The story of this market
The typical home in McLean, Virginia sells for about $1,950,000, or $583 per square foot.
Prices are up +18.9% from a year ago, so sellers still have some momentum. Homes take about 39 days to sell.
Monthly price momentum
Home values since 2015
+2.6%
VA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
McLean, Virginia
The McLean housing market remains highly competitive, characterized by significant year-over-year price appreciation and tight inventory levels. Strong demand from affluent buyers and corporate relocations continues to drive market activity, particularly for single-family homes. While some segments show signs of balance, the overall outlook remains positive due to the area's prestige and economic stability.
No ARED county foreclosure postings attributed to McLean yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 2.0% year over year.
Homes spend a median of 28 days on market with 0.1 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 5.93% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 2.9% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A significant natural area featuring hiking trails and waterfalls along the Potomac River, highly valued for its ecological diversity and recreational access.
A unique, inclusive playground designed for children of all abilities, serving as a major community anchor and family destination.
One of the largest shopping and dining destinations in the region, serving as a primary economic and social hub for McLean residents.
McLean is an ideal destination for affluent family buyers seeking top-tier school districts and high-end residential amenities. It also attracts corporate executives and professionals who value proximity to Washington, D.C., and the Tysons business district. The market is less suited for budget-conscious renters or first-time buyers, given the high barrier to entry and the premium nature of the housing stock.
McLean is served by the Fairfax County Public Schools system, which is nationally recognized for its academic rigor and high performance. The area's schools consistently rank among the best in the state, featuring robust extracurricular programs and high college-readiness metrics. This reputation for educational excellence is a primary driver of property demand and long-term value retention in the community.
The area is well-connected via major highway corridors including the Capital Beltway (I-495) and the Dulles Toll Road. Public transit access is provided by the Washington Metro Silver Line, which facilitates efficient commuting to D.C. and other regional employment centers.
McLean offers an extensive amenity base, including the expansive Scott's Run Nature Preserve and the family-oriented Clemyjontri Park. Residents have immediate access to world-class shopping and dining at Tysons Corner Center, as well as numerous golf courses and private clubs. The proximity to the Potomac River provides additional opportunities for outdoor recreation and scenic trails.
The rental market in McLean is characterized by high demand for luxury single-family homes and upscale apartment complexes, particularly near the Tysons corridor. Vacancy pressure remains low due to the area's desirability for corporate relocations and high-income professionals. Short-term rental activity is present but strictly regulated by county ordinances, maintaining a focus on long-term residential stability.
McLean's economy is driven by a mix of corporate headquarters, government contracting, and professional services, benefiting from its strategic location near the nation's capital. The area maintains strong economic momentum, supported by the ongoing development of the Tysons business district. Major employers include a variety of Fortune 500 companies and high-tech firms.
McLean serves as a major economic hub, anchored by its proximity to the Tysons urban center and its status as a preferred location for corporate headquarters and high-level government contractors. Infrastructure investment remains strong, with ongoing improvements to regional transit corridors and the continued expansion of mixed-use developments. The area's economic momentum is bolstered by a high concentration of professional services and technology firms.
Development activity is heavily focused on the Tysons area, with numerous approved projects aimed at creating a more walkable, transit-oriented urban environment. These projects include significant residential, office, and retail components designed to accommodate long-term population growth.
Parcels in McLean are subject to Fairfax County tax levies, which include funding for public schools, fire and rescue services, and regional infrastructure. Certain areas may fall within specific service districts for water, sewer, or stormwater management.
McLean is widely considered one of the safest communities in Northern Virginia, consistently reporting low crime rates compared to regional and national averages. Residents benefit from a highly professionalized local police presence and a community-oriented safety environment. Reported trends remain stable, with property crime being the primary concern, though it remains significantly lower than in neighboring urban centers.
The area faces standard regional risks, primarily related to severe weather events such as heavy thunderstorms and occasional winter storms. Flood risk is localized to specific low-lying areas near streams and the Potomac River, while wildfire risk is negligible. Insurance markets remain stable, though homeowners are encouraged to maintain comprehensive coverage for wind and water damage.
The property insurance market in McLean is stable, with premiums reflecting the area's low risk for natural disasters. Homeowners generally have access to a wide range of providers, though coverage for specific regional hazards like wind and water is standard practice.
Property taxes in McLean are administered by Fairfax County, which utilizes a uniform real estate tax rate applied to the assessed value of all taxable property. The county periodically adjusts rates to meet budgetary requirements, and residents may be subject to additional levies for specific service districts. There are no municipal-level income taxes, and the jurisdiction offers various exemptions for seniors and disabled residents as permitted by state law.
Data retrieved from Census ACS and Data USA profiles.
The federal school roster could not be retrieved on the last refresh — no list is shown rather than an unverified one. Source: NCES EDGE public school locations 2023-24.