Fairfax County housing shortage expected in coming years
FAIRFAX, Va. (AP) - With the Washington region expected to gain jobs over the next 20 years, experts say Fairfax County may face a severe housing shortage.
WTOP Radio reports the region is expected to gain more than 850,000 jobs over the next two decades. And more than half of them will come to northern Virginia. Fairfax County alone is expected to add 134,000 jobs.
A new report from the George Mason University Center for Regional Analysis says Fairfax County will need to develop about 85,000 new housing units. That's about 81 new homes each week for the next 20 years. The housing need is greater in Fairfax than any other county in northern Virginia.
Researchers say most workers will be looking for single-family homes ranging from $400,000 to $600,000.