The tight-knit community of Purcellville is a part of Loudoun County and can be found just west of Leesburg on Route 7. Residents are not too far from the Washington, DC area and all of its recreational, educational and economic amenities, making it an ideal community to stay in especially if they're looking to make a weekend trip to our Nation's Capital. Of course, Virginia itself is rich in history so residents won't have to venture too far to explore the area's historical significance to American history. Residents are also treated to fantastic views of the Loudoun Valley and Blue Ridge Mountains.
Purcellville is home to over 6,200 residents and has experienced a considerable population growth in the past decade. Once you step foot into this community you'll be greeted by Victorian-style buildings along with a charming rural atmosphere coupled with warm and friendly locals. The real estate market in this part of Loudoun County is anchored primarily by single-family homes and opportunities for development are prevalent as listings for land property and parcels are available as well.
The community's student population attends several local schools that are under the umbrella of the Loudoun County Public Schools district. Students also have the opportunity to attend Patrick Henry College, a local private college, along with several nearby institutions of higher learning that are within commuting distance.
The real estate market in Purcellville is diverse and quite affordable making it the perfect place for young families, professionals, empty nesters, and retirees. Listing prices for single-family homes in Purcellville start at $110,000 to over $2 million for a 4 bedroom home that boasts open pastoral views of the surrounding areas. Real estate investors and developers will find that Purcellville also has a fine selection of land parcels that are up for sale with prices starting as low as $120,000 for a 3 acre lot.
Purcellville Real Estate Stats and Trends for the week of January 23rd, 2020: homes priced around $573,995 compared to $560,969 the previous week, showing a increase of more than +2%. For Thursday, January 23rd, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.