Quick facts: Reston, VA

Quick Facts

106
Cost of Living
above US average
62,339
Population
1.92
Crime Rate per 1000
below US average
$135,503
Median Income
above US average
$638,500
Median House Price
above US average
$2812.31
Average Rent
above US average
5%
Poverty Rate
below US average
2.5%
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 $135,503.

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Income Needed to Buy

βœ— Stretch
$200k/year
Based on $638,500 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $200k vs median $135,503
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Income Needed to Rent

βœ“ Affordable
$121k/year
Based on $2812.31/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($135,503) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Reston, VA

Reston, Virginia, is a vibrant planned community located in Fairfax County, known for its unique blend of urban and suburban living. Established in the 1960s by Robert E. Simon, Reston was designed to provide residents with convenience, recreation, and a sense of community. The town features a mix of residential neighborhoods, commercial hubs, and ample green space. One of Reston’s standout features is its commitment to outdoor living, with over 1,300 acres of parks, lakes, and trails, including the popular W&OD Trail that stretches through Northern Virginia. The community is also home to numerous recreational facilities, such as pools, tennis courts, and sports fields, promoting an active lifestyle. Reston's town center, known as Reston Town Center, boasts a variety of shops, restaurants, and entertainment options, making it a social hub. The center is pedestrian-friendly, encouraging community gatherings and local events throughout the year. Reston is also strategically located near major highways and just a short distance from Washington, D.C., providing easy access to the capital's cultural, political, and economic opportunities. Overall, Reston combines convenience, community, and nature in a captivating and thriving environment.

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