McLean is a safe haven for those who crave privacy and peace, including politicians, celebrities, military generals, and business people. This unincorporated community in Fairfax County, Virginia, is distinguished by its historical roots and incredible luxury homes. Widely known as one of the wealthiest cities in America, McLean offers upscale shopping, five-star restaurants and bakeries, beautifully appointed parks and community spaces, and top-rated schools.
McLean is a highly sought-after community due to its high cost of living and ultra-private atmosphere, resulting in a competitive real estate market. However, those who research and plan well in advance can be immensely successful in entering the McLean, VA, real estate market.
McLean is one of the wealthiest cities in the United States
The cost of living in McLean is very high, and the community has made headlines as one of the wealthiest cities in the country. The median household income is more than double the national amount, with the average household reportedly earning $242,610 a year. This is the third highest among all U.S. cities and 251.5% more than the national average.
McLean median home price
McLean architecture and home styles
If cozy and quaint is what you're looking for, craftsman-style homes might be the perfect choice. This style is known for its open floor plans and striking fireplaces. Many craftsman homes have large outdoor spaces made for family living, such as patios and spacious porches. In addition to McLean's historic styles, there's an abundance of new builds. Designed with contemporary influences, these brand-new homes come complete with all the amenities discerning homeowners could want, including luxurious en suites and energy-efficient features.
The current real estate market in McLean
Many counties in Virginia are experiencing a seller's market after the pandemic, but some local housing markets are beginning to rebalance. Buyers might be starting to gain some leverage, but high mortgage interest rates are impeding progress. While this is great news for sellers and real estate investors, it could be challenging for buyers hoping to land their dream home in a flash.
Trends and 2023 real estate forecast
Guidance for selling or buying property in McLean
Working with a Realtor is the single best way to embark on any real estate venture in McLean. When you get in touch with an experienced local Realtor, you can utilize their deep network of connections to learn more about how to sell real estate, buy real estate, or invest in a property you're interested in. There's a lot to the world of real estate, and any project in McLean comes with a set of specifications and guidelines. A Realtor can guide you through the process and assist with paperwork, scheduling, and appointments so you can focus on other important things.
Is now a good time to invest in McLean real estate?
This is another reason why working with a Realtor can be so valuable. Realtors have direct connections to experienced professionals, so you don't have to research contractors on your own and take a gamble on your expensive investment. Your Realtor can also help you understand which properties might provide the best investment potential by reviewing neighborhoods and subdivisions with you.