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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 228,449 people, 98,441 houses or apartments, and a median cost of homes of $653,996, 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 58.93% of the town's housing units. Other types of housing that are prevalent in Arlington include single-family detached homes ( 26.56%), row houses and other attached homes ( 9.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.70%). 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 41.07% of the town's housing hails from this era. Other housing ages represented in Arlington include homes built between 1970-1999 ( 31.24%) and housing constructed between 2000 and later ( 18.30%). There's also some housing in Arlington built before 1939 ( 9.39%).
Vacant housing appears to be an issue in Arlington. Fully 10.05% 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.
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 22.72% over the last ten years, which is an average annual home appreciation rate of 2.07%, putting Arlington in the top 20% 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.
NeighborhoodScout's data show that during the latest twelve months, Arlington's appreciation rate, at 4.36%, has been at or slightly above the national average. In the latest quarter, Arlington's appreciation rate has been 0.46%, which annualizes to a rate of 1.85%.
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 higher than 70% 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.
|$872,001 - $1,162,000||17.9|
|$581,001 - $872,000||30.8|
|$465,001 - $581,000||12.8|
|$349,001 - $465,000||13.0|
|$232,001 - $349,000||9.5|
|$116,001 - $232,000||4.0|
|$58,001 - $116,000||0.8|
|$0 - $58,000||1.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
2000 Q1 - 2017 Q3
|* 10 is highest|
|AGE OF Arlington HOMES|
|2000 or Newer||18.3|
|1970 - 1999||31.2|
|1940 - 1969||41.1|
|1939 or Older||9.4|
|TYPE OF Arlington HOMES|
|Small Apt. Buildings||4.7|
|SIZE OF Arlington HOMES|
|5 or more bedrooms||4.63|