Home » Submarket 1: Higher-Priced Urban Neighborhoods

Submarket 1: Higher-Priced Urban Neighborhoods

Core neighborhoods with mostly higher-priced homes and higher than average rents, consisting of a mix of mostly older single family homes and both older and newer multifamily housing.

Low proportion of residents in poverty (along with 5 & 6)
Mix of owners and renters
Mix of SF and MF housing units
Lowest proportion of households with no vehicle within urban submarkets

Median Home Sale Price (2025)

$500,000
+45.99% since 2018

Home Sale Price Per Sq. Ft (2025)

$307.60 per sq. ft.
+48.18% since 2018

Median Building Area

1,643 sq. ft.

Median Year Built

1971

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

Submarket 1: Higher-Priced Urban Neighborhoods

Core neighborhoods with mostly higher-priced homes and higher than average rents, consisting of a mix of mostly older single family homes and both older and newer multifamily housing.

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

Identify targeted areas appropriate for higher density (not a top action step for this submarket)

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

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 (not a top action step for this submarket)

Lead and partner for affordable and equitable housing

Support local leaders through regional programs

Preserve Affordable Supply

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

Connect property owners with resources

Create preservation programs and partnerships (not a top action step for this submarket)

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

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

Reduce evictions and homelessness

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)