200031 Resource 160154 161269 161269 1206102989954 1206102989954 Controlled Good Buy for the "Regular Guy" -- Median Priced Homes in Northern Virginia

People can afford to buy homes in Northern Virginia

<h2 style="MARGIN-TOP: 2px"><img title="good buy FOR THE REGULAR GUY" height="130" alt="good buy FOR THE REGULAR GUY" hspace="8" src="http://activerain.com/image_store/uploads/5/9/6/1/5/ar120606000551695.JPG" width="150" align="right" />Welcome to Good Buy for the "Regular Guy" -- hey, it rhymes and it's a direct ripoff from the once popular Bravo! series "Straight Eye for the Queer Guy."  In this post we'll be taking a look at some of the more affordable options for residential living in Northern Virginia.</h2>  <img title="Money" height="346" alt="Money" hspace="8" src="http://activerain.com/image_store/uploads/8/3/7/4/4/ar120606009844738.jpg" width="347" align="left" />Yesterday I posted <a href="http://activerain.com/blogsview/431452/Isn-t-that-Rich" rel="bookmark">Isn't that Rich?: Northern Virginia Counties Top List of Richest in U.S.</a> where I detailed that 6 Northern Virginia counties were selected by Forbes Magazine as the Richest Counties in the country ranked by median household income.  That post went on to highlight a selection of currently available homes priced at over $1 million in each of those counties.  Through a comment that I received on that post, I realized that I may have inadvertently created the impression that housing costs are out of reach for everyone but the most affluent in the metro-D.C. area.While it is true that Northern Virginia real estate is much more expensive than in many parts of the country, prices here lag far behind many other metro areas, including San Francisco, New York City, Boston, and Honolulu.  In some areas of Northern Virginia homes prices have held steady or gone down slightly, while in other areas, most notably Prince William County, home prices have dropped steeply in the past year, making homeownership more affordable for some Northern Virginia buyers.  <a href="http://activerain.com/blogsview/424635/Roller-Coaster-of-Real" target="_blank">See a chart detailing increases or decreases by location.</a>  So, what's a regular guy (or gal) to do?  <img title="Regular Guy" height="294" alt="Regular Guy" hspace="8" src="http://activerain.com/image_store/uploads/4/3/5/8/2/ar120606065028534.jpg" width="198" align="right" /> First of all, we need to define "Regular Guy."  Let's go with median household income.  For the counties examined, the median incomes ranged from about $80,000 to $100,000.  Thus, a "Regular Guy" in Northern Virginia makes a lot more money than the median or "regular U.S. guy" who had a median household income of about $48,000 in 2006.  Bottom line -- jobs pay well in Northern Virginia. There are lots of variables in considering how much of a monthly payment and how much mortgage a Northern Virginia "Regular Guy" will qualify for.  These factors include credit scores, other debt, investments, cash on hand, etc.  We won't go into all those details here, but suffice it to say that the "Regular Guy" with a median household income should be able to afford a home between about $265,000 and $425,000 depending on these factors. Good Buys for the Regular GuysHere's information on median household income, median home prices (February 2008 data), and some samples of available homes that the "Regular Guy" can buy.    FAIRFAX COUNTY:                   Median Household Income: $100,318                   Median Home Price: $405,000<a href="http://www.homesdatabase.com/brianblock/fx6537629" target="_blank">SPRINGFIELD 3 BEDROOM TOWNHOUSE  </a>     <a href="http://www.homesdatabase.com/brianblock/fx6646948" target="_blank">BURKE 3 BEDROOM SPLIT LEVEL SINGLE FAMILY HOME</a>      <a href="http://www.homesdatabase.com/brianblock/fx6512318" target="_blank">MONTEBELLO CONDOS 2 BEDROOM 2 BATHROOM</a><a href="http://www.homesdatabase.com/brianblock/fx6693151" target="_blank">RESTON TOWNHOUSE ON GOLF COURSE</a> LOUDOUN COUNTY:                  Median Household Income:  $99,371                    Median Home Price: $374,950<a href="http://www.homesdatabase.com/brianblock/lo6670660" target="_blank">3 BEDROOM ASHBURN TOWNHOUSE</a>          <a href="http://www.homesdatabase.com/brianblock/lo6608351" target="_blank">LEESBURG SINGLE FAMILY 3 BEDROOMS 3 BATHROOMS</a><a href="http://www.homesdatabase.com/brianblock/lo6606038" target="_blank">STERLING SINGLE FAMILY HOME 4 BEDROOMS  2.5 BATHROOMS</a> ARLINGTON COUNTY:               Median Household Income:  $87,350                     Median Home Price: $425,000<a href="http://www.homesdatabase.com/brianblock/ar6692278" target="_blank">1 BEDROOM CLARENDON CONDO </a>          <a href="http://www.homesdatabase.com/brianblock/ar6627281" target="_blank">1 BEDROOM LUXURY ODYSSEY CONDO</a><a href="http://www.homesdatabase.com/brianblock/ar6676517" target="_blank">FAIRLINGTON MEWS TOWNHOUSE</a>  STAFFORD COUNTY:                 Median Household Income: $85,014                    Median Home Price: $309,000<a href="http://www.homesdatabase.com/brianblock/st6643426" target="_blank">FREDERICKSBURG 4 BEDROOMS 3 BATHROOMS SINGLE FAMILY HOME </a><a href="http://www.homesdatabase.com/brianblock/st6672955" target="_blank">FREDERICKSBURG 5 BEDROOM 3 BATHROOM ALL BRICK HOME </a><a href="http://www.homesdatabase.com/brianblock/st6587805" target="_blank">STAFFORD HOME 5 MILES TO QUANTICO MARINES CORPS BASE </a> PRINCE WILLIAM COUNTY:    Median Household Income: $80,738                Median Home Price: $275,000<a href="http://www.homesdatabase.com/brianblock/pw6666970" target="_blank">GAINESVILLE 4 BEDROOM TOWNHOUSE</a>       <a href="http://www.homesdatabase.com/brianblock/pw6331050" target="_blank">DALE CITY 3 BEDROOM CAPE COD</a><a href="http://www.homesdatabase.com/brianblock/pw6569049" target="_blank">LAKE RIDGE 3 BEDROOM TOWNHOUSE</a>          <a href="http://www.homesdatabase.com/brianblock/pw6666129" target="_blank">MANASSAS PENTHOUSE CONDO </a> CITY OF ALEXANDRIA:           Median Household Income: $80,449                    Median Home Price: $414,000<a href="http://www.homesdatabase.com/brianblock/ax6683951" target="_blank">DEL RAY TOWNHOUSE</a>          <a href="http://www.homesdatabase.com/brianblock/ax6664249" target="_blank">STONEGATE 2 BEDROOM CONDO</a>       <a href="http://www.homesdatabase.com/brianblock/ax6507382" target="_blank"></a><a href="http://www.homesdatabase.com/brianblock/ax6507382" target="_blank">NORTHAMPTON PLACE 2 BEDROOM CONDO</a>  So, you see there are plenty of available single family homes, townhouses, and condos out there throughout Northern Virginia for first time buyers, regular guys, and people who missed the AOL stock option bonanza. <img title="I'm a regular guy but a great Real Estate Broker" height="217" alt="I'm a regular guy but a great Real Estate Broker" hspace="8" src="http://activerain.com/image_store/uploads/3/6/8/1/2/ar120606082621863.JPG" width="161" align="left" />I'm a regular guy just like you. However, I'm not just a regular agent.  I'm an experienced, educated, and award winning Real Estate Broker with <a href="http://www.brianblock.com/" target="_blank">RE/MAX Allegiance</a>. Let me help you find the home that's right for you in any price range, regular or extraordinary.<a href="http://www.searchhomesbyemail.com/" target="_blank">CLICK HERE TO RECEIVE INFORMATION ABOUT AVAILABLE HOMES</a>  10 application/xml false affordable homes in northern virginia alexandria homes for sale arlington real estate brian block clarendon condos dale city homes fairfax county real estate fairlington mews homes for sale in burke homes for sale in prince william county lake ridge townhouse leesburg real estate loudoun county real estate manassas condos median income d.c. median income northern virginia metro d.c. real estate montebello condos northern virginia counties northern virginia good buy northern virginia real estate northern virginia real estate blog northern virginia real estate broker northern virginia real estate market odyssey condo re/max allegiance springfield homes stafford county homes for sale townhouse in reston townhouses in ashburn virginia real estate Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 1.1.4322; .NET CLR 2.0.50727; IEMB3; IEMB3) 127.0.0.1 127.0.0.1 bblock 69.143.42.238 false true false false true 205801 false false true false false false true 160154 blog blogsite/BrianBlock/web