Homes under $1M in Northern Virginia
Under $1M is a strong Fairfax County single-family budget — Vienna, Oakton, Fairfax, and parts of Arlington and Alexandria — with room for newer or larger homes farther out.
Near the top schools and Metro, this range is competitive. We combine valuation and a disciplined offer strategy so you don’t overpay in a bidding situation.
- Where it lands: Vienna, Oakton, Fairfax, Arlington, Alexandria, McLean (entry)
- Property types: Single-family across Fairfax & Arlington; entry McLean
- What to expect: A strong single-family budget in sought-after areas; expect competition near top schools.
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What can I buy for under $1M in Northern Virginia?
A strong single-family budget in sought-after areas; expect competition near top schools. Typically that means single-family across fairfax & arlington; entry mclean in areas like Vienna, Oakton, Fairfax, Arlington, Alexandria, McLean (entry). The exact mix shifts with the market — we’ll send you what’s actually available today.
What’s the monthly payment on a $1M home?
At $1M with 10% down at 6.5% over 30 years, the estimated total payment is about $6,864/month including taxes, insurance, and PMI. Your actual payment depends on your rate, down payment, HOA, and loan program.
Should I look at new construction under $1M?
Often yes — builder incentives (closing-cost credits, rate buydowns) can make a new home’s true monthly cost competitive with resale. Always verify current incentives directly with the builder, and compare the real numbers side by side.
See what’s available under $1M
Get matched homes for your budget and timeline — Raoul Shah represents you through the offer and closing.
Price ranges are illustrative and not a guarantee of available inventory. Monthly estimates are informational only, not a loan approval.