News from Insight Region^®

by Elizabeth Hughes, Senior Director of Insight Region^TM

Insight Region recently released its first research brief, Unequal Burden, which highlighted the state of housing affordability in Northern Virginia. The brief and the release event that we held on January 13^th (watch here) have generated a lot of questions about how we move forward as a region.

In this post, I am joined by my colleague Michelle Krocker (MK) from the Northern Virginia Affordable Housing Alliance to begin to answer some of those questions. Please check back as we continue to update this page with more responses.

by Elizabeth Hughes, Senior Director of Insight Region^TM

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.

A new report by the Community Foundation for Northern Virginia finds that 67% of Northern Virginians with low incomes (less than $50,000 per year for a family of four) are “severely burdened” by the cost of housing, spending over half of their income on rent, mortgage, taxes, fees, and basic utilities. Individuals and families with moderate incomes ($50,000 to $100,000 for a family of four) fare slightly better, but still over half (59 percent) cannot afford their homes and 19% spend over half of their income on housing.

In 2020, the Community Foundation for Northern Virginia launched Insight Region^®, a center for community research. It is a growing hub for reliable, well-researched, and actionable data and analyses on issues critical to Northern Virginia. Through this work, we seek to inform charitable giving, inspire civic and social action, and foster a more inclusive, prosperous region.

In 2021, Insight Region will focus on understanding and promoting Inclusive Prosperity – increasing self-sufficiency, expanding economic opportunity, and forging pathways for long-term movements out of poverty for all of Northern Virginia’s residents.

“Through the collection and curation of relevant, reliable, and actionable data, Insight Region will allow the community to explore the unique strengths and needs that define this region and to understand how investments in programs and services can make Northern Virginia more resilient, healthy, and equitable,” said Hughes.