Arlington, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Arlington Neighborhoods Since 2000




Arlington, VA Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Arlington Housing Market Information

With 228,449 people, 98,441 houses or apartments, and a median cost of homes of $630,252, 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.

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 15.02% over the last ten years, which is an average annual home appreciation rate of 1.41%, 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.

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 2.30%, 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 -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Virginia, our data show that Arlington's latest annual appreciation rate is higher than 50% 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:
$630,252

Arlington, VA HOME PRICES

Value Range
> $1,120,000 10.1
$840,001 - $1,120,000 17.9
$560,001 - $840,000 30.8
$448,001 - $560,000 12.8
$336,001 - $448,000 13.0
$224,001 - $336,000 9.5
$112,001 - $224,000 4.0
$56,001 - $112,000 0.8
$0 - $56,000 1.1

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
3.49818352279386 3.601108033241

Number Of Homes And Apartments:
98,441

Arlington Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
141.74% 5.25% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,315 / per month

Homeownership Rate

Homeownership
Owners 43.79
Renters 56.21
Vacant 10.05

Housing Market Details

 

Age of Homes

AGE OF Arlington HOMES
2000 or Newer 18.3
1970 - 1999 31.2
1940 - 1969 41.1
1939 or Older 9.4

Types of Homes

TYPE OF Arlington HOMES
Single-Family 26.6
Townhomes 9.5
Small Apt. Buildings 4.7
Apt. Complexes 58.9
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Arlington HOMES
No Bedroom 4.39
1 Bedroom 33.08
2 Bedrooms 30.74
3 Bedrooms 17.53
4 Bedrooms 9.62
5 or more bedrooms 4.63