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Submarket 5: Higher-Priced Suburban Employment Corridors & Town Centers

Moderate-to-higher-priced suburban neighborhoods near employment centers with a mix of single family and multifamily units housing both renters and owners.

Low proportion of residents in poverty (along with 1 & 6)
Mostly owners, albeit with a higher proportion of renters than 6
Mix of SF and MF housing units
Low proportion of cost-burdened owners (along with 6)

Median Home Sale Price (2025)

$470,000
+58.25% since 2018

Home Sale Price Per Sq. Ft (2025)

$228.77 per sq. ft.
+68.37% since 2018

Median Building Area

2,084 sq. ft.

Median Year Built

1997

Data source: ARC analysis of ATTOM Data Solutions’ home sale transactions, 2020-2025. Explore this data further in the Data Explorer

Submarket 5: Higher-Priced Suburban Employment Corridors & Town Centers

Moderate-to-higher-priced suburban neighborhoods near employment centers with a mix of single family and multifamily units housing both renters and owners.

Top Housing Actions and Action Steps for this Submarket

Increase Supply

Expand Capital Resources

Develop Leadership & Collaboration on Affordability

Preserve Affordable Supply

Promote Housing Stability

Reduce Housing & Transportation Costs

Top Housing Actions and Action Steps for this Submarket

Increase Supply

Allow and incentivize innovative housing types

Establish new or partner with existing housing entities (not a top action step for this submarket)

Identify targeted areas appropriate for higher density

Mandate and incentivize affordable housing through inclusionary zoning

Support smaller homes and ownership opportunities (not a top action step for this submarket)

Expand Capital Resources

Collaborate on new programs and partnerships (not a top action step for this submarket)

Establish local housing funding resources and programs

Identify regional funding mechanisms (not a top action step for this submarket)

Develop Leadership & Collaboration on Affordability

Form committees and work groups for housing (not a top action step for this submarket)

Identify housing needs through planning

Lead and partner for affordable and equitable housing (not a top action step for this submarket)

Support local leaders through regional programs

Preserve Affordable Supply

Address blight (not a top action step for this submarket)

Connect property owners with resources (not a top action step for this submarket)

Create preservation programs and partnerships

Inventory affordable housing stock

Leverage funding resources for preservation (not a top action step for this submarket)

Promote Housing Stability

Connect to resources and establish partnerships

Establish housing stability policies and programs (not a top action step for this submarket)

Identify and educate on housing instability (not a top action step for this submarket)

Reduce evictions and homelessness (not a top action step for this submarket)

Reduce Housing & Transportation Costs

Incentivize or mandate affordability near transit and jobs

Increase walkability

Reduce costs of housing near transit and amenities (not a top action step for this submarket)