Rent to own Homes in Herndon, VA
Herndon, located in Fairfax County, is part of the Washington D.C. metro area. The suburban town was founded in the mid-19th century and named for William Lewis Herndon, a naval explorer and author. In the 1870s, settlers moved into the area because of its moderate climate and low land prices. A bonus was the fact that the local Indian population was friendly and helpful to settlers. Although the town has grown considerably, it remains an attractive option for home buyers.
Herndon, VA is a great place for affordable rent-to-own homes! With a median household income of over $112,644 and a median rent of $1,829, the Herndon, VA rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Herndon, VA. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Herndon, VA Property Resources
Rent to own Homes in Cities Near Herndon, VA
- Adamstown
- Adelphi
- Aldie
- Alexandria
- Annandale
- Arlington
- Ashburn
- Aspen Hill
- Bailey's Crossroads
- Brambleton
- Broadlands
- Broad Run
- Bull Run Mountain Estates
- Burke
- Burke Centre
- Cherry Hill
- Chevy Chase
- Chevy Chase Village
- Dulles Town Center
- Dunn Loring
- Fairfax
- Fairfax Station
- Fair Lakes
- Falls Church
- Floris
- Forest Glen
- Fort Hunt
- Kensington
- Kingstowne
- Layhill
- Leesburg
- Linton Hall
- Loch Lomond
- Mantua
- Moorefield Station
- Mount Vernon
- Nokesville
- North Bethesda
- North Chevy Chase
- North Kensington
- North Potomac
- Oakton
- Potomac
- Rockville
- Somerset
- Sudley
- Sugarland Run
- Travilah
- Vienna
- Yorkshire
Neighborhoods in Herndon, VA
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Herndon, VA is seeing rapid growth and Herndon, VA's' housing market remains not optimal with an average home price that is 114% above the 2024 national average. Herndon, VA is part of Fairfax county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Fairfax is 0.89% which is below the national average, which is 0.99%.
Median Home Price in Herndon, VA
Median Rent in Herndon, VA
7 Top Reasons to Live in Herndon, VA.
Highway 267 Toll Road! Getting into and out of Washington can be a slow, painful experience, but Herndon residents can take advantage of Highway 267, which is a toll road. Although paying the toll makes the trip more expensive, Highway 267 offers easier access into and out of Washington D.C. and is preferable to the other main route, Route 66.
Near Washington without the high prices! Unlike densely populated Washington D.C. with its soaring house prices, Herndon offers both rent to own and conventional house purchases in abundance. The median price is $443,000, and one-bedrooms condos in developments like Discovery Square and Worldgate are available for around $190,000. Herndon is great value for the money, considering its proximity to Washington.
Great restaurants and coffee shops! Herndon residents enjoy dining at a variety of restaurants. From the traditional Jimmy's Old Town Tavern to the 12 eclectic restaurants in the Worldgate Center, Herndon gives locals and tourists alike a choice of dining options. Bicycles & Coffee offers the unusual combination of bicycle and coffee sales.
Healthy market in condo rentals! Herndon offers a number of condo developments, such as the extensive development on Yeager Drive and John Glenn Avenue., where rental homes are available.
Old Town Herndon! The Historic Old Town area provides quaint and modern shops, dining and restaurants with ample parking. ArtSpace Herndon offers art shows and classes, while the Town Green is a favorite gathering place. Visit the Historical Society on Lynn Street and get a map for their walking tour of historic homes, including the 19th century Depot. Stroll down Elden Street and shop for gifts in the Crystalis Treasures shop.
Outdoor activities! The 45 miles of the Washington & Old Dominion walking and bike trail runs from Alexandria to Purcellville and is easily accessed from the town. Herndon residents can take advantage of swimming, tennis and other activities at The Herndon Community Center.
Active parks and recreation! The Parks and Recreation Department runs active courses in swimming, karate, and general wellness. If you fancy a stroll or just want to sit on a bench and watch the world go by, try Bruin Park.