Arlington, VA Real Estate Market
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 Q2 2024. Updated quarterly.
- Setting, Housing Stock, Homeownership: 2022 (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 234,000 people, 110,887 houses or apartments, and a median cost of homes of $1,020,112, 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 60.68% of the town's housing units. Other types of housing that are prevalent in Arlington include single-family detached homes ( 25.32%), row houses and other attached homes ( 9.33%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.58%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.
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 37.54% of the town's housing hails from this era. Other housing ages represented in Arlington include homes built between 1970-1999 ( 29.21%) and housing constructed between 2000 and later ( 25.50%). There's also some housing in Arlington built before 1939 ( 7.74%).
Arlington Home Appreciation Rates
Some of the lowest real estate appreciation rates in America over the last ten years have been in Arlington, where house values have increased just 48.83%, which is annualized rate of 4.06%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
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 3.63%, 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 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes Arlington one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
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.
Median Home Value
$1,020,112
Very High
for Virginia
Very High
for nation
Number of Homes And Apartments:
110,887
VA
America
2024 Q1 - 2024 Q2
2023 Q2 - 2024 Q2
2022 Q2 - 2024 Q2
2019 Q2 - 2024 Q2
2014 Q2 - 2024 Q2
2000 Q1 - 2024 Q2
Average Market Rent:
$3,195 / per month