October's First-Time Homebuyer Report for Arlington

Arlington is much older than the rest of Washington, with a median age of 34. It's affluent as well, with a median income of $58,651 per household. The Arlington market is almost exclusively made up of detached houses, which currently account for 91% of the homes for sale in the area. Heading the list of top schools in the city is Darrington Sr High School.

Culture

If you are interested in some outdoor fun, Foursquare says that Gleneagle Golf Course and Biringer Farm are the most popular places in Arlington. Recommended places to eat are Buzz Inn Steakhouse Arlington, Panda Express, and La Hacienda. To top it off, one of the most popular places to get a drink is Skookum Brewery.

Price Range

The median value of homes in Arlington is $216,500, making it one of the most valuable areas in Washington. At the same time, the average list price of available homes is presently $296,116. In this week's report, the number of homes sold in the Arlington market fell to 36 over the past 30 days, a decrease of 2.7% from last week's report, but still above the monthly average.

Make sure you take a look at these eye-catching homes in Arlington that generated the most views from potential buyers:

$225K   $265K   $300K  

Typical Dwelling

A three-bedroom detached home valued around $289,457 is considered a typical dwelling in Arlington. If a buyer was looking for a similar home, they would need good credit and a $57,891 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,528 and the property tax rate is $10.94 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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