The story of this market
The typical home in ZIP 20129 sells for about $1,199,500, or $350 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $3,200 a month.
ZIP 20129 — Paeonian Springs
The housing market in 20129 remains characterized by low inventory and high price points, reflecting its status as an exclusive rural enclave. Demand remains steady among affluent buyers, though the limited number of transactions makes the market sensitive to interest rate fluctuations. Overall, the area maintains strong value retention due to its proximity to the Northern Virginia economic core.
This ZIP is best suited for affluent families and professionals seeking rural privacy, large lot sizes, and a quiet lifestyle while maintaining access to the broader Northern Virginia economy.
Median prices moved up 2.5% year over year.
Homes spend a median of 45 days on market with 6.0 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.1% · poverty 0.7% — 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 7.2%/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 7.2%/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 20129, Loudoun County VA
Paeonian Springs is a rural, low-density community with very low reported crime rates, significantly safer than the regional average for Northern Virginia.
The area is served by Loudoun County Public Schools, which are highly rated and consistently rank among the top-performing districts in the state.
The area faces moderate risk from severe thunderstorms and occasional high winds, with standard insurance coverage typically available for rural residential properties.
Economic momentum is driven by proximity to the Dulles technology corridor and major regional employers in Loudoun County, though the ZIP itself remains largely residential and rural.
Property taxes are levied by Loudoun County based on annual assessments; there are no specific municipal taxes for this unincorporated area, though state income tax applies.
Commuting to the Washington D.C. employment core typically requires a 60-90 minute drive via Route 7 or the Dulles Greenway, as there is no direct public transit access.
The area features access to the Washington & Old Dominion (W&OD) Trail for cycling and hiking, with local equestrian facilities and proximity to historic Leesburg shopping and dining.
The rental market is extremely thin with very low inventory, primarily consisting of single-family homes; there is minimal short-term rental pressure.
The local economy is anchored by the broader Loudoun County tech and government contracting sectors, with many residents commuting to nearby hubs like Ashburn and Reston.
Transportation is heavily reliant on private vehicles; the area lacks public transit infrastructure, with the nearest Metro station located in Ashburn.
Development is strictly controlled by rural zoning ordinances, with no major high-density projects currently approved or under construction within the ZIP.
Loudoun County performs annual property assessments based on fair market value, with tax rates set by the Board of Supervisors.
Parcels are subject to Loudoun County general taxes and school district levies; there are no significant MUDs or PIDs in this established rural area.
Property insurance premiums are stable but reflect the rural nature of the area, with standard coverage for fire and wind hazards.
Northern Virginia continues to see steady net domestic migration driven by the technology and federal sectors.
Virginia is a non-judicial foreclosure state, allowing for relatively rapid trustee sales following default.
Virginia is a 'caveat emptor' state, though sellers are required to provide a residential property disclosure statement regarding known material defects.
Data retrieved from data.census.gov ZCTA 20129 profile.
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.
A 45-mile paved trail for hiking and cycling that runs through the heart of the community.
Nearby historic downtown area with boutique shops and restaurants.
Key-figure check: median price diverges 16.7% 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 $1,399,900 (16.7% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $1,399,900 (+16.7% vs the published ten-year series (2024)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.