Great Diversity, high income, education & home ownership
Annandale is situated on 11,900 acres which constitutes 5% of Fairfax County. The population of the Annandale Planning District is reported to be 76,029 with 26,119 housing units, covering 18.67 square miles. Median value of single family homes is $667,500.
The population density is 5,670 per sq. mile which is considerably higher than the national or Virginia average. Population within the zip code (one mile of town center) is 74,135. The population grows to over 100,000 within a 3 mile radius (generally considered the shopping-service radius) and swells to over 340,000 within a five mile radius.
The median age in Annandale is 39 with the Virginia average being 38. Average income is $123,999.
Estimated population growth in Annandale by 2040 is 81,168 (1 mile radius of town center). That will be entirely dependent on some density building taking place (most likely leaseable mid to high rise structures) within the shopping district. To date, there are no plans submitted for such a development.
Industrial and Commercial Gross Floor
Industrial: 3,593,668 sq.’
Office: 3,441,783 sq.’
Retail: 2,166,728 sq.’
Household Size and Vacancy Rate
Overall Ave. Household Size : 3.15%
Overall Vacancy Rate: 3.40%
Homeownership Rate 67.10%
2020 (1 mile of town center) 76,209
African American 7.57%
Native American 0.27%
Asian American ** 19.84%
Hispanic of any Race 27.43%
** Includes Asian Indian, Chinese, Filipino, Japanese, Korean, Thai, Cambodian, Malaysian, and Vietnamese. The Korean and Vietnamese residential populations are approximately the same at slightly less than 8% each. The demographics above also represent those of two or more races listing them under the demographic with which they identify.
Completed Some college 72.80%
Associate’s degree 54.30%
Bachelor’s degree 49.20%
Graduate degree 21.30%
On a scale of 10, ten being the most educated, Annandale is rated 9.
FOR CURRENT AND PROSPECTIVE RETAILERS CONSIDERING ANNANDALE, PLEASE NOTE THESE DEMOGRAPHICS. Annandale enjoys great cultural diversity and all are welcome and treasured for adding to the depth of culture, food and traditions. However, an accurate portrayal of the business community is important, especially when all too often misrepresented. Only 23% of the business community in Annandale is Korean or Korean/American while less than 8% of the residential population is Korean or Korean American.
Demographics are significant for prospective new retailers to understand. Because of excessive signage, often in violation of county code, and wide-spread efforts to falsely portray Annandale as a Korean majority community, visitors can be confused. These are the correct demographics and should be used in forward planning.
Ave. Income (Annandale) $123,999
Ave. Income (Fairfax County) $118,279
Ave. Income 4 (Virginia) $ 71,535
Percent under 5 years 6.00%
Percent under 18 18 22.%
Percent 21 and over 73.90%
Percent 65 and over 15.00%
Cost of Living: The average monthly owner cost of housing with a mortgage is $1,881 and the average rental housing is $1,542.00. Total consumer expenditures per household are $109,155.55 annually. Besides housing cost (mortgage or rent), utilities, food, medical insurance, retirement savings and transportation expenses, the largest areas of expenditure are in dining out, apparel, education, entertainment/recreation, home improvements, and household services, followed by travel expenses.
Photographs & images, on this page, and on this website, are not available for use by other publications, blogs, individuals, websites, or social media sites. For this and other stories on Annandale and Annandale Real Estate see the ENDEAVOR News Magazine.
(Copyright © 2011 Annandale Chamber of Commerce. All rights reserved.)