This week, the U.S. Census Bureau released estimates indicating that Fairfax County now has the highest median income in the country, edging just over $100K for 2006! Fairfax County and Loudoun County are in a fierce competition for the richest county in the country – With the national median being $48,451, both Fairfax at $100,318 and Loudoun at $99,371 come in at more than double.
Neighboring counties are not doing poorly either with Arlington reporting in at $87,350, Prince William at $80,783 and Montgomery County at $87,624.
According to a demographer with the Brookings Institute, a Washington think tank, the region as a total ranks second only to the Silicon Valley.
In another report I read today published through our local real estate board, NVAR, even with our real estate market adjustment, affordable housing still remains a challenge. In the coming months, as the market continues to stabilize, we are expecting real estate activity to make slow and steady gains!
If you’d like to talk further, as always, feel free to call me. I’d be happy to talk with you about the sale of your home and/or the purchase of a new one!
Happy Thursday!
Jennifer
