Arlington Comprehensive Plan Update Adopted 3-17-2015 | Page 152

HOUSING Most single family housing in the City is, on average, 30 years old and 1,900 square feet in size. Total sales and inventory time have decreased between 2008 and 2012. The decrease in inventory time, however, indicates a tightening market. Multi-family housing in the City is, on average, 40 years old with individual units renting for $814 (2010) dollars per month. HOUSING AGE........................................................................ HOUSING GROWTH BY TYPE............................................ The majority of the City’s single family and multi-family housing stock was built between 1970 and 1990. Single family housing unit totals have increased over the last five years while multi-family unit totals decreased by just over ten percent. 2010-2012 <1960 1990-2000 2000-2010 2000-2010 <1960 120,000 1960-1970 100,000 1960-1970 80,000 Single Family 40,000 1970-1980 Single Family Housing Units 60,000 1980-1990 1990-2000 100,581 93,782 Multi-Family 1970-1980 Multi-Family Housing Units 50,037 44,547 20,000 - 1980-1990 2008 2009 2010 2011 2012 Q2 2013 Multi-family totals include duplexes, triplexes, quadplexes, and apartments. RENT AS PERCENT OF INCOME............................................ OWNERSHIP COSTS AS PERCENT OF INCOME............... Greater than 40% of City residents spend more than 35% of their household income on rent. The bulk of City residents in owner-occupied housing* spend less than 20% of their income on housing costs. 100% 90% 80% 70% 60% 50% 40% 30% 146 20% 10% 0% <15.0% 15.0% to 19.9% 20.0% to 24.9% 25.0% to 29.9% 30.0% to 34.9% >35.0% 100% 90% 80% 70% 60% 50% 40% 3 P