Arlington appreciation rates and housing market information

Arlington housing market information

With 2,657 people, 934 houses or apartments, and a median cost of homes of $234,561, Arlington real estate is some of the most expensive in Tennessee, although Arlington home values aren't among America's most expensive.

single-family detached homes are the single most common housing type in Arlington, accounting for 96.79% of the town's housing units. Other types of housing that are prevalent in Arlington include large apartment complexes or high rise apartments (2.03%), and a few duplexes, homes converted to apartments, or other small apartment buildings (0.75%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Arlington. Owner-occupied housing accounts for 73.55% of Arlington's homes, and 77.52% have either three or four bedrooms, which is average sized relative to America.

Arlington homes and real estate are some of the newest in America. 47.43% of Arlington's housing was built since 1995, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Arlington real estate market has to offer. Quit a bit of the housing here was also built between 1970-1994 (24.30%), and 1940-1969 (22.80%).

Vacant housing appears to be an issue in Arlington. Fully 14.99% of the housing stock is classified as vacant. Left unchecked, vacant Arlington homes and apartments can be a drag on the real estate market, holding Arlington real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Arlington home appreciation rates

In the last 10 years, Arlington has experienced some of the highest home appreciation rates of any community in the nation. Arlington real estate appreciated 162.19% over the last ten years, which is an average annual home appreciation rate of 16.21%, putting Arlington in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Arlington definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Arlington that despite a nationwide downturn in the housing market, Arlington real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Arlington appreciation rates continue to be some of the highest in America, at 12.34%, which is higher than appreciation rates in 99% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Arlington. Arlington appreciation rates in the latest quarter were at 4.74%, which equates to an annual appreciation rate of 18.96%.

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 Tennessee, our data show that Arlington's latest annual appreciation rate is higher than 98% of the other cities and towns in Tennessee.