Over the last decade, our county has experienced unprecedented increases in the cost of for-sale housing and a significant decrease in affordable rental housing. In addition, according to data from George Mason University’s Center for Regional Analysis, to meet the demand associated with projected job growth over the next 20 years, the county will need thousands of additional homes that are affordable to new workers – earning a range of incomes.
These are the affordable housing challenges facing the county:
- Between 2010 and 2015, Fairfax County saw a significant increase in the cost of rental and for-sale homes by as much as 27 percent. The average household income increased by 10 percent during this time period – see chart below.
- The average monthly rent in the county was $1,764 in 2015. You need an income of at least $70,560 to afford a typical rent.
- About 45 percent of all jobs in the county pay less than $50,000 per year. That includes nearly 300,000 jobs in business services, retail, hospitality, construction, health care and education.
- Thousands of residents and their families spend more than half of their income each month on housing costs. As a result, families spend less on other necessities such as food, health care, transportation, child care and education. They also spend less on other goods and services in the local economy.
We are asking your input to help us better understand our local housing needs and plan for ways to ensure there are housing options for everyone who wants to live in our county. Please take a few minutes to respond to our survey – deadline is July 15.
The results from the online survey will help shape the Communitywide Housing Strategic Plan to:
- Create a shared community vision of how housing supports local economic growth and community sustainability.
- Quantify the housing needed to sensibly accommodate future growth.
- Develop specific, measurable and actionable strategies for meeting countywide housing goals.
- Identify the programs and policies, and specific funding sources, that will be required to address housing needs in 5, 10, and 15 years.
In addition, information on an upcoming community meeting on July 13 at 7 p.m. will be posted soon here.
In addition to your input, we will continue to work on these initiatives already underway: