Will Arlington Set A Housing Goal?

After a week of good coverage on the need for more housing units in the greater Boston region, on August 2, 2019 the GLOBE carried the following editorial, mentioning the situation in Arlington.

Good news? On housing? In Massachusetts?

Yes, that’s right. Even here in the land of the $600,000 starter home, a few forward-thinking cities and towns are starting to make progress on what sometimes seems like an intractable problem: the inadequate production of new housing that has sent the cost of renting or buying in Greater Boston into the stratosphere.

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The Cost of Housing in Arlington

(This post originally appeared as a one-page handout, distributed at The State of Zoning for Multi-Family Housing in Greater Boston.)

Source: Arlington, MA 2018 Annual Report

This chart shows the assessed value of Arlington’s low density housing from 2015–2019 (assessed values generally reflect market values from two years prior). During this time, home values increased between 39% (single-family homes) and 48% (two-family homes). Most of the change comes from the increasing cost of land. As a point of comparison, the US experienced 7.7% inflation during the same period. (1)

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Housing Choices Shape Affordability and Vitality of Town Future

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.

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