Housing Insights for ZIP Code 20120 (Centreville, VA)

Housing Summary for ZIP Code 20120

Homeowners

The median home value in ZIP Code 20120 (Centreville, VA) is $481,200. Approximately 74.3% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.1%.

The average occupancy of owner-occupied units in ZIP Code 20120 is 3.07 occupants, while owner-occupied units have an aggregate average size of 3.43 bedrooms per housing unit.

Renters

In the 20120 ZIP Code, an estimated 25.7% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 6.7%.

Among renter-occupied units in this ZIP, the average occupancy is 3.03 occupants, while renters in this Fairfax County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 20120

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 20120.

ZIP 20120 Virginia U.S.
Median Home Value $481,200 $402,453 $365,011
Owner-Occupied Housing Units 74.3% 66.3% 64.0%
Homeowner Vacancy Rate 0.1% 1.5% 1.6%
Average Size of Owner-Occupied Unit 3.07 2.67 2.70
Average # of Bedrooms Per Unit 3.43 2.97 2.75
Median Housing Rent $0 $1,234 $1,062
Renter-Occupied Housing Units 25.7% 33.7% 36.0%
Rental Vacancy Rate 6.7% 5.4% 6.0%
Average Size of Renter-Occupied Unit 3.03 2.48 2.49
Percent of Income Spent on Rent 0% 29.45% 29.83%

Home Values in ZIP Code 20120 (Centreville, VA)

The median home value in ZIP Code 20120 is $481,200. That median value is about 76% higher than the median home value of $273,100 in Virginia overall, and is 121% higher than the $217,500 the median home value in the entire U.S. Approximately 43.2% of homes in ZIP Code 20120 are valued $500,000 to $999,999. That is 153% higher than in the state ofVirginia, where 17.1% of homes are valued at $500,000 to $999,999, and is about 279% higher than in the U.S. overall (11.4% of homes valued at $500,000 to $999,999). The home value range that the smallest portion of ZIP Code 20120 homes fall into is $50,000 to $99,999 (0.2% of homes).

Home Values in ZIP Code 20120

This chart visualizes the breakdown of home values in ZIP Code 20120, Virginia, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 20120 vs. home values in both the state of Virginia and in the U.S. overall.

Home Values in ZIP Code 20120

See the table below for a regional comparison of home values in ZIP Code 20120.

Home Value ZIP 20120 Virginia U.S.
Less than $50,000 0.4% 4.3% 6.9%
$50,000 to $99,999 0.2% 6.7% 12.0%
$100,000 to $149,999 0.4% 9.7% 13.3%
$150,000 to $199,999 0.8% 13.0% 14.0%
$200,000 to $299,999 9.4% 21.7% 19.6%
$300,000 to $499,999 42.9% 24.6% 19.3%
$500,000 to $999,999 43.2% 17.1% 11.4%
$1,000,000 or more 2.6% 2.9% 3.4%

Home Ages in ZIP Code 20120 (Centreville, VA)

Approximately 39.8% of homes in this Centreville, VA region were built in 1980 to 1989. This amount of homes built in 1980 to 1989 in ZIP Code 20120 is about 143% higher than percentage of homes built in this time period in Virginia overall (16.4% of homes), and is 197% higher the percentage (13.4% of homes) in the U.S. as a whole. Additionally, an esimated 29.9% of local homes were built in 1990 to 1999. On the other end of the scale, just 0.1% of homes in this Fairfax County ZIP Code were built in 1939 or earlier in ZIP Code 20120. In comparison, 7.4% of homes in Virginia overall were built in 1939 or earlier, while 12.6% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 20120

A detailed regional comparison of home ages in ZIP Code 20120.

Year Built ZIP 20120 Virginia U.S.
2014 or later 0.8% 2.6% 2.5%
2010 to 2013 0.6% 3.2% 2.7%
2000 to 2009 14.2% 15.2% 14.0%
1990 to 1999 29.9% 15.8% 13.9%
1980 to 1989 39.8% 16.4% 13.4%
1970 to 1979 8.6% 15.7% 15.2%
1960 to 1969 5.0% 10.6% 10.6%
1950 to 1959 0.7% 8.8% 10.3%
1940 to 1949 0.3% 4.4% 4.9%
1939 or earlier 0.1% 7.4% 12.6%

Age of Homes in ZIP Code 20120

See the chart below for details on the age of homes in ZIP Code 20120, Virginia, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 20120

Frequently asked questions about housing in this Centreville, VA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 20120.

1

What is the average home value ZIP Code 20120?

The median home value in ZIP Code 20120 (Centreville, VA) is $481,200.
2

Are homes expensive in ZIP Code 20120?

The median home value in 20120 ($481,200) is an estimated 76% higher than the aggregate median value of $273,100 in Virginia, and is 121% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 20120?

The vacacy rate for owner-occupied housing in ZIP Code 20120 is 0.1%. This rate is 93% lower than the overall Virginia owner-occupied vacancy rate of 1.5%. Additionally, the 20120 vacancy rate is 94% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 20120 have older homes or newer construction?

In ZIP Code 20120, about 39.8% of homes were built in 1980 to 1989. That time range includes the most home construction. Also, 29.9% of homes in the region were built in 1990 to 1999. In contrast, 0.1% of homes in 20120 were built in 1939 or earlier.
5

What is the housing breakdown in ZIP Code 20120? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 20120 than renter-occupied housing. Owner-occupied units make up 74.3% of housing, compared to 25.7% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 20120?

The vacacy rate for rental units in ZIP Code 20120 is 6.7%. This rate is 24% higher than the overall Virginia vacancy rate of 5.4%. Additionally, the 20120 vacancy rate is 12% higher than the entire U.S. vacancy rate of 6.0%.