The story of this market
The typical home in ZIP 20120 sells for about $649,615, or $350 per square foot.
Prices are roughly flat from a year ago (-0.8%), a market in balance. Homes take about 18 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $2,309 a month.
ZIP 20120 — Centreville (CDP)
The housing market in 20120 remains stable with high demand and limited inventory, keeping prices firm despite broader economic headwinds. While year-over-year price growth has flattened, the area's strong demographics and employment base continue to support a competitive environment for buyers. Note that specific ZIP-level figures for active inventory and sales counts are estimated based on regional trends as precise monthly ZCTA-level reports were not available.
This ZIP is ideal for established families and professionals seeking a balance of suburban space, high-quality schools, and manageable commute times to major regional employment hubs.
Median prices moved down 0.8% year over year.
Homes spend a median of 18 days on market with 1.7 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 100.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.5% · poverty 6.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 20120, Fairfax County VA
Crime rates in the Centreville area remain low relative to the broader Northern Virginia region, with property crime being the primary concern.
Schools serving this ZIP are part of the highly-rated Fairfax County Public Schools system, generally characterized by strong academic performance and diverse extracurricular offerings.
The area faces standard regional risks including localized flooding in low-lying areas and occasional severe wind events, with insurance markets remaining stable but sensitive to national premium trends.
Economic momentum is driven by proximity to major Northern Virginia employment hubs and the Dulles technology corridor, with ongoing infill development and infrastructure upgrades.
Property taxes are assessed by Fairfax County based on fair market value; the jurisdiction utilizes a uniform tax rate structure with specific exemptions for seniors and disabled veterans.
Residents benefit from direct access to I-66 and Route 28, providing critical transit corridors toward the Tysons Corner and Washington D.C. employment centers.
The area features extensive access to regional parks, local trail networks, and proximity to major shopping centers like the Fair Lakes and Centreville retail districts.
The rental market is characterized by high demand and low vacancy rates, driven by the area's desirability for commuters and proximity to major tech employers.
The economy is anchored by the professional, scientific, and technical services sectors, with significant employment provided by government contractors and tech firms in the Dulles corridor.
The area is served by major highway arteries including I-66 and Route 28, with access to regional bus transit and proximity to the Vienna Metro station.
Development is focused on transit-oriented residential projects and the revitalization of aging retail centers along the Route 29 corridor.
Fairfax County Department of Tax Administration performs annual assessments based on market sales data and property characteristics.
Parcels are subject to Fairfax County general taxes, with additional levies for school district funding and regional transportation authorities.
Property insurance premiums are influenced by regional hazard profiles, including storm-related risks, with a competitive market of national carriers.
The state continues to see net positive domestic migration, particularly among high-income professionals relocating for tech and government-related roles.
Virginia is a non-judicial foreclosure state, allowing for relatively efficient trustee sales following proper notice periods.
Virginia requires sellers to provide a residential property disclosure statement, though the doctrine is largely 'caveat emptor' regarding the physical condition of the property.
Data retrieved from data.census.gov ZCTA 20120 profile tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Large regional park offering trails, water park, and camping facilities.
Major retail and dining hub serving the local community.
Extensive greenbelt providing hiking and nature trails.
Key-figure check: median price diverges 15.3% from the nearest retained anchor (published ten-year series (2024)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $749,000 (15.3% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $749,000 (+15.3% vs the published ten-year series (2024)) failed independent re-validation and was reverted to the prior cycle value; the case is under review in the Command Center.