Champion Great Neighborhoods August 2020

Arlington Earns Top 10 Spot as SmartAsset 2020 “Best Cities to Buy an Affordable Home” List In its study, SmartAsset looked at the 100 largest cities across seven variables to identify the best cities to buy an affordable family home. Those variables include the percentage of homes with at least two bedrooms, the five-year change in homeownership rate, two affordability metrics, and three livability statistics. SmartAsset ranked Arlington the second best in its top 10 and 15th best overall for its down payment-to-income ratio. That means a 20% down payment on the median home price in Arlington makes up only 60% of the median household income. The American Dream City also ranked in the top 15 for housing costs as a percentage of income (21.93%) and high school graduation rate (90.50%). CHAMPION GREAT NEIGHBORHOODS Q4 UPDATE · FY 2020 • Arlington Earns Top 10 Spot on SmartAsset 2020 “Best Cities to Buy an Affordable Home” List • Interim Chief Ayala Hosts Virtual Town Halls | Fire Department Continues to Assist at COVID-19 Testing Site | Water Utilities Expands Care and Share Program • Army Veteran Becomes First Time Buyer Through Housing Channel and Arlington’s Homebuyers’ Assistance Program • Arlington Neighborhoods By The Numbers • Special Insert: Capital & Programmatic Investment in Central and East Arlington 2010-2020 WWW.ARLINGTONTX.GOV | Connect with us! @CITYOFARLINGTON