Lyon Park's October First-Time Homebuyer Report

Lyon Park is a neighborhood in Arlington, VA with a median income of $123,023 per household. Besides being somewhat affluent, its population is older than others with a median age of 36 years. The Lyon Park market is primarily made up of detached houses, which currently account for 79% of the homes for sale in the area. The top school in the neighborhood is Long Branch Elementary School.

Price Range

The median value of homes in Lyon Park is $657,546, making it one of the most valuable areas in Arlington, VA. At the same time, the average list price of available homes is presently $1,163,005. There were four home sales in the Lyon Park market over the last 30 days, while coming close to the 4.4 monthly average for the last 12 months.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Lyon Park:

$635K   $270K   $1.9M  

Typical Dwelling

A one-bedroom condo valued around $253,845 is considered a typical dwelling in Lyon Park. If a buyer was looking for a similar home, they would need good credit and a $50,769 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,901 and the property tax rate is $8.38 per $1,000 of taxable assessed value.

Get started right now by checking out Lyon Park homes for sale or reviewing Lyon Park real estate trends.


Data reported through 10/13/2016

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