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City of Arden Hills – 2040 Comprehensive Plan <br /> <br /> <br />Approved:, 2018 <br />7-10 <br />Table 7.5 - Rental Housing Affordable Prices <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 average housing value in 2015 was $281,300. Based on 2015 assessed <br />property values from Ramsey County (Figure 7.7) 34.3 percent of the housing <br />was at or below the affordable home price of $238,500 and approximately 12.5 <br />percent was at or below $150,500. <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 />Table 7.6 – Owner Occupied Housing in Arden Hills by Affordability Bands <br />Housing Values Affordability Band Parcels Percent <br />$1 - $84,500 30% and Below AMI 21 1.0% <br />$84,501 - $150,500 30% - 50% AMI 252 11.5% <br />$150,501 - $238,500 50% - 80% AMI 480 21.8% <br />$238,501 - $409,000 81% - 135% AMI 1051 47.8% <br />$409,001 - $694,000 136% - 200% 312 14.2% <br />$604,001 and Above Greater than 200% AMI 81 3.7% <br />Total Owner Occupied Housing Units 2,197 100% <br /> <br />Dr <br />a <br />f <br />t <br /> <br />11 <br />/ <br />2 <br />0 <br />/ <br />2 <br />0 <br />1 <br />7