History
Coppermine Crossing was established as part of the broader development initiatives in Fairfax County, which has been known for its rapid suburban expansion. The community, situated in the Herndon area, was developed around the early 2000s, with construction phases completing around 2009. This timeline aligns with Fairfax County’s push towards more urban and suburban living options to cater to the increasing population and workforce near the Washington, D.C. metropolitan area.
The name “Coppermine” might reference historical mining activities in the region, reflecting a nod to Virginia’s past industrial endeavors or simply chosen for its appealing sound. The development’s history is tied to the broader narrative of Fairfax County’s growth, which transformed from rural farmland into a hub of technology and commerce, particularly with the influx of federal jobs and the tech boom in areas like Reston and Herndon.
Demographics
Demographically, Coppermine Crossing reflects the diversity and socio-economic vibrancy of Fairfax County. The county itself is one of the most populous and affluent in Virginia, with a median household income significantly higher than the national average. This affluence is mirrored in neighborhoods like Coppermine Crossing, where residents are typically well-educated professionals, many of whom are employed in nearby tech corridors or government agencies.
The community likely hosts a mix of ethnicities, with a substantial Asian and Hispanic population, consistent with the county’s demographic makeup. The age distribution might lean towards young professionals and families, given the proximity to major employment centers and quality educational institutions. However, exact demographic statistics for Coppermine Crossing alone are not distinctively available from general web searches but can be inferred from Herndon’s broader demographic trends.
Real Estate Trends
Real estate in Coppermine Crossing follows the trajectory of Fairfax County’s market, which has been characterized by high demand, rising property values, and competitive bidding scenarios, especially in the condo and townhome sectors. Here are some detailed observations based on current data:
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Pricing and Value: Properties in Coppermine Crossing are competitively priced, with condos ranging from approximately $530,000 to $575,000 for units between 2,200 to 2,700 square feet. This pricing reflects the broader appreciation in real estate values within Fairfax County, where median home values are among the highest in Virginia.
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Market Dynamics: The Fairfax housing market, including areas like Coppermine Crossing, scores high on competitiveness. Properties often sell at or above asking price, with homes spending an average of 29 days on the market in recent years. This suggests a strong seller’s market where inventory is low relative to demand.
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Rental Market: For those not looking to buy, the rental market in Coppermine Crossing provides an alternative with average rents around $2,894, which is higher than many neighborhoods in Virginia but aligns with the cost of living in this area.
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Future Outlook: Real estate appreciation in Fairfax has been steady, though slightly lower than other parts of Virginia in recent years. However, the strategic location of Coppermine Crossing near major transport links, including the Dulles Toll Road and future development plans like the Silver Line extension, suggests sustained or potentially increasing property values.
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Community Amenities: The condos in Coppermine Crossing typically offer amenities that cater to a lifestyle conducive to both young professionals and families, including community centers, pools, and green spaces, which add value to the living experience but also to the property itself.
Conclusion
Coppermine Crossing Condo in Fairfax County, Virginia, represents a microcosm of the broader trends sweeping through one of America’s wealthiest counties. Its history is a testament to the rapid urbanization of the region, its demographics a mirror of Fairfax’s diversity and prosperity, and its real estate market a clear indicator of high demand and substantial growth in property values. As Fairfax continues to evolve, so too does Coppermine Crossing, adapting to the needs of its residents while maintaining its appeal in the competitive Northern Virginia real estate market. For those interested in further details, visiting copperminecrossing.org would provide the most up-to-date information directly from the community or its management.
