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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



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 2023. 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 a population of 234,000, 110,887 total housing units (homes and apartments), and a median house value of $984,389, 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%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which 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

Arlington's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Arlington during the period has been just 4.12%, which is lower than 80% of US communities.

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 4.68%, 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 0.00%, which equates to an annual appreciation rate of 0.00%.

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

$984,389

Arlington, VA Home Prices
> $1,174,000
$880,001 - $1,174,000
$587,001 - $880,000
$470,001 - $587,000
$352,001 - $470,000
$235,001 - $352,000
$117,001 - $235,000
$59,001 - $117,000
$0 - $59,000
29.0%
29.0%
22.5%
22.5%
25.0%
25.0%
10.4%
10.4%
5.7%
5.7%
4.7%
4.7%
1.8%
1.8%
0.3%
0.3%
0.7%
0.7%
0% 100.0%
% of Homes
Very High

for Virginia

Very High

for nation

Number of Homes And Apartments:

110,887

Arlington Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,037 / per month

Homeownership Rate

Owners
Renters
41.7%
41.7%
58.3%
58.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.0%
7.0%
93.0%
93.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
25.5%
25.5%
29.2%
29.2%
37.5%
37.5%
7.7%
7.7%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
25.3%
25.3%
9.3%
9.3%
4.6%
4.6%
60.7%
60.7%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
6.6%
6.6%
31.4%
31.4%
30.5%
30.5%
16.1%
16.1%
10.0%
10.0%
5.3%
5.3%
0% 100.0%
% of Homes