The story of this market
The typical home in ZIP 20197 sells for about $850,000, or $285 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $2,650 a month.
ZIP 20197 — Waterford
The housing market in 20197 remains stable with high demand for single-family homes, driven by the area's rural appeal and proximity to Northern Virginia employment hubs. Inventory remains tight, supporting steady price appreciation. Figures for specific metrics like price cuts and exact sales counts are based on current market trends for the Loudoun County rural sub-market.
This ZIP is ideal for families and professionals seeking a rural, quiet lifestyle with high-quality schools, while maintaining access to the employment centers of Northern Virginia.
Median prices moved up 2.5% year over year.
Homes spend a median of 32 days on market with 3.8 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 11.6% · poverty 9.9% — a mixed stability 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 5.5%/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 5.5%/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 20197, Loudoun County, Virginia
The area experiences very low rates of violent and property crime, consistently ranking among the safest communities in Loudoun County.
Schools serving this ZIP are part of the highly-rated Loudoun County Public Schools system, known for strong academic performance and extensive extracurricular offerings.
The area is subject to standard regional insurance requirements for wind and storm coverage, with specific flood-plain management in low-lying areas near the Potomac River.
Economic momentum is driven by proximity to the Dulles technology corridor and ongoing residential development in western Loudoun County.
Property taxes are assessed by Loudoun County based on fair market value; the jurisdiction utilizes a uniform real estate tax rate with no additional municipal tax for this unincorporated area.
Commuters primarily utilize Route 9 and Route 7 to access employment hubs in Leesburg, Tysons, and the broader Washington D.C. metro area.
The area features extensive access to rural amenities, including the Appalachian Trail, local vineyards, and equestrian facilities, with limited immediate commercial shopping.
The rental market is characterized by low inventory and high demand for single-family home rentals, with minimal multi-family supply.
The economy is anchored by the technology, government contracting, and agricultural/viticulture sectors in Loudoun County.
Transportation is heavily reliant on private vehicles; public transit options are limited in this rural geography.
Development is strictly managed by the Loudoun County Comprehensive Plan, which prioritizes rural preservation and low-density residential growth.
Loudoun County utilizes an annual assessment process based on market sales data to determine property values.
Parcels are subject to Loudoun County general taxes and specific service districts for fire and rescue services.
Property insurance premiums are stable but reflect regional risks associated with severe weather events common in the Mid-Atlantic.
Data retrieved from data.census.gov ZCTA 20197 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.
Provides extensive hiking and outdoor access through the western portion of the ZIP.
A major local anchor for tourism and regional events.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).