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City of Arden Hills – 20430 Comprehensive Plan <br /> <br /> <br />Approved: September 28, 201809 Amended: December 12, 2016 <br />7-15 <br /> <br />TABLE 7.6 5 - RENTAL HOUSING AFFORDABLE PRICES <br />Bedroom size: *Monthly gross rent including tenant-paid utilities, <br />affordable at 50% of area median income <br />Efficiency $687 <br />1 bedroom $736 <br />2 bedrooms $883 <br />3 bedrooms $1,020 <br />4 bedrooms $1,138 <br />2007 RENTAL HOUSING <br />Source: Metropolitan Council <br /> <br />Number of Bedrooms Affordable Rent at 30% of <br />AMI <br />Affordable Rent at 50% of <br />AMI <br />Affordable Rent at 80% of <br />AMI <br />Studio $450 $751 $1,201 <br />1-BR $483 $805 $1,288 <br />2-BR $579 $966 $1,545 <br />3-BR $669 $1,115 $1,784 <br />4-BR $747 $1,245 $1,992 <br /> <br />The mean assessed value of housing in Arden Hills in 2007 was $291,778 with a <br />median of $272,100 (Figure 7.7). The average housing value in 2015 was <br />$281,300. Based on 201507 assessed property values from Ramsey County, <br />34.325 percent of the housing was at or below the affordable home price of <br />$206,800238,500 and approximately 12.53 percent was at or below $1502,5000. <br />The following table illustrates the assessed values of owner-occupied housing <br />units in Arden Hills. Values are differentiated above and below the 80% Area <br />Median Income of $240,000. <br /> <br />Dr <br />a <br />f <br />t <br /> <br />11 <br />/ <br />0 <br />1 <br />/ <br />2 <br />0 <br />1 <br />7