Housing Needs and Market Analysis, Thomas Jefferson PDC

TR Number
Date
2006-10
Journal Title
Journal ISSN
Volume Title
Publisher
Virginia Center for Housing Research
Abstract

The need for affordable housing in the Thomas Jefferson PDC is a consistent theme throughout this report. The strong sales market in this area is driven by higher income households and previous homeowners taking advantage of low mortgage rates to "trade up" in the market. However, for many others in the area, homeownership is out of reach. Also in this area, renting is not a more affordable alternative to ownership. Workers in occupations vital to the community have difficulty finding affordable housing in the PDC.

Description
Keywords
housing needs, homeownership, affordable housing, Thomas Jefferson PDC
Citation
Marilyn Cavell, Ted Koebel, Casey Dawkins, and Patricia Renneckar. "Housing Needs and Market Analysis, Thomas Jefferson PDC," Virginia Center for Housing Research Blacksburg, VA 24061, Oct. 2006.