Looking to buy a home in the New Market, VA area? Centreville may be your answer. Located just north of Washington D.C., Centreville is a suburb that’s known for its affordable housing. From single-family homes to townhouses and condos, there’s a variety of housing options in this area. Discover more about the Centreville real estate market and how you can find a home here.
Centreville was founded in 1884 as a planned suburb. It was named after the city of Philadelphia, PA, where the Pennsylvania Horticultural Society was founded. The city’s founder, William Nelson Paxton, was a member of this society. Paxton’s goal was to create a community with parks and access to open green space. To do this, he laid out the town in a grid system with wide streets and parks. The streets were also built with a strict right-of-way. This layout was designed to make it easier for cars to navigate. In the 1920s and ’30s, Paxton’s vision for the community came to life. The town had electricity, telephones, and a water system that allowed residents to run their appliances. In the 1950s and ’60s, Paxton’s grid system was altered to better fit the growing community. After Paxton’s death in 1918, the town was run by a town council. For the next two decades, the town’s path was altered. Most notably, the street grid was straightened out. This allowed for better traffic flow and easier access for cars.
In the Centreville real estate market, there are a wide variety of homes to choose from. Homes in the town range in price from $100,000 up to $3 million. Single-family homes make up the majority of housing in Centreville. These homes are often older (built in the 1910s through mid-20th century), but there are also newer homes in the $200,000-$300,000 range. These homes are often condos or townhouses. In the $100,000-$200,000 range, you’ll find single-family homes. These homes are often newer and in the $300,000-$400,000 range, you’ll find larger homes in the $400,000-$500,000 range.
There are a few different ways to buy a home in Centreville. The most common way is to purchase a house as an investment. This could be a fixer-upper, short sale, or foreclosed property. Another option is to purchase a home as a primary residence. This is usually a more affordable option than the other options, but it comes with more responsibility. In either case, the purchase price should be below the $200,000 threshold where the seller becomes licensed to sell real estate in the state of Virginia.
Apartment rentals in Centreville are also an option. For this type of rental, you’ll typically find more affordable options. However, you won’t have the option to customize your home to your liking. You’ll also likely find less space, as most apartment homes don’t come with a private yard. You can also purchase a condo or townhouse as your primary residence. The IRS allows you to take a tax deduction if you co-own a home with another person. This lets you claim a lower income tax rate. Of course, one of the benefits of living in a townhome or condo is that you’re able to customize your living space.
The cost of living in Centreville is relatively low. Compared to the rest of the area, it’s one of the less expensive areas to live. The median household income in the town is just $72,744. This income is a bit lower than the rest of the Washington D.C. area. In the surrounding area (including the city of Washington, DC), the median household income is just $76,000. The median home value in Centreville is just $245,000. This makes it relatively affordable for homeowners. The median home value for the rest of Washington D.C. is $384,000.
Centreville is just a short drive from Washington D.C. However, it’s not a major metropolitan area. Most areas you’ll want to visit aren’t close by. Because of this, it’s not a good place to live if you plan on traveling often. The public transportation options in Centreville are limited. There is no Metrorail service in Centreville, but there is a Metrobus line that goes through the town. It operates between 6:00 AM and 11:30 PM on weekdays, and between 6:00 AM and 10:30 PM on weekends. If you’re looking to get around on foot, the town has very few sidewalks. So if you’re looking to live downtown, this may not be the best option for you.
When searching for a home in Centreville, keep in mind that the real estate market is relatively stable. So, if you want to find a home that’s priced at a realistic price point, this could be a good option for you. If a home isn’t priced too high or too low, it’s likely a good deal. Also, be sure to check the city’s tax rates. The taxes in Centreville are relatively low, making it a good place to purchase a home as an investment. For those looking to purchase their first home, there are a few things you’ll want to keep in mind. First, don’t expect to find a home at a bargain price. This isn’t the best option for first-time homebuyers because the inventory is low and prices are relatively high. However, if you’re patient and willing to look for awhile, you could find a home for a fair price. Also, keep in mind that it can be harder to find a house in a suburban area, so you may want to think about moving further out.
There are a lot of great places to visit and see in Centreville, VA. We compiled a quick list here.
Point Of Interest #1 Domino's Pizza, 5663 Stone Rd Ste 18, Centreville, VA 20120
Point Of Interest #2 Cub Run Stream Valley Trail, 0534 06 D, Centreville, VA 20120
Point Of Interest #3 Cinemark Centreville 12, 6201 Multiplex Dr, Centreville, VA 20121
Point Of Interest #4 Starlight Cinema, 5875 Trinity Pkwy, Centreville, VA 20120
Point Of Interest #5 Campesino chicken, 5049 Westfields Blvd, Centreville, VA 20120
Get on I-66 E from VA-28 N/Sully Rd
2 min (0.9 mi)
Head southwest on Mt Gilead Rd toward Braddock Rd
Turn left at the 1st cross street onto Braddock Rd
Turn right onto US-29 S
Turn right to merge onto VA-28 N/Centreville Rd/Sully Rd toward Dulles Arpt
Continue to follow VA-28 N/Sully Rd
Take the ramp to I-66 E
Keep left at the fork, follow signs for I-66 and merge onto I-66 E
Continue on I-66 E. Drive to VA-7 W/Leesburg Pike in Tysons. Take exit 47 B-A from I-495 N
15 min (13.6 mi)
Merge onto I-66 E
Take exit 64 B to merge onto I-495 N toward Tysons Corner/Baltimore
Use the right 2 lanes to take exit 47 B-A to merge onto VA-7 W/Leesburg Pike toward Tysons Corner
Merge onto VA-7 W/Leesburg Pike
3 min (0.9 mi)
Start: Campesino chicken
5049 Westfields Blvd, Centreville, VA 20120, United States
Get on VA-28 N in Chantilly from Westfields Blvd
3 min (1.1 mi)
Head northwest toward Westfields Blvd
Turn right onto Westfields Blvd
Use the right lane to take the VA-28 N ramp to Dulles Arpt
Keep left at the fork and merge onto VA-28 N
Follow VA-28 N to VA-7 E in Loudoun County. Take the VA-7 E exit from VA-28 N
12 min (11.9 mi)
Merge onto VA-28 N
Exit onto VA-7 E toward Tysons Corner/Falls Church
Continue on VA-7 E to your destination in Potomac Falls
5 min (1.7 mi)
Merge onto VA-7 E
Use the left 2 lanes to turn left onto VA-1795
Destination will be on the left
End: Palmercare Chiropractic Sterling
46169 Westlake Dr Suite 300, Sterling, VA 20165, United States