Quick facts: Woodbridge, VA

Quick Facts

106
Cost of Living
above US average
42,619
Population
44.58
Crime Rate per 1000
above US average
$93,347
Median Income
above US average
$529,990
Median House Price
above US average
$2524.33
Average Rent
above US average
5%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $93,347.

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Income Needed to Buy

βœ— Stretch
$166k/year
Based on $529,990 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $166k vs median $93,347
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Income Needed to Rent

⚠ Stretch
$108k/year
Based on $2524.33/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $108k vs median $93,347
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Woodbridge, VA

Woodbridge, Virginia, is a vibrant suburb located in Prince William County, just south of Washington, D.C. With a population of approximately 60,000, it offers a mix of residential communities, commercial areas, and beautiful parks. The town is characterized by its family-friendly atmosphere and diverse population. Woodbridge is bordered by the Potomac River and boasts several waterfront parks, including the Occoquan Regional Park, which provides outdoor recreational activities such as hiking, fishing, and picnicking. The area's historical significance is highlighted by the nearby historic town of Occoquan, known for its quaint shops and restaurants. Woodbridge features a range of shopping and dining options, with major retail centers like the Potomac Mills Mall, one of the largest outlet malls in Virginia. The town also offers easy access to major highways like I-95, making travel to Washington, D.C., and other surrounding areas convenient. Educational opportunities abound, with several highly-rated public schools and proximity to higher education institutions. Woodbridge's community engagement is strong, providing residents with numerous events and activities throughout the year, fostering a close-knit and welcoming environment.

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