CALCMONEY // HOME AFFORDABILITY // VA // MCLEAN
How much house can you afford in McLean? Based on local median home prices, current VA mortgage rates, and McLean property tax data.
$1,925,000
$12,549/mo
$537,801/yr
$1,026,878
Monthly housing costs of $12,549 represent 45.0% of McLean's median gross monthly income ($27,917/mo). At 45.0%, median-income buyers in McLean are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $1,925,000 |
| Down Payment (20%) | $385,000 |
| Loan Amount | $1,540,000 |
| Monthly PI Payment | $10,142 |
| Monthly Property Tax | $1,604 |
| Monthly Insurance Est. | $802 |
| Total Monthly PITI | $12,549 |
| Housing Cost % of Income | 45.0% |
| Required Income (28% rule) | $537,801/yr |
| Max Affordable Home | $1,026,878 |
$67,375
$15,956/mo
McLean Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $1,925,000 | McLean city median |
| Down Payment (20%) | $385,000 | Conventional loan |
| Monthly PITI | $12,549 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $537,801 | Annual gross |
| Max Affordable Home | $1,026,878 | Based on median income |
| FHA Down (3.5%) | $67,375 | Minimum FHA |
| Housing Cost % of Income | 45.0% | Median income: $335,000/yr |
| Property Tax Rate | 1% | $19,250/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in McLean is $1,925,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $1,540,000, generating a monthly P&I payment of $10,142. Adding property taxes ($1,604/mo) and homeowners insurance ($802/mo) brings total monthly PITI to $12,549.
McLean's property tax rate of 1% is near the national average, adding a standard increment to monthly housing costs. On the McLean median home, that is $1,604/month, or $19,250 per year.
Virginia levies a state income tax, which affects take-home pay and effective buying power. High-income earners in McLean should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning McLean's median income of $335,000/year can afford up to $7,817/month in total housing costs. Based on McLean's mortgage rate of 6.9% and property tax rate of 1%, that translates to a maximum affordable home price of approximately $1,026,878 with 20% down on a 30-year loan.
To afford the median McLean home priced at $1,925,000, you need an annual gross income of approximately $537,801. Total monthly housing costs (principal and interest of $10,142, property taxes of $1,604, and insurance of $802) come to $12,549/month, which equals 28% of the required income.
At the median home price of $1,925,000 and median household income of $335,000, the total monthly housing cost of $12,549 represents 45.0% of gross monthly income. This is well above the standard 28% threshold, making McLean a challenging market for buyers at median income.
A conventional 20% down payment on the median McLean home of $1,925,000 is $385,000. An FHA loan requires just 3.5% down — $67,375 — but adds mortgage insurance of roughly $1,316/month, bringing total FHA payments to $15,956/month.
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