Article 5 in a series on the Arlington, MA Master Planning process. Prepared by Barbara Thornton
Residential Uses May Push Out Commercial Uses
The Master Plan will have a distinct section focusing on housing and in Arlington there will be much to decide. Housing prices in Arlington are among the fastest rising in the region. According to a recent article in the Boston GLOBE (10-14-14) Arlington median home prices have jumped 15% in the last eight months, to $625,000. Condo costs per square foot are higher in Arlington than in neighboring Lexington and Winchester. The average condo in Arlington jumped 22% to $433,750. This is great news for people who already own a home. But this trend suggests that, without planning for a variety of housing at various prices, the town will lose its economic diversity. Children born here may not be able to afford to live here as adults. The creative community of artists and writers now giving the Town identity may be priced out. Maintaining the economic diversity of its citizens is only one of several housing questions Town residents will consider as the HOUSING section of the Master Plan is developed.