Why Live in Arlington
Arlington's extensive network of outdoor spaces includes the 18-mile Mount Vernon Trail along the Potomac River and the popular Custis Trail, which offers scenic views of the D.C. skyline. Cultural attractions range from innovative performances at Synetic Theater to contemporary shows at Signature Theatre. The dining scene features distinctive restaurants like Ambar Clarendon, known for Balkan small plates, and The Liberty Tavern's wood-fired pizzas and American comfort food.
The housing market offers diverse options across distinct neighborhoods. The median price for single-family homes in Lyon Village reaches $2,295,000, while Arlington Ridge offers median prices of $1,130,000. Condo buyers will find one-bedroom units in Clarendon/Courthouse at a median price of $487,800, and two-bedroom options at $740,000. Ballston presents more affordable condo options with median prices of $405,000 for one-bedroom and $584,800 for two-bedroom units.
Arlington's cost of living sits 40.4% above the national average. A family with school-age children needs approximately $147,000 annually to live comfortably, while renters should aim for $87,000. The effective property tax rate is 0.9%, lower than nearby Alexandria and Falls Church at 0.99%. The area offers excellent public education, with Washington Liberty High School and Yorktown High School both receiving A+ ratings from Niche. Transportation options include 11 Metro stations on the Orange, Blue, and Silver lines, providing 10 to 30-minute commutes to D.C. Major employers include the Department of Defense, Amazon's HQ2, and numerous government contractors.
Home Trends in Arlington, VA
On average, homes in Arlington, VA sell after 27 days on the market compared to the national average of 50 days. The median sale price for homes in Arlington, VA over the last 12 months is $759,500, up 7% from the median home sale price over the previous 12 months.
Median Sale Price
$759,500
Median Single Family Sale Price
$1,300,000
Median Townhouse Sale Price
$1,022,500
Median 2 Bedroom Sale Price
$570,000
Median 1 Bedroom Sale Price
$349,900
Average Price Per Sq Ft
$495
Number of Homes for Sale
230
Last 12 months Home Sales
1,032
Median List Price
$775,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
7%