Homeownership Affordability in Virginia (2004)
Despite much more rapid increases in housing prices than incomes, the median house sold (excluding most new construction) remains affordable to the median family in the state. In addition, the median house remains affordable to the median family within every VAR market area of the state. Although the average Virginian cannot afford to buy the median house in Northern Virginia-Fairfax and Dulles-Loudoun, the average family in Northern Virginia can.