The typical owner-occupied home in Reston is worth about $642,000, 67% above the Virginia median of $383,700 and 93% above the national median of $332,700. Owners pay a median $6,573 a year in property taxes, about 1.02% of their home's value, higher than the Virginia rate of 0.73%. The median household earns $148,710 a year, so the median home costs 4.3 times the median income (4.1 times for Virginia). 61% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.
Reston at a glance
| Reston | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $642,000 | $383,700 | $332,700 |
| Median property tax paid per year | $6,573 | $2,790 | $3,119 |
| Property tax as a share of value | 1.02% | 0.73% | 0.94% |
| Median household income | $148,710 | $93,170 | $80,734 |
| Homes lived in by their owners | 61% | 67% | 65% |
| Owner homes with a mortgage | 72% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $2,861 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 20.1% | 21.0% |
| Median rent | $2,231 | $1,579 | $1,413 |
| Rent as a share of renters' income | 25.1% | 29.4% | 30.6% |
| Median year homes were built | 1984 | 1984 | 1980 |
| Vacant homes | 5.9% | 8.7% | 10.1% |
| Population | 64,414 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Reston
At this week's average 30-year rate of 7.11%, buying the median Reston home of $642,000 with 20% down costs about $4,268 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,338, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $182,924 for the 20%-down payment. That payment is 34% of the median Reston household income of $148,710; at that income and 20% down, the 28% guideline points to a home of about $522,000.
The median rent here is $2,231 a month, so owning the median home costs about $2,037 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $128,400 |
|---|---|
| Loan amount | $513,600 |
| Principal and interest | $3,455 |
| Property taxes (1.02% a year) | $546 |
| Homeowners insurance (our estimate, 0.5% a year) | $268 |
| PMI | $0 |
| Total per month | $4,268 |
Change the numbers in the calculator
| Down payment | $22,470 |
|---|---|
| Loan amount | $630,372 |
| Principal and interest | $4,241 |
| Property taxes (1.02% a year) | $546 |
| Homeowners insurance (our estimate, 0.5% a year) | $268 |
| FHA mortgage insurance | $284 |
| Total per month | $5,338 |
Change the numbers in the calculator
Questions about home buying in Reston
What is the median home value in Reston?
About $642,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Reston?
Homeowners pay a median $6,573 a year, which is about 1.02% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Reston?
For the median home with 20% down at 7.11%, the payment is about $4,268 a month. Keeping that under 28% of gross income takes about $182,924 a year.
More about Reston
- Mortgage Refinance in Reston
- Debt Relief in Reston
- Home Equity Loans in Reston
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data