head_left_image

A Cool Tool- Housing and Transportation Calculator

Thinking of buying a home in the Northern Virginia area?  Wonder what the cost of owning that home and commuting in the area might cost you per year?  Transportation and housing affordability are a big part of the buying process.  The Urban Land Institute has developed a calculator to help show how these costs vary among different locations.

One of the first decisions that Northern Virginia buyers look at is whether they should buy a home "inside or outside" the beltway.   Commuting is a big part of that decision.  The calculator gives you a chance to play with the numbers and compare costs at a number of locations.

"The Housing + Transportation Calculator was developed to help individuals, households, planners, and municipalities understand the true costs of housing and transportation, as well as how these costs can vary from place to place."

In order to see how the calculator worked I decided to enter neighborhood zip codes that included Alexandria, Burke, Falls Church, Woodbridge & Bristow.  The following chart shows the costs associated with each of the areas. 

City

Housing Costs

Transportation Costs

Total Costs

Alexandria

$16,632

$  8,757

$25,389

Falls Church

$24,516

$12,275

$36,791

Burke

$28,128

$17,086

$43,214

Woodbridge

$20,184

$13,669

$33,853

Bristow

$27,084

$18,229

$45,313

Of course as with any of the standard calculators you find on-line some of the data associated with the calculations are open to interpretation.   The Urban Land Institute has determined transit connectivity to mean connections to public transportation within a 10 minute walking distance.  Woodbridge transportation connectivity gets a rating of "none".  Yet if you live in Woodbridge you do have a variety of transportation options and depending on where you live those options could be within 10 minutes of your home, maybe not walking distance in all cases but certainly driving. 

This tool does provide you the options to make individual changes to some of the calculations and can be a bit of an eye opener when you look at some of the transportation costs for the further west you go in Northern Virginia.   The calculator is not restricted to Northern Virginia so anyone in the country can use it to see how their communities compare.

Map of city locations used in Northern Virginia calculations

Urban Land Institute Map

 

                                   Real People*Real Lives*Real Estate

If you are interested in learning more about the Northern Virginia Real Estate market including Alexandria, Arlington, Fairfax and Prince William Counties give Cindy Jones and Integrity Real Estate Group a call at 703-346-2213.

Military Relocation Specialist serving military families relocating to and from the Pentagon, Fort Belvoir, Quantico MCB and all of the Military District of Washington installations. 

Military Relocation Professional


Check out www.varealestatetalk.com and www.cjrealtygroup.com for more information.

Integrity Real Estate Group
 
Real People*Real Life*Real Estate

Licensed in the Commonwealth of Virginia



 

 

Comment balloon 14 commentsCindy Jones • June 24 2009 09:16AM

Comments

This is definitely useful information.  Thanks for sharing with your clients and the rest of us.

Have a great day

Make This Your Best Year Ever

Leander

Posted by Leander McClain, Cecil & Harford County Realtor about 10 years ago

Leander-thanks for stopping by and hope you checked out what the calculator had say about your area.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) about 10 years ago

Great information.  Think this is worthy of an update and re-blog.

Posted by Pat Fenn (Marketing Specialist for CJ Realty Group/Cindy Jones Broker ) over 8 years ago

Hey, Cindy — I left a surprise for you in my blog post this morning. What? You thought I was going to tell you exactly what and where? Ha! But this comment is a clue.

Happy Saturday!

Posted by Not a real person over 7 years ago

Hi Cindy, Very interesting.  When I was living in Atlanta (much larger than Wilmington) this would have been a great way for me to help Clients make decisions.  Transportation is expensive and often overlooked when considering overall costs.  

Posted by Beverly Femia, Broker Realtor Stager - Greater Wilmington, NC Are (BlueCoast Realty Corporation) over 7 years ago

Hi, Cindy - I came over here from Russel's Golden Oldies post this morning. I'll have to check out that link although I might not like what it tells me about San Diego housing and transportation! ♪♫♫♪

Posted by Jim Frimmer, Realtor & CDPE, Mission Valley specialist (HomeSmart Realty West) over 7 years ago

That sounds like a useful calculator to have.  I will go check it out too.  Russel sent me too.

Posted by Evelyn Johnston, The People You Know, Like and Trust! (Friends & Neighbors Real Estate) over 7 years ago

Thanks Pat.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 7 years ago

Russell-thanks for bringing this blog back to life and giving others a chance to check out the calculator.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 7 years ago

Beverly in our area it can make a difference.  Public transportation on a daily basis isn't cheap and many home buyers overlook it in their budgets.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 7 years ago

Jim-hope you and Russell have a terrific weekend. 

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 7 years ago

Evelyn-thanks for following the link to my blog from the Golden Olides post.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 7 years ago

Cindy - This is a first for me. Never heard of this. Thanks so much for sharing. I read this on Russel Ray's Golden Oldies Blog. Have a great week!

Posted by Carla Freund, Raleigh - Cary Triangle Real Estate 919-602-8489 (Keller Williams Preferred Realty) over 7 years ago

Carla-thanks for stopping by.  Glad you found this cool little tool useful.

Posted by Cindy Jones, Pentagon, Fort Belvoir & Quantico Real Estate News (Integrity Real Estate Group) over 7 years ago

This blog does not allow anonymous comments