Housing Insights for ZIP Code 20129 (Paeonian Springs, VA)

Housing Summary for ZIP Code 20129

Homeowners

The median home value in ZIP Code 20129 (Paeonian Springs, VA) is $1,144,200. Approximately 87.2% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.0%.

The average occupancy of owner-occupied units in ZIP Code 20129 is 3.04 occupants, while owner-occupied units have an aggregate average size of 4 bedrooms per housing unit.

Renters

In the 20129 ZIP Code, an estimated 12.8% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 66.7%.

Among renter-occupied units in this ZIP, the average occupancy is 2.04 occupants, while renters in this Loudoun County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 20129

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 20129.

ZIP 20129 Virginia U.S.
Median Home Value $1,144,200 $400,272 $361,498
Owner-Occupied Housing Units 87.2% 66.3% 64.0%
Homeowner Vacancy Rate 0.0% 1.5% 1.6%
Average Size of Owner-Occupied Unit 3.04 2.67 2.70
Average # of Bedrooms Per Unit 4 2.97 2.75
Median Housing Rent $0 $1,234 $1,062
Renter-Occupied Housing Units 12.8% 33.7% 36.0%
Rental Vacancy Rate 66.7% 5.4% 6.0%
Average Size of Renter-Occupied Unit 2.04 2.48 2.49
Percent of Income Spent on Rent 0% 29.45% 29.83%

Home Values in ZIP Code 20129 (Paeonian Springs, VA)

The median home value in ZIP Code 20129 is $1,144,200. That median value is about 319% higher than the median home value of $273,100 in Virginia overall, and is 426% higher than the $217,500 the median home value in the entire U.S. Approximately 59.6% of homes in ZIP Code 20129 are valued $1,000,000 or more. That is 1955% higher than in the state ofVirginia, where 2.9% of homes are valued at $1,000,000 or more, and is about 1653% higher than in the U.S. overall (3.4% of homes valued at $1,000,000 or more). The home value range that the smallest portion of ZIP Code 20129 homes fall into is $300,000 to $499,999 (0.0% of homes).

Home Values in ZIP Code 20129

This chart visualizes the breakdown of home values in ZIP Code 20129, Virginia, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 20129 vs. home values in both the state of Virginia and in the U.S. overall.

Home Values in ZIP Code 20129

See the table below for a regional comparison of home values in ZIP Code 20129.

Home Value ZIP 20129 Virginia U.S.
Less than $50,000 0.0% 4.3% 6.9%
$50,000 to $99,999 0.0% 6.7% 12.0%
$100,000 to $149,999 0.0% 9.7% 13.3%
$150,000 to $199,999 0.0% 13.0% 14.0%
$200,000 to $299,999 0.0% 21.7% 19.6%
$300,000 to $499,999 0.0% 24.6% 19.3%
$500,000 to $999,999 40.4% 17.1% 11.4%
$1,000,000 or more 59.6% 2.9% 3.4%

Home Ages in ZIP Code 20129 (Paeonian Springs, VA)

Approximately 22.6% of homes in this Paeonian Springs, VA region were built in 1950 to 1959. This amount of homes built in 1950 to 1959 in ZIP Code 20129 is about 157% higher than percentage of homes built in this time period in Virginia overall (8.8% of homes), and is 119% higher the percentage (10.3% of homes) in the U.S. as a whole. Additionally, an esimated 22.3% of local homes were built in 1939 or earlier. On the other end of the scale, just 0.0% of homes in this Loudoun County ZIP Code were built in 1940 to 1949 in ZIP Code 20129. In comparison, 4.4% of homes in Virginia overall were built in 1940 to 1949, while 4.9% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 20129

A detailed regional comparison of home ages in ZIP Code 20129.

Year Built ZIP 20129 Virginia U.S.
2014 or later 0.0% 2.6% 2.5%
2010 to 2013 8.5% 3.2% 2.7%
2000 to 2009 19.8% 15.2% 14.0%
1990 to 1999 10.6% 15.8% 13.9%
1980 to 1989 0.0% 16.4% 13.4%
1970 to 1979 0.0% 15.7% 15.2%
1960 to 1969 16.3% 10.6% 10.6%
1950 to 1959 22.6% 8.8% 10.3%
1940 to 1949 0.0% 4.4% 4.9%
1939 or earlier 22.3% 7.4% 12.6%

Age of Homes in ZIP Code 20129

See the chart below for details on the age of homes in ZIP Code 20129, 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 20129

Frequently asked questions about housing in this Paeonian Springs, VA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 20129.

1

What is the average home value ZIP Code 20129?

The median home value in ZIP Code 20129 (Paeonian Springs, VA) is $1,144,200.
2

Are homes expensive in ZIP Code 20129?

The median home value in 20129 ($1,144,200) is an estimated 319% higher than the aggregate median value of $273,100 in Virginia, and is 426% 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 20129?

The vacacy rate for owner-occupied housing in ZIP Code 20129 is 0.0%. This rate is 100% lower than the overall Virginia owner-occupied vacancy rate of 1.5%. Additionally, the 20129 vacancy rate is 100% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 20129 have older homes or newer construction?

In ZIP Code 20129, about 22.6% of homes were built in 1950 to 1959. That time range includes the most home construction. Also, 22.3% of homes in the region were built in 1939 or earlier. In contrast, 0.0% of homes in 20129 were built in 1940 to 1949.
5

What is the housing breakdown in ZIP Code 20129? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 20129 than renter-occupied housing. Owner-occupied units make up 87.2% of housing, compared to 12.8% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 20129?

The vacacy rate for rental units in ZIP Code 20129 is 66.7%. This rate is 1135% higher than the overall Virginia vacancy rate of 5.4%. Additionally, the 20129 vacancy rate is 1012% higher than the entire U.S. vacancy rate of 6.0%.