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Submarket 4: Below-Median Priced Urban Neighborhoods

Lowest-priced urban neighborhoods with mostly older single-family and multifamily units, housing both renters and a rapidly declining number of owners.

High proportion of residents in poverty (along with 3)
Highest proportion of renters
Mix of SF and MF housing units
Highest proportion of households with no vehicle
Mix of lower and higher cost-burdened owner households

Median Home Sale Price (2025)

$315,000
+46.51% since 2018

Home Sale Price Per Sq. Ft (2025)

$192.20 per sq. ft.
+55.22% since 2018

Median Building Area

1,692 sq. ft.

Median Year Built

1975

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

Submarket 4: Below-Median Priced Urban Neighborhoods

Lowest-priced urban neighborhoods with mostly older single-family and multifamily units, housing both renters and a rapidly declining number of 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

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

Mandate and incentivize affordable housing through inclusionary zoning (not a top action step for this submarket)

Support smaller homes and ownership opportunities

Expand Capital Resources

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

Establish local housing funding resources and programs (not a top action step for this submarket)

Identify regional funding mechanisms

Develop Leadership & Collaboration on Affordability

Form committees and work groups for housing

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 (not a top action step for this submarket)

Preserve Affordable Supply

Address blight

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

Create preservation programs and partnerships

Inventory affordable housing stock (not a top action step for this submarket)

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

Promote Housing Stability

Connect to resources and establish partnerships (not a top action step for this submarket)

Establish housing stability policies and programs

Identify and educate on housing instability

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

Reduce Housing & Transportation Costs

Incentivize or mandate affordability near transit and jobs (not a top action step for this submarket)

Increase walkability

Reduce costs of housing near transit and amenities