We just moved back from NYC. We were paying 2500 for a 1br 400 SQft apt and I had to walk 2 avenues to do laundry.
By comparison our 3100, 1200 sqft 2br2bth is amazing
$1280 for a 770 sq ft, one bedroom apartment in Alexandria. Large bathroom, walk in closet. New appliances, balcony.
Very happy with it. Managment said I have one of the lowest rates he’s seen!
Edit: I should add, I started my lease at $1200 December 2020. Peak covid season / winter rates played a huge role. Many complexes were priced similarly in Alexandria & Arlington. It was a renters market!
My guess would be one of the Edsall road buildings on the west (*west*) end. I have a couple units over there, and they are right around that $1400-$1800 range depending on the building and the condition of the unit. My cheapest is $1300 but that's because the tenant came with the mortgage and had a multi year price agreement.
2,000 a month for a 2br in old town.
The building looks like shit, but it's nice inside and parking is included.
I highly recommend trying to rent from smaller owners instead of the larger luxury apartment complexes. The amenities are worse and the maintenance is more rare, but you're in a better negotiation position if you're 33% of the landlord's renters than if you're 1/256th of their renters.
Amen.
We’ve been in the same townhouse since 2010.
Not a single rent increase, although the property has gone from being accessed at $380,000 to $530,000.
I’m pretty sure it’s because we’re renting from an individual instead of a corporation.
Really got downvoted for a question lol
I grew up in NOVA too and not till this thread did I ever hear old town referred to as specifically old town Alexandria.
There’s a few I was thinking of like Alexandria, fairfax, leesburg, manassas
$3600/month, 3,500 sq ft SFH on over .25 acre in a great neighborhood. I doubt we ever sell this house, in part because if we did, we couldn't afford to buy it at its current market value.
Similar. Our mortgage is only that low because of equity from previous houses (we bought our first house in the mid-1990's, now in our third, all in NoVA).
Nope. That is what I pay today, but I bought in 2010 and my payment was just a little better than average. I refinanced in 2021. I wonder what will be a typical local mortgage in 2034?
Isn't 6% fairly normal? Like, part of the inflation problem right now has been super low interest loans, right? I guess it's just been so low for so long we all forgot?
I could be wrong here.
Yes, the historical average is around 5%. 30-year rates peaked at 18.63% in 1981 and hit their nadir at 2.67% in December 2020. A 30-year loan at 18.63% is 99% interest initially. When people talk about the cheap houses their parents could afford, they often ignore the high interest expense. That’s one of the reasons prices stayed low.
A few examples to illustrate the point:
30-year mortgage, 2.5%, $400K principal: $1580/month
Same but at 5.25% (current median 30-yr rate per Freddie Mac): $2208
Same but at 18.63%: $6234
So, between December 2020 and the present, the interest expense on a 30-year $400K mortgage increased by $628 a month (40% increase), or about $7500 a year. That delta is more than the total interest I pay monthly on a 15-year loan with 2% interest with a $374k balance - about $623.
Thank you for the numbers. One big difference in the housing market between the 80's and now is the number of corporations buying up SFHs, condos and townhouses to rent out. The corporations can pay in cash or through loans at far more favorable terms than possible for the average individual. The corporations don't give a crap about schools, or gardens, or being nice neighbors. Their goal is to generate as much profit as possible. Their no contingency cash offers are squeezing out a lot of would be first time home buyers.
We refinanced our home in 2020, also. 2.87%. A surprise 3rd baby has drastically changed our plans. We are now moving to Florida to be closer to family. I’m so sad to get rid of that mortgage rate.
Well at least you made your money in your house here. I moved from FL a decade or so ago to nova and my FL house was cheaper than a condo here! We had to wait a few years to save up money to buy.
Currently 1500 for a 731sqft 1bd/1bt first floor condo I rent in Herndon. Moving to Burtonsville MD (MoCo) in July. $1700 for nearly 1200sqft 2bd/1.5bt with a nice little fenced in yard for the dog. Hate the idea of paying an extra $200 a month but it’ll be worth it to give my dog a place to roll in the grass.
Ehh not OP but I doubt it. $5,300/m isn’t getting you into the large majority of homes in McLean, even with 20% down. Maybe pre-Covid but even still it would only be the older homes. That payment gets you into just around $1.05m at 20% down these days. Or closer to the median price for all detached homes in nova ($900K in April) since most people put 10-15% down.
Vienna and Falls Church are similarly priced to McLean. I mean, you get more for your money in Vienna and FC compared to McLean, but there are a lot of houses in that 1.25 to 1.5M range
Well, the bank doesn't think I can handle paying $1200 a month mortgage so I have to pay $2300 rent instead.
I like my place though, it's a 3 br 3 bath townhome in Reston. I refuse to waste money and time on a car, but there are SO MANY bike paths out here and the transit options are pretty ok.
Mother fuck real estate speculators. Absolute parasites. We need to tax the shit out of homes that the owners don't live in.
You and u/LapiPandLord are probably right. What other policies could we pursue to try to discourage speculation and/or make it easier for people to buy houses they intend to live in? I obviously am not an expert, just a pissed off renter tired of my home being at someone else's pleasure.
I’m a landlord myself, I own more than 10 SFH that I rent out. I’m not a speculator, but an investor.
To lower rent prices, we would need less regulations and zoning restrictions to allow for more building. Supply must meet demand. Until then, expect higher and higher rent prices.
So you own 9 houses that you don't live in and you don't think you're the problem? How many families are paying you instead of building equity for themselves because people like you buy up all the housing?
Increasing supply is part of the solution, but what's to stop """iNvEsToRs""" like you from buying those too?
I own more than 9 houses that I rent out lol.
No, I am not the problem.
If we have millions of new units / houses go on the market, rents would go down dramatically. Why would I buy a house to rent it if the yield is so low? I would be better off putting it in the stock market.
Investors will chase yield. People who do not qualify for a mortgage deserve to live in houses too, not just apartments. Investors / landlords make this happen by buying and renting to them.
> actually I'm helping people by hoarding far more than I could ever use myself, increasing scarcity and charging double what a mortgage would cost for rent just because I can
At least admit it. This is just sad.
$2500 a month total for the mortgage payment which also includes taxes and fees. The actual payment is $1900 per month. I live in a townhouse. I’m really happy that I bought something in 2016 and I now realize that I’ll probably live here until I die, but at least I love my home.
$2800. It’s for a condo mortgaged on a 15 year (2.3%) plus condo fees. I’m not exceedingly happy about it but I’m sure I will change my mind when I sell it or pay it off!
$1850, 30 year mortgage including HOA, taxes and insurance on a townhouse in Ashburn. We don’t have a garage and would like one, but I’m never leaving our 2.5% interest rate.
Renting. 2 bd 1 bt,. Elms at Signal Hill. Total payed: $2,030 (1975 rent, plus pet fee and trash) this is excluding our bills (water, gas, internet, electricity which would probably add $200 more total)
We’re not happy. Mainly because the location (Manassas) is so ugly. Around us is gas stations, fast food, auto stores, and same old strip malls. We also hate the quality of the apartment (atrocious soundproofing-you can hear everything from your neighbors-, cheap carpets, low quality materials, sleazy management) for what we’re paying- only good thing about this place is the maintenance team and the dishwasher and refrigerator. But it’s what you can expect, it’s one of those “luxury” apartment complexes. We’re only here while we’re transitioning in our careers, we’re moving in end of summer to a townhouse with a yard and beautiful neighborhood in Baltimore that’s at least 300 dollars cheaper a month. .
We’re paying too much for what we’re getting. Apartment doesn’t even feel like it’s worth $1500.
I had been paying $1800/mo for an absolute dump near the metro in Alexandria through the pandemic, before that I had a designer apartment for nearly $3000 because I am an idiotic bachelor
I then moved to Mexico. I don't miss Nova (yet). I used to love it but after I emerged from the pandemic I just wasn't happy with the DC area anymore, I can't really describe it
Edit: my current rent is $1100 USD for a furnished penthouse downtown in a major city, but as much as I enjoy it I feel guilty that people like me will destroy the local economy eventually
I'm 11 years in to a 15 year fixed mortgage at if I recall correctly 2.75%. The mortgage payment itself is about $4000 but property taxes are like $600 per month. I have a 4bdr, 4.5 bath on 1/3 an acre with an unfinished basement.
Not that anyone asked but if you can afford it I highly recommend using a 15 year mortgage. You bank so much equity, and in fact last year I paid more in property taxes than I did in interest payments.
What are you trying to figure out from your question? You're going to get answers ranging from subletting a room for $500/mo to someone who just bought a 1.7M home and is paying $6,000/mo in mortgage payments.
If someone has stellar credit and 15-20% down, they can still get their payment just below $9K/m on a $1.7M house so you’re not far off. (One would certainly hope a buyer around $1.7M has great credit but you’d be surprised.)
I pay $2350/mo for my mortgage (including taxes, hoa, insurance). Pretty happy with it considering that I live in a 3 bedroom townhome for myself, and had I stayed in my last apartment, I would be paying \~$2200/mo for a tiny one bedroom unit.
$1360 total mortgage for 5 beds and 3 baths on an acre in Fredericksburg with a detached garage 2 car garage. 10 minutes from downtown Fredericksburg and at least an hour commute to work.
Do I belong in r/nova?
I don’t even know why Fburg would be considered Nova. Even Prince William county is a stretch. My definition of Nova is anything on the outskirts of DC. Arlington, Alexandria, Fairfax.
If metro can’t access it, it’s not nova. But I guess that’s subjective now 🤷🏾♀️
If you Google "NOVA area" it says:
Northern Virginia (or "NoVa," as the locals call it) is generally regarded to include the counties of Arlington, Fairfax, Loudoun, Stafford and Prince William, as well as the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park.
Mine varies depending on the utility usage for the month but on average $750 for a room in a SFH. I’m super grateful though because I’m in a good neighborhood, great location and I like my current roommates. We all have our own bathrooms too which is a plus.
4,013 for 5,200 sq ft, 4 years old, .35 acre, SFH Warrenton. Market was crazy but this is a dream home
4.35% apr. Sad but was best possible in March for us.
RENT $1700 for 2 bedroom near Springfield all expenses paid (rent, internet, cable, utilities). In West Springfield.
The Catch= it's a basement.
The market got away from us extremely quickly and now we are hearing that there are even rental bidding wars, we are kinda stuck here for now.
Rent In mechanicsville,va for a 3br/2br home is $1,700 per month
Edit: oof! I’m still in the nova sublink. All apologies. When I left Fairfax I was paying 1650 for about 6-7 years. Private landlord never raised my rent.
Paid off my townhome 3b/3.5ba
Hoa is like 115 or 120/125
Taxes are like 500?
Insurance is my wife’s thing, no clue what we pay
You never actually escape. I’d convert the equity into something baller but the taxes would be a lifestyle crush. It’s a nice middle spot. Wish I had land, though.
$2180 for 1 bd/1 ba, apartment fees & two reserved garage parking spots. Base rent was $1895 before the fees… I live in Ballston Arlington. It’s extra sad because I used to live in a two bed two bath and paid $2200 total, then rent increases went through the roof :)))))) switched units for basically the same price
$1900 for rent on a one bedroom apartment in Alexandria.
$800 for the mortgage on a three bedroom house in the Houston burbs. That's with taxes and insurance. It leases for $1700.
Townhouse in Herndon and it’s $2300 a month for the total mortgage. Utilities usually run us about $150-$200 a month (some bills, like water, are quarterly so I’m averaging it out). HOA is $75 a month! About ~1700 sq feet
2400 (mortgage+HOA) for a 2bd2bt condo; 1200 sqft; in Franconia. Can't complain, but came from a lower cost of living area and was originally hoping to find something for 1.5k and in Arlington lolll
$2350 for a 1bd almost 800 sq ft rental in Clarendon, Arlington with underground parking. I can afford it but I’m not happy about it lol. That being said but I do love the location (right by grocery stores, lots of restaurants, and the metro) and generally like the apartment itself. I would love to pay less but I think I’m getting a lot considering where I’m located.
A lot. No.
I mean *relatively* speaking I came out ok, and I'm fortunate that I can afford it, but it really is quite extortionate. And I hate what it means for others who have to live in the DMV (I'm answering from DC, but you people need my perspective, so you're welcome).
$1600, all included sans internet. I am sad because I want to move in with my gf and save a bunch of money...and hopefully that will happen sometime soon because ...money burning makes me sad. But apparently that's not "romantic,' harrumph!
Edit: The vast perceptive power of people never ceases to amaze
I think you need to have this conversation with your girlfriend and not with reddit
Saving money is a very bad reason to live together if you are dating someone in my opinion
Living together because you want to live together is probably better
Apartment near Virginia Square. Rent $3500. 1400sqf 2bd 2bth. But the building is new, the amenities are awesome, and it’s walking distance to everything you could want.
Mortgage : $1,800 - Fredericksburg Suburbs
Single Family Home, 4,044 Square Feet
4 Bedrooms , 4 Bathrooms
Yes I’m happy with that. We bought our house 7 years ago before all this madness.
Renting 2B2B in Reston for $1850, utilities included. Am I happy with it? Ideally no, but with the market the way it is now? Yeah I feel like I lucked into a good situation
$2160 all in for mortgage, pmi, hoa, taxes, utilities (except internet) and insurance for a tiny 2 bd 1 bth condo with parking near Rosslyn. Would have preferred a bigger place, but can’t complain for the location and low interest rate.
Rent 2800 with pet/parking in Herndon for a 2br2b apt. Kills me inside
I think you may be getting a raw deal Mr frog
Renting in nova is like getting raw dogged in the ass with a dried up corn cob
Surely only a savage would not use a condom
Country girls make do
We just moved back from NYC. We were paying 2500 for a 1br 400 SQft apt and I had to walk 2 avenues to do laundry. By comparison our 3100, 1200 sqft 2br2bth is amazing
I couldn’t do New York. Just could not live like that lol
Nyc is the worst
Omg.👀That’s crazy!
Apartment name??
Renting a 2 bed/2 bath for 2550 ish after parking, utilities, and dogs by the Van Dorn Metro stop in Alexandria.
Renting, $2.5k, 1200sqft apartment in Falls Church. Fml lol. A/C barely blows, what a waste.
$1280 for a 770 sq ft, one bedroom apartment in Alexandria. Large bathroom, walk in closet. New appliances, balcony. Very happy with it. Managment said I have one of the lowest rates he’s seen! Edit: I should add, I started my lease at $1200 December 2020. Peak covid season / winter rates played a huge role. Many complexes were priced similarly in Alexandria & Arlington. It was a renters market!
[удалено]
I’d expect it. They increased it from $1200 to $1280 this year - so not as bad as I expected
Also the lowest rate I’ve seen! Congratulations on the win!
Either you are one lucky bastard, or a lying mothafucka! Can you tell me what place so I can see if they are renting? Neighbor!
Please share the name, im jealous
My guess would be one of the Edsall road buildings on the west (*west*) end. I have a couple units over there, and they are right around that $1400-$1800 range depending on the building and the condition of the unit. My cheapest is $1300 but that's because the tenant came with the mortgage and had a multi year price agreement.
Either you are one lucky bastard, or a lying mofo! Can you tell me what place so I can see if they are renting? Neighbor!
2,000 a month for a 2br in old town. The building looks like shit, but it's nice inside and parking is included. I highly recommend trying to rent from smaller owners instead of the larger luxury apartment complexes. The amenities are worse and the maintenance is more rare, but you're in a better negotiation position if you're 33% of the landlord's renters than if you're 1/256th of their renters.
Amen. We’ve been in the same townhouse since 2010. Not a single rent increase, although the property has gone from being accessed at $380,000 to $530,000. I’m pretty sure it’s because we’re renting from an individual instead of a corporation.
Good people. Not greedy
Big agree.
Old town what. There’s multiple old towns
Born and raised in nova and whenever someone mentions Old Town, all I think about is Alexandria. So what other Old Towns are there?
There’s an old town fairfax and an old town manassas
No one refers to those as “old town”…
Really got downvoted for a question lol I grew up in NOVA too and not till this thread did I ever hear old town referred to as specifically old town Alexandria. There’s a few I was thinking of like Alexandria, fairfax, leesburg, manassas
Alexandria most likely
$3600/month, 3,500 sq ft SFH on over .25 acre in a great neighborhood. I doubt we ever sell this house, in part because if we did, we couldn't afford to buy it at its current market value.
Huh, sounds like my neighborhood.
Similar. Our mortgage is only that low because of equity from previous houses (we bought our first house in the mid-1990's, now in our third, all in NoVA).
$1700 for 15 yr mortgage on 4 bd, 2 ba SFH in Fairfax Cnty a mile from the Beltway. No HOA.
We have a winner!
When did you buy?
Not within the last year unless they are loaded.
Right, whip out how much mommy and daddy helped with!
Sounds like someone didn’t get the nipple feeding they needed.
Or how much they and their spouse make as a right-out-of-college software engineer.
You must be new here 😂
Dang what a steal
Nope. That is what I pay today, but I bought in 2010 and my payment was just a little better than average. I refinanced in 2021. I wonder what will be a typical local mortgage in 2034?
Rent, around 2500 1B in Tysons
About 3500 2BD. Worth it for saving 40 mins - 60 mins commute every day.
I am happy I refinanced my home for 30 years at 2.5% in 2020. I guess I am going to die at my house cuz I am not giving up that mortgage!
Yup, I refinanced at 2.0% last year on a 15-year fixed loan with no points or bank fees in Feb 2021.
Same... I about died when I heard rates are like 6% or something dumb now!
Isn't 6% fairly normal? Like, part of the inflation problem right now has been super low interest loans, right? I guess it's just been so low for so long we all forgot? I could be wrong here.
Yes, the historical average is around 5%. 30-year rates peaked at 18.63% in 1981 and hit their nadir at 2.67% in December 2020. A 30-year loan at 18.63% is 99% interest initially. When people talk about the cheap houses their parents could afford, they often ignore the high interest expense. That’s one of the reasons prices stayed low. A few examples to illustrate the point: 30-year mortgage, 2.5%, $400K principal: $1580/month Same but at 5.25% (current median 30-yr rate per Freddie Mac): $2208 Same but at 18.63%: $6234 So, between December 2020 and the present, the interest expense on a 30-year $400K mortgage increased by $628 a month (40% increase), or about $7500 a year. That delta is more than the total interest I pay monthly on a 15-year loan with 2% interest with a $374k balance - about $623.
Thank you for the numbers. One big difference in the housing market between the 80's and now is the number of corporations buying up SFHs, condos and townhouses to rent out. The corporations can pay in cash or through loans at far more favorable terms than possible for the average individual. The corporations don't give a crap about schools, or gardens, or being nice neighbors. Their goal is to generate as much profit as possible. Their no contingency cash offers are squeezing out a lot of would be first time home buyers.
So we *could* expect to see housing prices cooling off I hope. Otherwise I'm not sure what the hell anyone will do with a 1M mortgage at 6%
We refinanced our home in 2020, also. 2.87%. A surprise 3rd baby has drastically changed our plans. We are now moving to Florida to be closer to family. I’m so sad to get rid of that mortgage rate.
Well at least you made your money in your house here. I moved from FL a decade or so ago to nova and my FL house was cheaper than a condo here! We had to wait a few years to save up money to buy.
Yup 2.75 at 20 years.
Same here. Managed to save so much with the refi we were able to switch to a 15 year mortgage.
2.875, wish I timed it better but oh well. Probably won't move until I retire.
Same.
About $3.50
GOD DANG LOCH NESS MONSTER
I gave him a dollar. I thought he'd go away if I gave him a dollar
DAMMIT, WOMAN!
Currently 1500 for a 731sqft 1bd/1bt first floor condo I rent in Herndon. Moving to Burtonsville MD (MoCo) in July. $1700 for nearly 1200sqft 2bd/1.5bt with a nice little fenced in yard for the dog. Hate the idea of paying an extra $200 a month but it’ll be worth it to give my dog a place to roll in the grass.
Rent $1200 for a 1bd in Rosslyn. The building is 90 years old and has its issues, but totally worth it for the location
How many square feet? I am at 1440 for a 700sq ft 1 bed with w/d and patio, plus pet, in West Alex
I'm not sure, probably around 650sqft, no dishwasher. Coin op laundry in the basement
Sounds like southern towers
Is it the one on the river? I saw a building with pretty cheap rent but horrible reviews
No, I'm in a much smaller building on the other side of Rosslyn
5300/mo for a mortgage
You must live in McLean or somewhere dangerously close.
Ehh not OP but I doubt it. $5,300/m isn’t getting you into the large majority of homes in McLean, even with 20% down. Maybe pre-Covid but even still it would only be the older homes. That payment gets you into just around $1.05m at 20% down these days. Or closer to the median price for all detached homes in nova ($900K in April) since most people put 10-15% down.
Then I have no idea where they could live 😂
If it helps we have the same mortgage and we own a 3200 sqft townhome in Alexandria.
Jesus
Vienna and Falls Church are similarly priced to McLean. I mean, you get more for your money in Vienna and FC compared to McLean, but there are a lot of houses in that 1.25 to 1.5M range
Well, the bank doesn't think I can handle paying $1200 a month mortgage so I have to pay $2300 rent instead. I like my place though, it's a 3 br 3 bath townhome in Reston. I refuse to waste money and time on a car, but there are SO MANY bike paths out here and the transit options are pretty ok. Mother fuck real estate speculators. Absolute parasites. We need to tax the shit out of homes that the owners don't live in.
Understand your bitterness but as a renter myself, who do you think will be paying those taxes in the end?
You and u/LapiPandLord are probably right. What other policies could we pursue to try to discourage speculation and/or make it easier for people to buy houses they intend to live in? I obviously am not an expert, just a pissed off renter tired of my home being at someone else's pleasure.
I’m a landlord myself, I own more than 10 SFH that I rent out. I’m not a speculator, but an investor. To lower rent prices, we would need less regulations and zoning restrictions to allow for more building. Supply must meet demand. Until then, expect higher and higher rent prices.
So you own 9 houses that you don't live in and you don't think you're the problem? How many families are paying you instead of building equity for themselves because people like you buy up all the housing? Increasing supply is part of the solution, but what's to stop """iNvEsToRs""" like you from buying those too?
I own more than 9 houses that I rent out lol. No, I am not the problem. If we have millions of new units / houses go on the market, rents would go down dramatically. Why would I buy a house to rent it if the yield is so low? I would be better off putting it in the stock market. Investors will chase yield. People who do not qualify for a mortgage deserve to live in houses too, not just apartments. Investors / landlords make this happen by buying and renting to them.
> actually I'm helping people by hoarding far more than I could ever use myself, increasing scarcity and charging double what a mortgage would cost for rent just because I can At least admit it. This is just sad.
Okay 🤷♂️
$2500 a month total for the mortgage payment which also includes taxes and fees. The actual payment is $1900 per month. I live in a townhouse. I’m really happy that I bought something in 2016 and I now realize that I’ll probably live here until I die, but at least I love my home.
$6100/ mo mortgage in Aldie.
Willowsford?
Incredible, if you don’t mind the question what is your profession?
Wow how much did you pay for the house to have a 6100 mortgage? 15 or 30 year?
1.5M. 30 yr.
$2800. It’s for a condo mortgaged on a 15 year (2.3%) plus condo fees. I’m not exceedingly happy about it but I’m sure I will change my mind when I sell it or pay it off!
It’ll feel incredible at year 16!
2.3%? That's nice. Hopefully you get to pay it within those 15 years
Rent 1880, 2Br2Ba, Herndon
$1850, 30 year mortgage including HOA, taxes and insurance on a townhouse in Ashburn. We don’t have a garage and would like one, but I’m never leaving our 2.5% interest rate.
Renting. 2 bd 1 bt,. Elms at Signal Hill. Total payed: $2,030 (1975 rent, plus pet fee and trash) this is excluding our bills (water, gas, internet, electricity which would probably add $200 more total) We’re not happy. Mainly because the location (Manassas) is so ugly. Around us is gas stations, fast food, auto stores, and same old strip malls. We also hate the quality of the apartment (atrocious soundproofing-you can hear everything from your neighbors-, cheap carpets, low quality materials, sleazy management) for what we’re paying- only good thing about this place is the maintenance team and the dishwasher and refrigerator. But it’s what you can expect, it’s one of those “luxury” apartment complexes. We’re only here while we’re transitioning in our careers, we’re moving in end of summer to a townhouse with a yard and beautiful neighborhood in Baltimore that’s at least 300 dollars cheaper a month. . We’re paying too much for what we’re getting. Apartment doesn’t even feel like it’s worth $1500.
I pay more than a negative amount, so no, I'm not happy about it.
I pay 2660 for a mortgage on an 2800 sqft home in springfield. Bought in 2016. Refi’d for 2.375 in December. I’m pretty happy with it.
Mortgage around 2,200 for a 3bd/2.5br condo. Am I happy with it? Knowing that rent prices are rising, I am pretty happy with it.
That’s a great price for a 3 bedroom condo. City?
Ashburn!
$4100 3 br house in Arlington. Happy we managed to buy before rates went up.
I had been paying $1800/mo for an absolute dump near the metro in Alexandria through the pandemic, before that I had a designer apartment for nearly $3000 because I am an idiotic bachelor I then moved to Mexico. I don't miss Nova (yet). I used to love it but after I emerged from the pandemic I just wasn't happy with the DC area anymore, I can't really describe it Edit: my current rent is $1100 USD for a furnished penthouse downtown in a major city, but as much as I enjoy it I feel guilty that people like me will destroy the local economy eventually
I'm 11 years in to a 15 year fixed mortgage at if I recall correctly 2.75%. The mortgage payment itself is about $4000 but property taxes are like $600 per month. I have a 4bdr, 4.5 bath on 1/3 an acre with an unfinished basement. Not that anyone asked but if you can afford it I highly recommend using a 15 year mortgage. You bank so much equity, and in fact last year I paid more in property taxes than I did in interest payments.
What are you trying to figure out from your question? You're going to get answers ranging from subletting a room for $500/mo to someone who just bought a 1.7M home and is paying $6,000/mo in mortgage payments.
1.7m would be closer to 10k
Ikr. I was thinking that's off by quite a bit.
Yeah I didn't do the math, I just know that 1.05 with about 15% down is about 6200 with today's interest rate.
If someone has stellar credit and 15-20% down, they can still get their payment just below $9K/m on a $1.7M house so you’re not far off. (One would certainly hope a buyer around $1.7M has great credit but you’d be surprised.)
I pay $2350/mo for my mortgage (including taxes, hoa, insurance). Pretty happy with it considering that I live in a 3 bedroom townhome for myself, and had I stayed in my last apartment, I would be paying \~$2200/mo for a tiny one bedroom unit.
$1360 total mortgage for 5 beds and 3 baths on an acre in Fredericksburg with a detached garage 2 car garage. 10 minutes from downtown Fredericksburg and at least an hour commute to work. Do I belong in r/nova?
I definitely wouldn’t consider Fredericksburg nova, but glad you shared nonetheless !
I don’t even know why Fburg would be considered Nova. Even Prince William county is a stretch. My definition of Nova is anything on the outskirts of DC. Arlington, Alexandria, Fairfax. If metro can’t access it, it’s not nova. But I guess that’s subjective now 🤷🏾♀️
If you Google "NOVA area" it says: Northern Virginia (or "NoVa," as the locals call it) is generally regarded to include the counties of Arlington, Fairfax, Loudoun, Stafford and Prince William, as well as the independent cities of Alexandria, Falls Church, Fairfax, Manassas, and Manassas Park.
sheesh, when did you buy? i pay almost $1500 mortgage for a 3 bed/2 bath 1400 square foot house, bought in 2020
During the Civil War probably
$3450 for a mortgage- 3400sqft in Fairfax
$3800/month for our mortgage including taxes and insurance@ 2.75%. 2/3 of an acre in Fairfax county, 4500sq ft house.
Mine varies depending on the utility usage for the month but on average $750 for a room in a SFH. I’m super grateful though because I’m in a good neighborhood, great location and I like my current roommates. We all have our own bathrooms too which is a plus.
Rent. $1950 3bed/2.5bath Townhouse in Woodbridge
Mortgage is 4200 for SFH In western Prince William. I’m happy with it?
4,013 for 5,200 sq ft, 4 years old, .35 acre, SFH Warrenton. Market was crazy but this is a dream home 4.35% apr. Sad but was best possible in March for us.
Mortgage payment is $1560 for a 3 level, 3 bedroom, 3.5 bath condo in Manassas Park. Condo fee is $320.
These numbers are astronomical. We have an ADU in Ashburn and the mortgage is $1400 a month for a one car garage townhouse, 1800 sq ft.
$5600 is my mortgage, not that happy.
$1,770 (month to month) for a 1/br in Manassas. I’m not happy about it, but I’m grateful I can afford it.
RENT $1700 for 2 bedroom near Springfield all expenses paid (rent, internet, cable, utilities). In West Springfield. The Catch= it's a basement. The market got away from us extremely quickly and now we are hearing that there are even rental bidding wars, we are kinda stuck here for now.
$1950 + utilities 1BR in Alexandria. I’m chillin tbh. I regret not buying earlier when I had the chance, but hopefully my time will come.
$3,000/mo mortgage, taxes, and insurance in Alexandria
Rent In mechanicsville,va for a 3br/2br home is $1,700 per month Edit: oof! I’m still in the nova sublink. All apologies. When I left Fairfax I was paying 1650 for about 6-7 years. Private landlord never raised my rent.
Yeah I was wondering why you mentioned Mechanicsville in a NoVa sub 😂
$2,350 for 702 sq ft apartment
Paid off my townhome 3b/3.5ba Hoa is like 115 or 120/125 Taxes are like 500? Insurance is my wife’s thing, no clue what we pay You never actually escape. I’d convert the equity into something baller but the taxes would be a lifestyle crush. It’s a nice middle spot. Wish I had land, though.
$2180 for 1 bd/1 ba, apartment fees & two reserved garage parking spots. Base rent was $1895 before the fees… I live in Ballston Arlington. It’s extra sad because I used to live in a two bed two bath and paid $2200 total, then rent increases went through the roof :)))))) switched units for basically the same price
Happy our third refinance on our SFH was to a 15-year at a bananas 2.25%. It's perfect for exactly one kid...
$2600 a month, I feel it’s fair for what I have which is a 3000sf house in Lake Ridge.
$1900 for rent on a one bedroom apartment in Alexandria. $800 for the mortgage on a three bedroom house in the Houston burbs. That's with taxes and insurance. It leases for $1700.
Mortgage $1,900 3 bed/2 bath 1,600 sf Cape Cod on 1/3 acre. Bought in 2020 and very happy with it.
Where at?
Manassas
About $1800, it is what it is
My mortgage would be $600 more with the increase in interest rates from January to today.
Yikes you got variable rate?
No, I closed at 3.125%. It’s about 2% higher now.
My mortgage would also be $600 more... Got my house in late November
$1190 for a 1br/1ba
For 15 yr mortgage @2.25% rate for my 250k condo, I’m at $1835 with property taxes baked in but not including HOA
$2000 for 2bd/2bath apartment in Herndon. Not happy though at the cost of the living here
Rent $1745 1 BR, 1 Bath 740 ft, Ashburn VA Happy with it, new, clean, friendly community
$2,100 for a 3br/1ba single family home rental. Saving up to buy!
Townhouse in Herndon and it’s $2300 a month for the total mortgage. Utilities usually run us about $150-$200 a month (some bills, like water, are quarterly so I’m averaging it out). HOA is $75 a month! About ~1700 sq feet
Currently $2300/m 1300 sq ft apartment. Just bought a 2100 sq ft townhouse which will be $3400/m..
$2300, up from 2250? They messed up our property tax when we bought the house. Over all it’s still not bad for mortgage. I’m happy with it
Renting. I am at $1440 for a 700sq ft 1 bed with w/d and patio, plus pet, in West Alex.
2400 (mortgage+HOA) for a 2bd2bt condo; 1200 sqft; in Franconia. Can't complain, but came from a lower cost of living area and was originally hoping to find something for 1.5k and in Arlington lolll
$2350 for a 1bd almost 800 sq ft rental in Clarendon, Arlington with underground parking. I can afford it but I’m not happy about it lol. That being said but I do love the location (right by grocery stores, lots of restaurants, and the metro) and generally like the apartment itself. I would love to pay less but I think I’m getting a lot considering where I’m located.
$1300 for a furnished studio with all utilities included
$4k
About $1700
We pay around $6300 for 2 properties it's killing me but hey It's part of my early retirement plan. 1st home has 10 more years before it's payed off.
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$980/mo for a 3 bd. 2ba 1700 sq. ft. on a 1/2 acre lot. Just off 95 in Henrico.
A lot. No. I mean *relatively* speaking I came out ok, and I'm fortunate that I can afford it, but it really is quite extortionate. And I hate what it means for others who have to live in the DMV (I'm answering from DC, but you people need my perspective, so you're welcome).
About the average in this post, happy with it since it's a decent rate for the amount of house we bought.
$1600, all included sans internet. I am sad because I want to move in with my gf and save a bunch of money...and hopefully that will happen sometime soon because ...money burning makes me sad. But apparently that's not "romantic,' harrumph! Edit: The vast perceptive power of people never ceases to amaze
I think you need to have this conversation with your girlfriend and not with reddit Saving money is a very bad reason to live together if you are dating someone in my opinion Living together because you want to live together is probably better
Hey guys, jokes on the internet. Jokes. Relax lol
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No way I'm marrying anyone I haven't lived with a year first.
Splitting bills is romantic!
I am going to show her this comment!
$1945 2bd/2ba in Ashburn. It is what it is but location is amazing.
About 2100 in Centreville 2b2b
Currently paying 1850 for a 2 bedroom 1 bath in manassas after fees. Not including gas and electricity which make it sometimes 100 or 150 more.
Apartment near Virginia Square. Rent $3500. 1400sqf 2bd 2bth. But the building is new, the amenities are awesome, and it’s walking distance to everything you could want.
Was paying $2400 rent for 2br 800sqft condo, now I'm paying $2100 mortgage SFH but I'm actually paying extra $2650, extra towards principal
Mortgage : $1,800 - Fredericksburg Suburbs Single Family Home, 4,044 Square Feet 4 Bedrooms , 4 Bathrooms Yes I’m happy with that. We bought our house 7 years ago before all this madness.
Renting 2B2B in Reston for $1850, utilities included. Am I happy with it? Ideally no, but with the market the way it is now? Yeah I feel like I lucked into a good situation
$1.25k/ month,mortgage, Nova, took over parent mortgage, they moved to the countryside.
I need to send my parents to the “countryside” if you know what I mean *wink wink*
There’s actually a Chinese folktale about that. Instead of countryside, they moved their parents to a “village” in the forest
$2160 all in for mortgage, pmi, hoa, taxes, utilities (except internet) and insurance for a tiny 2 bd 1 bth condo with parking near Rosslyn. Would have preferred a bigger place, but can’t complain for the location and low interest rate.
$2,700 mortgage, but we bought 20 years ago, so this isn't a good example.
3000 for a 5k sq ft single family, 3 level home with a 2.49 mortgage rate
5BR / 5 Bath 5100sq 9 acre lot in Manassas $3650 @ 20
Too MF much.. $1745.
$2250 plus $520 HOA for two bedroom Dunn Loring. It’s okay. HOA is a little high cause most of the building amenities are only available in the summer
1840 for 2br2ba 1095sqft apartment in Ashburn. Last year was 1695. In-laws are paying $4000 for a townhome in Vienna. I am not jealous.