Property Management in Annandale, Virginia
Annandale is located near the heart of Fairfax, County, Virginia and is considered to be part of the Washington Metro area. This census-designated place (CDP) gets its name from Annandale, Scotland. The total area of this CDP is 7.86 square miles, making up a portion of the coastal plain and characterized by heavy red clay soils, stream valleys and rolling hills. The Virginia town was first settled in during the year 1685.
As of the 2010 Census, there were just over 41,000 people living here, a 25 percent decline from the year 2000. The Census reported 13,890 households in town from 2012 to 2016, including approximately three people per household. More than 86 percent of these people had been living in the same house during the previous year.
Real Estate Facts About Annandale
According to Zillow, the median home value for homes here is estimated to be around $532,200. This has increased by 4.9 percent since 2017 and is expected to increase by 3.1 percent during 2019. The median price of homes listed here is $608,000, but the median price for homes sold is closer to $517,800. The median list price is $309 per square foot, higher than the $227 median list price per square foot reported for the Washington Metro area.Approximately 16.1 percent of the listing here eventually have their prices cut. Current market conditions are cool, with a local foreclosure rate that’s lower than the Washington Metro average and the national average.
The foreclosure rate here has been declining steadily since peaking early on during 2009.
Only 7.8 percent of the homeowners here are underwater on their mortgage, much lower than the 12.1 percent in the Washington Metro Area or 10.4 percent average for the U.S. The foreclosure rate here is 0.4 percent, while foreclosures average 1.7 percent in the Washington Metro area and 1.6 percent across the country.
Zillow estimates the rentals here to be around $400 more expensive than the rest of the Washington Metro area and around $1070 more than the rest of the country. The rent list price here is around $1.63 per square foot. Rentals in this suburb typically go for slightly over $2,500 per month, while the average for the U.S. is closer to $1,450.
North Springfield, Ravensworth, Kings Park and Jefferson are all within 1.6 miles of town. Other cities nearby include Fairfax, Dunn Loring, Vienna, Falls Church and Burke. Rose Hill, Springfield, Lincolnia and Franconia are also close by. The median home value in Dunn Loring and Vienna is substantially higher, while Alexandria and Falls Church are most comparable. Franconia, Lincolnia, and Springfield have some of the lowest median home values in the immediate area.
Things to Do in Annandale
One of the most popular destinations for enjoying local boat rentals, fishing, and bike trails is Lake Accotink. The Fairfax Cross County Trail stretches along the Accotink Creek for about 20 miles. This is a popular destination for enjoying uninterrupted cross-country skiing, running, biking and hiking. Other local attractions nearby include the Alexandria Coliseum at Kid’s Choice, the Annandale farmers market, the Ernst Culture Center Theater and the Beltway Beer Trail in Springfield.
Pine Ridge Park and Eakin Park are located northwest from the heart of town near New Hope. However, there are actually close to 25 parks scattered about the town. The Audrey Moore RECenter in Wakefield Park has an indoor pool and offers over three dozen fitness classes every week. The Wakefield Skate Park offers BMX and skateboarding camps and classes to children of all ages. The Hidden Oaks Nature Center maintained by the county park authority is also worth a visit.
Downtown here is also known locally as Koreatown. There are more than 900 South Korea-owned businesses and over 65 South Korean restaurants operating in this area of town. Known for its large Korean community, it’s not uncommon to see Korean businesses scatted throughout a shopping center. An American Community Survey administered from 2009 to 2013 reported the other leading ancestry groups in town to include Vietnamese, Bolivian, Salvadoran, and German.
Founded in 1965, the largest and oldest branch of the Northern Virginia Community College System is located in this suburb. Today, more than 75,000 students and 2,600 faculty members are part of the “NOVA” North Virginia Community College system. Little River Turnpike is the oldest road in own and actually served as the first toll in the United States. During colonial times, tobacco and other items were loaded from Little River Turnpike onto ocean-going ships using the Accotink Creek.
Call us for a comprehensive market analysis of your rental property.
Annandale Property Management
Our property management team specializes in residential areas throughout Annandale, VA. We offer multiple services to take your rental property and convert it into reliable income. We have a thorough screening process that helps to identify the right tenants for your property. Our team works hard to keep both parties happy through effective communication, bulletproof lease agreements, and timely monthly rent collection. We offer maintenance services to enhance the property and ensure that it will retain or increase in value. We oversee everything, allowing you to sit back and relax and know that your property and your tenants are in good hands.
Contact us today if you are ready to receive a comprehensive analysis of your rental property and to inquire about our Annandale area property management services.
I have been so impressed with not only the quality of service, but the punctual service and communication skills that I have seen through Keyrenter. I would absolutely recommend using Keyrenter.
Kimber C., Satisfied Client
Keyrenter is very organized. I have had several problems with my condo, and Keyrenter has been on top of everything. I can’t say enough good things about the company.
Steve S., Satisfied Client
I'm absolutely delighted with how easy Keyrenter made everything for me. From start to getting a renter into my house, it's all been convenient and simple. Great company, great service, great people!
Lorrie M., Satisfied Client
I've been a tenant with Keyrenter for the past 5 years. They have always been prompt in dealing with issues I've raised up and in responding to my requests for repairs and maintenance.
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