Mortgage payment estimates, closing cost breakdowns, and homebuying data for Arlington, Virginia.
Pre-filled with Arlington median home price and Virginia tax/insurance rates. Adjust for your property.
Estimated closing costs based on Virginia rates and fees applied to Arlington prices.
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.