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City research shows multifamily stock aging, rents up 35.7% since 2012; rental burden rising
Summary
Arlington planners presented an updated multifamily profile showing an aging apartment stock (average age ~43 years), a 35.7% rise in median monthly rent to about $1,200, and a growing share of renters facing cost burden (57.8% in 2023).
Sarah Stubblefield, manager of strategic initiatives in Arlington’s research and analytics division, presented an updated multifamily housing profile and told the council the city’s multifamily housing is older on average and that rents have risen substantially since the last profile.
The nut graph: the profile pairs with a prior single‑family analysis and is meant to inform policy and code decisions; it shows median rent and income trends, geographic patterns of rent burdens and a limited supply of large multifamily parcels for future redevelopment.
Findings
- Age and stock: Stubblefield said the average multifamily property in Arlington was built around 1981 (roughly 43 years old) and that about 76% of multifamily properties…
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