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

Subarea	Median House Price (2000)	House Price Trend	Median Housing Price (2016)	Periodic Housing Price Change	2016 - 2000 Change
Bethesda - Chevy Chase	343,300		812,163		468,862
Silver Spring	177,750		530,683		352,933
International Corridor	161,029		321,263		160,234
University of Maryland	171,938		366,502		194,563
Riverdale - New Carrolton	116,142		225,560		109,418
Purple Line Corridor	185,459		451,234		257,203

Key Indicators Over Time