by Elizabeth Hughes, Senior Director of Insight RegionTM
Northern Virginia is one of the country’s most expensive places to live, but also one of its most affordable.
Now, I know how that sounds. But look at the data—in 2019, Loudoun County had the fourth highest median housing cost among all counties and independent cities in the country, followed by Fairfax (#8), Arlington (#10), Prince William (#24), and Alexandria (#26). The same year, 72% of households had housing costs that were considered “affordable” by the US Department of Housing and Urban Development (HUD), and just 11% were considered severely burdened by housing costs, a rate well below the national average (14%) and other tech hubs.