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Sully Square

Learn about the people, housing, costs and businesses in Sully Square, Virginia

Median Home$763,400
Median Rent$2,282/month
Population2,483
Leading IndustriesArts, Food & Hospitality · Healthcare · Education28% arts, food & hospitality
Home Value Growth⬆⬆+13.5% over 2 years
Young Adults36% of residentstop 5% nationally
Homeowners58% of occupied units
NotableHigh Incomes$172k/year · top 2% nationally
NotableTransit88/100 · excellent transit access
Sully Square
VA

Frequently Asked Questions

What are today's mortgage rates in Sully Square?

As of today, the 30-year fixed mortgage rate for Sully Square is approximately 6.831% (6.865% 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 Sully Square?

The median home value in Sully Square is $763k. The median monthly rent is $2,282. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sully Square?

Home values in Sully Square have increased 13.5% 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 Sully Square?

Based on a typical all-in ownership cost of $2,488/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $107k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sully Square is $172k/year.

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What industries drive the economy in Sully Square?

The largest employment sectors in Sully Square are healthcare (28%) and arts, food, and hospitality (28%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.