12/09/2024 | News release | Archived content
The Loudoun County Board of Supervisors approved a set of guidelines during its December 3, 2024, meeting that is intended to help the county plan for future growth and associated needs. The guidelines, recommended by the county's Fiscal Impact Committee (FIC), include updated long-range forecasts for residential and nonresidential development, population, households and employment, which are considered by the Board of Supervisors and the county's planners on a regular basis.
Residential Development Forecasts
As of 2024, residential development in Loudoun County, which includes both owned and rental units, is estimated to have 150,656 housing units, reflecting a 6.0% increase, or 8,582 additional units, since 2020. The guidelines project an additional 35,952 residential units, 23.9%, will be built by 2050.
Nonresidential Development Forecasts
Nonresidential development in Loudoun County includes commercial, nonprofit and government buildings. Through 2050, nonresidential space is forecasted to add 45.9 million square feet to the county's estimated 135.4 million square feet currently in place, a projected increase of 33.9%.
Resulting Demographic Forecasts
Comparing forecasts for 2025 to those for 2050, population is expected to grow by 88,732 people, or 20%. Comparatively, the population growth between 2010 and 2020 was nearly 109,000 people, or 35%. Households and housing units are each expected to grow by approximately 22%, while employment is forecasted to increase by 25%, adding 56,144 jobs.
The FIC, an advisory group established in 1992 to support the Board in long-term planning, based the recommendations on county staff analysis of anticipated future growth. The FIC reviews assumptions about future growth and capital facility needs to provide recommendations for use in long-range planning. Specifically:
More Information
Detailed information about the Fiscal Impact Committee forecasts, including the complete guidelines, maybe found in the documents prepared for the December 3, 2024, Board of Supervisors meeting:
More information about the Fiscal Impact Committee, including a link to the updated guidelines, may be found at loudoun.gov/FiscalImpactCommittee.
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