20194, Reston, VA

The Reston zip code of 20194 has a population of about 116,000 people and an average home value of about $1.2 million. The median home value in this zip code is $1.15 million, which is higher than the national median home value of $177,500. The percentage of homes in this zip code that are owned by individuals is about 68%, which is lower than the national percentage of homeownership at 73%. The percentage of homes in this zip code that are rented is about 32%, which is higher than the national percentage of rental occupancy at 27%.

Reston's economy is based largely on government and technology sectors. Government employs about 28% of the workforce while technology employs another 21%. These sectors have been growing rapidly over the past few years as a result of investments by local and federal governments as well as private businesses. This growth has led to increased demand for housing and increased prices for homes in Reston.

The average price per square foot for homes in Reston has increased by about 9% since 2013, which is faster than the nationwide increase of 6%. This increase can be partially attributed to increases in both the number and size of homes being sold in Reston. In addition, there has been an increase in demand for luxury homes due to increasing income levels and an influx of new residents who are willing to pay more for quality housing options.