Chantilly, VA

Chantilly, VA is a suburb of Washington, D.C. and has a population of about 78,000 people. The median household income in Chantilly is $191,000 and the median home value is $1.2 million. Chantilly has a high concentration of government employees and professionals which has helped to drive up prices in the area.

The primary real estate market in Chantilly is residential property sales. The average price for a single-family home in Chantilly was $1,898,500 in 2017 according to Zillow data. The average price for an apartment complex was $521 per square foot as of 2018 according to Yardi Matrix data. There are also a number of luxury properties available in the area including condos and townhouses that can sell for upwards of $4 million or more.

There are several factors that have contributed to the high prices in Chantilly real estate market including the proximity to Washington D.C., the abundance of luxury properties available, and the strong demand from government employees and professionals who live in the area. While there may be some challenges ahead for buyers due to increasing interest rates and tight inventory levels, overall it appears that prices will continue to rise in Chantilly over time as demand remains high