January's First-Time Homebuyer Report for Arlington Heights

With 2,231 residents, Arlington Heights is a smaller-than-average neighborhood in Riverside. However, with a 12.0% increase over the last 10 years, it ranks first in terms of growth. It should be noted that at 75.5%, most people own their homes in Arlington Heights. The top school in the neighborhood is Lake Mathews Elementary School.

Culture

If you are interested in a place to get some coffee in Arlington Heights, Foursquare says that Daily Brew Coffee House is the most popular place to grab a cup. For shopping, you might enjoy Van Buren Swapmeet. You could also go to the popular Arlington Heights Sports Complex and California Citrus State Historic Park for outdoor activities.

Price Range

The median value of homes in Arlington Heights is $315,687, making it one of the most valuable areas in Riverside. At the same time, the average list price of available homes is presently $841,220. Sales in the Arlington Heights market hit their lowest level since October. For the prior 30-day period, there was one home sold, a drop of 50.0%.

Wonder which homes are generating the most buzz? Here are the most viewed listings in Arlington Heights:

$3.3M   $845K   $550K  

Typical Dwelling

A four-bedroom detached home valued around $602,826 is considered a typical dwelling in Arlington Heights. If a buyer was looking for a similar home, they would need good credit and a $120,565 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $8,628 and the property tax rate is $9.19 per $1,000 of taxable assessed value.

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


Data reported through 1/12/2017

Comments:

Ask a local expert about this area:
Keller Williiams Realty
Snapped 4 homes in this area
julio Garcia Cruz Real Estate WKeller Williams Real Estate
Snapped 1 home in this area

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