Purple Line Corridor

Housing Trends in the Purple Line Corridor

~Ensuring Housing Choices for All~

Goal: Balanced housing options for people of all income levels in communities throughout the corridor.
Strategies:

Build and maintain a thriving and balanced housing market serving a mix of incomes and offering a range of housing types

Develop and publish corridor-wide strategic housing plan
Land acquisition for residential development
Encourage Private and philanthropic investment

Mitigate market disruptions with adverse impacts on existing residents

Maintain housing affordability and improve existing housing along the corridor
Promote quality housing that is affordable to the existing community while affirmatively addressing the impact on residential displacement
Create a housing trust fund. Adopt innovative financial strategies

Foster home ownership opportunities throughout the corridor

Largest Change in Housing Units

University of Maryland

7,385

Largest Change in Rent

Silver Spring

$493.55

Largest Change in Ownership Rate

University of Maryland

8.5%

Subarea	Median House Price (2000)	Median Housing Price (2014)	2014 - 2000 Change
Bethesda - Chevy Chase	343,300	742,941	399,641
Silver Spring	177,750	363,924	186,174
International Corridor	161,029	239,038	78,009
University of Maryland	171,938	276,933	104,995
Riverdale - New Carrolton	116,142	210,010	93,868
Total House Price Change	185,459	352,682	167,222

Denotations: D1 - Year 2000, D2 - Year 2006 to 2010, D3 - Year 2009 to 2013, D4 - Year 2010 to 2014. If you hover over the sparkline for Ownership trend, you can see the value in each division. Ownership Change column depicts change in population per division.