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:
  • Develop and publish corridor-wide strategic housing plan
  • Land acquisition for residential development
  • Encourage Private and philanthropic investment
  • 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
Subarea Median House Price (2000) House Price Trend Median Housing Price (2016) Median Housing Price (2017) Periodic Housing Price Change 2017 - 2000 Change
Bethesda - Chevy Chase 343,300 812,163 828,656 485,356
Silver Spring 177,750 530,683 538,394 360,644
International Corridor 161,029 321,263 332,427 171,398
University of Maryland 171,938 366,502 378,800 206,862
Riverdale - New Carrolton 116,142 225,560 226,676 110,534
Purple Line Corridor 185,459 451,234 2,304,954 1,334,795

Subsidized Housing