Innovation, VA housing market
Homes typically sell in 24 days, close to asking.
Home values, sales, trends and how Innovation compares with the towns next door — updated as new data is published.
Innovation at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Home prices up 45% in 5 years
The federal house price index for the ZIP codes around Innovation rose 45% over the past 5 years, slower than across Virginia (49%). Last year prices rose 3.7%.
Show as a table
| Year | Change that year | Since 2000 | Virginia since 2000 |
|---|---|---|---|
| 2025 | +3.7% | +219% | +189% |
| 2024 | +5.7% | +207% | +178% |
| 2023 | +8.4% | +191% | +161% |
| 2022 | +7.9% | +168% | +142% |
| 2021 | +13% | +148% | +113% |
| 2020 | +4.9% | +119% | +94% |
| 2019 | +4.3% | +109% | +88% |
| 2018 | +2.7% | +100% | +81% |
| 2017 | +6.2% | +95% | +74% |
| 2016 | +2.8% | +84% | +69% |
| 2015 | +1.1% | +79% | +65% |
| 2014 | +9.3% | +77% | +61% |
| 2013 | +8.8% | +62% | +57% |
| 2012 | +4.8% | +49% | +55% |
| 2011 | +1.8% | +42% | +57% |
| 2010 | +6.9% | +39% | +61% |
| 2009 | −9.8% | +31% | +69% |
| 2008 | −35% | +45% | +81% |
| 2007 | −10% | +124% | +89% |
| 2006 | +7.5% | +149% | +86% |
| 2005 | +29% | +131% | +69% |
| 2004 | +23% | +80% | +41% |
| 2003 | +7.9% | +45% | +23% |
| 2002 | +14% | +35% | +17% |
| 2001 | +18% | +18% | +8.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 20109, 20110, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
Innovation and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Innovation | — | +3.7%† | $2,180 | — | $31,943 |
| Linton Hall | — | +6.1%† | $2,920 | — | $178,915 |
| Manassas | $550K | +0.8% | $2,080 | 115 | $113,590 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,180
HUD's Fair Market Rent for a two-bedroom in Innovation is $2,180 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Innovation pay a median of $1,757, so moving in tends to cost more than staying put. A two-bedroom takes about 82% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,890 · 4 bedrooms $3,230
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (20109, 20110; Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.