Friday, March 26, 2010

How Affordable Is Your Area

Via Virginia Housing Alliance... New Statistics on Regional Affordability:

The Center for Neighborhood Technology has released its Housing and Transportation Affordability Index, which factors in the cost of transportation when calculating the cost of living in greater metropolitan areas.

Loudoun County is deemed "affordable" with housing cost averaging less than 30% of household income. HOWEVER, the "Housing and Transportation Affordability Index" (new) says those costs combined should be 45% or less of household income. In Loudoun, it averages more than 50% (compared with DC region which is 44%).

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