Arlington, VA Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Arlington, VA Housing Market Trends

With 236,842 people, 107,032 houses or apartments, and a median cost of homes of $744,320, Arlington house prices are not only among the most expensive in Virginia, Arlington real estate also is some of the most expensive in all of America.

Large apartment complexes or high rise apartments are the single most common housing type in Arlington, accounting for 59.79% of the town's housing units. Other types of housing that are prevalent in Arlington include single-family detached homes ( 26.10%), row houses and other attached homes ( 9.43%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.57%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

People in Arlington primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Arlington has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Arlington's housing was primarily built during this period, from the '40s through the '60s. A full 39.66% of the town's housing hails from this era. Other housing ages represented in Arlington include homes built between 1970-1999 ( 28.92%) and housing constructed between 2000 and later ( 22.88%). There's also some housing in Arlington built before 1939 ( 8.54%).

Arlington Home Appreciation Rates

Appreciation rates for homes in Arlington have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 46.59%, which ranks in the top 30% nationwide. This equates to an annual average Arlington house appreciation rate of 3.90%.

Over the last year, Arlington appreciation rates have trailed the rest of the nation. In the last twelve months, Arlington's appreciation rate has been 4.39%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Arlington were at 1.50%, which equates to an annual appreciation rate of 6.12%.

Notably, Arlington's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Virginia, our data show that Arlington's latest annual appreciation rate is lower than 80% of the other cities and towns in Virginia.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Arlington differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Arlington - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Arlington real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$744,320

Arlington, VA HOME PRICES

> $1,159,000
15.1%
15.1%
$869,001 - $1,159,000
22.4%
22.4%
$579,001 - $869,000
26.8%
26.8%
$464,001 - $579,000
12.1%
12.1%
$347,001 - $464,000
12.2%
12.2%
$232,001 - $347,000
6.8%
6.8%
$116,001 - $232,000
3.6%
3.6%
$58,001 - $116,000
0.4%
0.4%
$0 - $58,000
0.6%
0.6%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for VA

Value Relative To Nation

Number Of Homes And Apartments:
107,032

Arlington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
186.48% 5.14%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,525 / per month

Homeownership Rate

Owners
42.1%
42.1%
Renters
57.9%
57.9%
Vacant
6.7%
6.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
22.9%
22.9%
1970 - 1999
28.9%
28.9%
1940 - 1969
39.7%
39.7%
1939 or Older
8.5%
8.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
26.1%
26.1%
Townhomes
9.4%
9.4%
Small Apt. Buildings
4.6%
4.6%
Apt. Complexes
59.8%
59.8%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
6.2%
6.2%
1 Bedroom
31.8%
31.8%
2 Bedrooms
29.9%
29.9%
3 Bedrooms
17.3%
17.3%
4 Bedrooms
9.9%
9.9%
5 or more bedrooms
5.0%
5.0%
0.0% 100.0%
% OF HOMES