Arlington Comprehensive Plan Update Adopted 3-17-2015 | Page 56

The value of owner-occupied housing units is an important determinant of housing accessibility and affordability. Housing values have fluctuated significantly in many housing markets during the past decade due initially to the 2004-2006 housing bubble and then followed by the subsequent collapse and economic recession. According to 2008-2012 5-Year American Community Survey estimates, the median value of an owner-occupied housing unit in Arlington is $131,500. The current value of owner-occupied units in the city represents a 36.4 percent increase since 2000. The location and quality of housing is fundamental to the health and well-being of Arlingtonā€˜s children, families, workforce, and elderly. Housing sites and structures must respond to the needs to all economic and demographic segments of the community. Housing designed for seniors should be encouraged 50