FAAR Research Reports
FAAR Releases 2017 Regional Housing Studies
In mid-2016, FAAR members and leadership returned from a conference energized about what great work other associations throughout the country had accomplished with a National Association of Realtors® (NAR) Smart Growth grant. This grant is available to help local associations partner with local governments and other stakeholders to plan for the population of tomorrow.
FAAR engaged with the local Chamber of Commerce, Fredericksburg Regional Alliance, local governments, and other stakeholders to scope out a regional study. FAAR applied for and received nearly $20,000 in grants from the NAR Smart Growth program and the Virginia Realtors® Issue Mobilization Fund to conduct the study. The studies provide a baseline housing assessment of each locality in our service territory to include the City of Fredericksburg, and the counties of Caroline, King George, Spotsylvania, and Stafford. The studies also include projections for how much housing will be needed in each jurisdiction over the next 15 years.
The studies include metrics on population, household demographics, income levels, housing type, age of housing, and commuting patterns. Click on the images below to read the individual housing studies or peruse the presentation of housing highlights at the right.
FAAR Commissions Multi-Unit Housing Study
With funds provided through a Virginia Realtors® Issues Mobilization grant, FAAR contracted with the University of Mary Washington Center for Business Research to conduct the 2017 FAAR Multi-Unit Housing Study.
The researchers at UMW created a survey to send to area apartment complexes about their rental rates, units sizes, condition of buildings, and vacancy rates. The study provides a baseline for elected officials and other housing stakeholders when discussing rental housing needs throughout our region.