- Mostly owners but with a quickly increasing number of renters
- More than a quarter of households are renters
- Largest increase in the proportion of non-white residents since 2010
- The home sale prices in this Submarket are not increasing as quickly compared to the region as a whole
Median Home Sale Price (2020)
$227,000
+78.70% since 2013
Home Sale Price Per Sq. Ft (2020)
$105.20 per sq. ft.
+82.20% since 2013
Median Building Area
2,132 sq. ft.
TOP STRATEGIES FOR Submarket 9
Increase Supply
Preserve Affordable Supply
Reduce Housing & Transportation Costs
Expand Capital Resources
Promote Housing Stability
Develop Leadership & Collaboration on Affordability
Increase Supply –
Reduce Development Cost and Barriers
Address zoning and land use code that shapes development to provide housing options, including land use options, building sizes, building materials, building forms, parking, and more.
- Implement zoning to allow for increases in residential density by reducing setbacks, minimum square footage requirements and allowable housing types. Resources:
- Audit zoning code to get rid of excessive or obsolete standards and codes. Resources:
Increase Supply –
Leverage Public Land
Diversify the ways that publicly-owned land is used and managed to provide housing affordability options.
- Donate land or participate in joint development of identified residential development sites to increase affordable housing. Resources:
- Develop innovative approaches to address failed partially-developed, abandoned and subdivided tracts, including preparing development sites through site clearance, assemblage and sub-division, or subsidizing infrastructure development. Resources:
Promote Housing Stability –
Stabilize Existing Residents
Implement supportive educational programs and financial policies for residents to stabilize their current housing.
- Provide low interest loans or grants to existing homeowners to rehabilitate their property. Resources:
- Apply and use the Community HOME Investment Program (CHIP) to provide granting funds to city and county governments, public housing authorities, and nonprofits to rehabilitate owner-occupied homes and build and renovate affordable single-family homes for sale to eligible homebuyers. Resources:
Promote Housing Stability –
Promote Home Buying
Providing cost-effective policies and financial assistance to promote home buying in the region will not only help to create wealthier and more stabilized communities, but combined with programs to encourage self-sufficiency, these programs can bring about a more dynamic and productive economy for the region.
- Provide down payment assistance for first-time affordable home buyers. Resources:
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- Develop a Family-Self Sufficiency Program – Would include comprehensive wealth-building programs for low- and moderate-income residents and businesses in predominantly-minority neighborhoods, including: basics of homeownership, creating a realistic budget prior to purchase, property taxes, foreclosure prevention, funding options for first-time buyers, financial education and literacy workshops/coaching, local job training programs, etc. Resources:
Develop Leadership & Collaboration on Affordability –
Build Internal Resources to Address Housing
Expand internal capacity to address housing needs.
- Encourage Elected and appointed officials to participate in community development trainings. Resources:
Develop Leadership & Collaboration on Affordability –
Promote Creative Collaboration
Collaborate across various industries, sectors, and organizations to create multi-disciplinary approach to provide housing options.
- Create and facilitate a local housing task force to understand jurisdictional issues and opportunities. Resources:
- Coordinate with school boards, superintendents and principals to provide services and resources to families. Resources:
