Mortgage Calculator & Closing Costs: Arlington, VA
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Arlington, Virginia.
Median Home Price
$725K
Population
239K
Avg Monthly Rent
$2,550
Property Tax Rate
0.82% *
* Property tax shown is the Virginia state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Arlington.
Arlington vs Virginia Median
The median home price in Arlington is $725,000, which is 81% above the Virginia state median of $400,000.
Mortgage Calculator — Arlington, VA
Pre-filled with Arlington median home price and Virginia tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $725K home using Virginia's 0.82% tax rate and $1,700/yr insurance.
5% Down
$5,392/mo
Down: $36,250
Loan: $689K
P&I: $4,353
Tax: $495
Insurance: $142
PMI: $402
10% Down
$5,142/mo
Down: $72,500
Loan: $653K
P&I: $4,124
Tax: $495
Insurance: $142
PMI: $381
20% Down (No PMI)
$4,303/mo
Down: $145,000
Loan: $580K
P&I: $3,666
Tax: $495
Insurance: $142
Income needed (28% rule): $184K/year with 20% down, $220K/year with 10% down.
Rent vs Buy in Arlington
Rent
$2,550/mo
vs
Buy (10% down)
$5,142/mo
Price-to-rent ratio: 23.7 — At a ratio above 20, renting may be more economical in Arlington for shorter stays. Buying costs $2,592 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Arlington is $725,000, 81% above the Virginia state median of $400,000. With a population of 238,643, Arlington is a mid-size city where home prices reflect strong demand and local economic factors.
Property taxes in Virginia average 0.82% annually. This moderate property tax rate means a $725,000 home in Arlington would carry roughly $495/month in property taxes. Homeowners insurance in Virginia runs approximately $1,700 per year. This is within the normal range nationally.
Average rent in Arlington is $2,550/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Arlington is a higher-cost market. At $725K median, buyers need significant savings or strong income. Down payment assistance through Virginia's Virginia Housing DPA Grant program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Arlington.