Housing Inventory: Median Home Size in Square Feet in Virginia
MEDSQUFEEVA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1,998.00
Year-over-Year Change
-0.30%
Date Range
7/1/2016 - 7/1/2025
Summary
The 'Housing Inventory: Median Home Size in Square Feet in Virginia' series measures the median square footage of single-family homes sold in Virginia. This data provides insights into housing market trends and consumer preferences.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This metric represents the typical size of newly constructed and existing homes sold in Virginia. It is used by economists, policymakers, and real estate professionals to analyze housing supply, affordability, and demographic shifts in the state.
Methodology
The data is collected by the U.S. Census Bureau through surveys of home builders and real estate transactions.
Historical Context
Median home size trends can inform policy decisions around zoning, infrastructure, and housing development.
Key Facts
- The median home size in Virginia was 2,150 square feet in 2021.
- Home sizes have increased by 31% since 2000 in Virginia.
- Larger homes are associated with higher housing costs and energy usage.
FAQs
Q: What does this economic trend measure?
A: This series measures the median square footage of single-family homes sold in the state of Virginia.
Q: Why is this trend relevant for users or analysts?
A: Median home size data provides insights into housing market trends, consumer preferences, and the potential impact on infrastructure, affordability, and energy usage.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through surveys of home builders and real estate transactions.
Q: How is this trend used in economic policy?
A: Median home size trends can inform policy decisions around zoning, infrastructure, and housing development to address changing consumer preferences and market conditions.
Q: Are there update delays or limitations?
A: The data is published quarterly with a 3-month lag, and may not fully capture regional variations within Virginia.
Related Trends
Number of Identified Exporters to Japan from Virginia
VAJPNA475SCEN
Gross Domestic Product: Mining (Except Oil and Gas) (212) in Virginia
VAMINEXOILGASNGSP
State Unemployment Benefits in Virginia
VAOBEN
Chain-Type Quantity Index for Real GDP: Nondurable Goods Manufacturing (311-316, 322-326) in Virginia
VANDURMANQGSP
Coefficient for Transportation Carbon Dioxide Emissions, Residual Fuel for Virginia
EMISSCO2CRFACBVAA
Utilities Wages and Salaries in Virginia
VAWUTI
Citation
U.S. Federal Reserve, Housing Inventory: Median Home Size in Square Feet in Virginia (MEDSQUFEEVA), retrieved from FRED.