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Merrifield

Learn about the people, housing, costs and businesses in Merrifield, Virginia

Median Home$650,075
Median Rent$2,420/month
Population20,698
Leading IndustriesHealthcare · Arts, Food & Hospitality · Professional Services29% healthcare
Home Value Growth⬆⬆+18.1% over 2 years
Young Adults45% of residentstop 2% nationally
Renters61% of occupied units
NotableAmenity Score86/100 · highly walkable area
NotableHigh Incomes$145k/year · top 4% nationally
Merrifield
VA

Frequently Asked Questions

What are today's mortgage rates in Merrifield?

As of today, the 30-year fixed mortgage rate for Merrifield is approximately 6.833% (6.867% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Merrifield?

The median home value in Merrifield is $650k. The median monthly rent is $2,420. Annual property taxes average $7k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Merrifield?

Home values in Merrifield have increased 18.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Merrifield?

Based on a typical all-in ownership cost of $2,569/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $110k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Merrifield is $145k/year.

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What industries drive the economy in Merrifield?

The largest employment sectors in Merrifield are healthcare (29%) and arts, food, and hospitality (26%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.