean
4.8 homes United States
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Nearby Zip Codes

Name Median ZHVI Name Median ZHVI Name Median ZHVI
22101 $920,500 22027 $877,200 20818 $826,900
22182 $801,400 22181 $706,400 22046 $623,600
22180 $598,400 22043 $533,600  

Listings & Sales

Data through May 31, 2014
  • $387 Median list price / sq ft
  • $350 Median sale price / sq ft
  • 27.9% Listings with price cut
9.0%
Sold below listing
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22102 Rentals

Data through May 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$2,341 22102
$3,504 Mc Lean
$1,310 United States
  • 3.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2013)
  • $2,000 Rent list price
  • $2.01 Rent list price / sq ft
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