Summary answer: On a $100,000 household income, standard lending guidelines put your realistic purchase price around $300,000–$350,000 — which falls short of Leesburg's median (roughly $756,000–$867,000 depending on the data source), but does put you in range for the area's more affordable condos, which start around $285,000–$420,000.
I'm Johnny with JQ Real Estate. Let me give you the honest picture of what this budget actually gets you in Leesburg.
The math, and where it points in Leesburg
| Step | Estimate |
|---|---|
| Gross monthly income ($100K/yr) | $8,333 |
| Target housing payment (28% front-end ratio) | ~$2,333/mo |
| Realistic purchase price (10% down, current rates ~6.65%) | ~$300,000–$330,000 |
| Realistic purchase price (VA loan, 0% down) | ~$350,000–$390,000 |
Why condos are the realistic path at this income level
Given Leesburg's condo inventory starts around $285,000, a $100K income with a VA loan or modest down payment genuinely reaches this segment of the market — though single-family homes, which dominate Leesburg's identity, remain out of reach at this income alone.
Why Loudoun's low tax rate helps stretch this budget
At $0.805 per $100 of assessed value — kept low thanks to substantial data center tax revenue — your monthly carrying cost runs lower here than in many neighboring Virginia counties, a real, if modest, advantage at this income level.
What changes your number
- Loan type — a VA loan removes the down payment requirement, meaningfully expanding your range
- Second income — if this is a household decision, the math roughly doubles, opening up townhomes
- Down payment assistance programs — worth exploring given the gap to Leesburg's median
Get your actual number
Reach out and I'll connect you with a lender for a real pre-approval and help you figure out which Leesburg neighborhoods actually fit your budget.
For more Leesburg buyer and seller questions, visit our Leesburg real estate hub.