Innovation: Housing & Real Estate
Housing in Innovation centers on a median value of $-666,666,666, with median rent $1,757 (1.2× below Prince William County median $2,067; 1.1× higher than Virginia median $1,579). Market is warm. Vacancy rate 6.0%. New construction makes up 66.8% of stock. A municipal building code is in effect.
- -20870.5× annual income — home value vs. household income (vs Virginia 4.1×).
- -31619.6 years to break even renting at the median (vs Virginia 19y).
- 4-BR rent is 1.7× a studio — rent gradient by unit size.
- Median rent 21% below HUD 2-BR FMR — local market vs federal subsidy benchmark.
Home Values & Rent
Median home value $-666,666,666 — -1742.9× the Virginia median ($382,500). Median rent $1,757/month.
| Affordability · Rent Pct Income | 66.8% |
|---|---|
| Affordability · Rent Affordability | severely cost-burdened |
| Affordability · Pct Severely Rent Burdened | 83.3% |
| Affordability · Poverty Rate | 11.9% |
| Fair Market Rent · Studio rent | $1,953 (vs Virginia $1,492) |
| Fair Market Rent · One-bedroom rent | $2,015 (vs Virginia $1,512) |
| Fair Market Rent · Two-bedroom rent | $2,246 (vs Virginia $1,713) |
| Fair Market Rent · Three-bedroom rent | $2,835 (vs Virginia $2,376) |
| Fair Market Rent · Four-bedroom rent | $3,332 (vs Virginia $2,797) |
| Fair Market Rent · HUD FMR area | Washington-Arlington-Alexandria, DC-VA-MD HUD Metro FMR Area |
| Fair Market Rent · Fiscal year | FY2026 |
| Median Home Value | $-666,666,666 (vs Virginia $382,500) |
| Median Rent | $1,757 (vs Virginia $1,714) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 6.0% |
| Housing Market · New construction (% of stock) | 66.8% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (5)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Virginia median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Virginia median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Virginia median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 10.0% (vs Virginia 49.4%) |
| Broadband · Broadband-capable premises | 578 |
| Electricity · Electricity rate (¢/kWh) | 14.41¢/kWh |
| Electricity · Customers | 3654481 |
| Electricity · Revenue Millions | $6,524 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Virginia median) |
| Mobile Broadband · 5G mobile coverage | 1.000000000 (at Virginia median) |
| Mobile Home Parks Detail · County total | 2 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Median Year Built | 2013 |
|---|
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12