The median price of a single-family home in Virginia rose almost 40% between 2019 and 2024, pushing home ownership out of reach for many working-class families.
This year, Virginia legislators have introduced various measures to make home buying more attainable, both by helping buyers and incentivizing more home building. Progress has been slow.
This year, Virginia legislators have introduced various measures to make home buying more attainable, both by helping buyers and incentivizing more home building.
Progress has been slow.
Virginia has an estimated housing shortage of about 105,000 homes, according to a 2022 study by Up for Growth, a housing advocacy group. The scarcity of housing has driven up home prices and rents to record levels in recent years, according to Pew researchers.