Quick facts: Lorton, VA

Quick Facts

106
Cost of Living
above US average
22,049
Population
5.76
Crime Rate per 1000
below US average
$131,581
Median Income
above US average
$679,900
Median House Price
above US average
$2720.05
Average Rent
above US average
6%
Poverty Rate
below US average
3.1%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $131,581.

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Income Needed to Buy

βœ— Stretch
$213k/year
Based on $679,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $213k vs median $131,581
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Income Needed to Rent

βœ“ Affordable
$117k/year
Based on $2720.05/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($131,581) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Lorton, VA

Lorton, Virginia, is a suburban community located in Fairfax County, just south of Washington, D.C. Known for its picturesque landscapes and family-friendly atmosphere, Lorton offers a blend of residential comfort and easy access to urban amenities. The area features a mix of single-family homes, townhouses, and apartments, making it attractive to a diverse population. Lorton is home to several parks and recreational facilities, including the Occoquan Regional Park, which offers opportunities for hiking, picnicking, and boating. The community also has access to the historic Lorton Workhouse Arts Center, which showcases local art, theater, and culinary events. Transportation is convenient, with proximity to major highways such as I-95 and the Fairfax County Parkway, along with a commuter rail station that links residents to the greater D.C. metropolitan area. Shops, restaurants, and essential services are easily accessible, contributing to a vibrant local economy. Lorton’s combination of suburban charm and urban convenience makes it a desirable place for families and professionals alike, with excellent schools and a strong sense of community.

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