Arlington County Real Estate and Livability Trends
Arlington County, Virginia has experienced a significant rise in home values, jumping from $607,700 in 2015 to $833,300 in 2022—a growth rate that notably exceeds both state and national averages. This suggests a robust real estate market spurred by increased property values. Concurrently, real estate taxes have climbed to $9,184.48 by 2021, reflecting these higher valuations and potentially... Read more
Arlington County Market Trends
Home values in Arlington County, Virginia have surged from $607,700 in 2015 to $833,300 in 2022, significantly outpacing state and national growth. Average residential energy tax credits spiked to $4,389.47 in 2018, suggesting rising energy-efficient upgrades among homeowners. Real estate taxes have also climbed from $5,716.13 in 2012 to $9,184.48 by 2021, reflecting higher property values. A... Read more
Median Value of Occupied Housing Units in Arlington County, Virginia Over the Last 8 Years
Median home values have steadily risen in Arlington County, Virginia over the past eight years, climbing from $607,700 in 2015 to $833,300 in 2022. This local increase significantly outpaces both state and national growth. In contrast, across Virginia, the median home value rose from $245,000 to $339,800 during the same period, while the U.S. median values increased from $125,500 to $179,400. This rapid appreciation suggests that Arlington County may present a lucrative opportunity for investors or those looking to move, compared to wider state and national markets.
Residential Energy Tax Credit Per Tax Return in Arlington County, VA Over the Last 9 Years
In Arlington County, Virginia, there has been a notable uptick in the average Residential Energy Tax Credit per tax return over the past nine years, showing a significant spike in 2018 with an average credit of $4389.47. This trend suggests a growing interest and investment in energy-efficient upgrades among homeowners, which could be an attractive selling point for real estate agents and those looking to invest in property in the area. For appraisers and insurance agents, the increase might indicate higher property values and potentially lower risk profiles due to energy-efficient improvements.
Average Real Estate Taxes Per Tax Return in Arlington County, VA Over the Last 10 Years
Over the last decade, the average real estate taxes per tax return in Arlington County, Virginia have shown a consistent upward trend, starting from $5,716.13 in 2012 and reaching $9,184.48 by 2021. This rise in property taxes may indicate increasing property values, potentially appealing for investors and those considering selling property. On the flip side, this trend could imply higher living costs, a concern for new buyers and current residents. It’s crucial for insurance agents, appraisers, and real estate agents to factor in these tax changes when evaluating property values and insurance rates in this region.
Percentage of Farm Returns in Arlington County, VA Over the Last 10 Years
Over the last decade in Arlington County, Virginia, the percentage of farm tax returns has generally shown a slight decline. Starting at around 0.14% in 2012, the percentage decreased to roughly 0.07% by 2021, with minor ups and downs in between years. Farm tax returns, here referring to the portion of county tax filings related to agricultural activity, may suggest a dwindling presence of farming within this region. This trend could be notable for investors and developers as it potentially indicates a shift away from agriculture towards more urban or suburban land uses, impacting land availability, property values, and local economic focus.
Number of Mortgages by Occupancy Type in Arlington County, VA Over the Last 5 Years in Arlington County
Over the last five years, Arlington County, Virginia has experienced notable fluctuations in mortgage counts across different occupancy types. Principal residences dominate the market, with counts generally increasing, hitting a peak in 2020 before noticeably dropping in subsequent years. Investment properties, though fewer in number, have shown interesting trends, with a substantial spike in 2021 followed by a decline. Changes in occupancy type can indicate shifts in market demand and potential investment opportunities. For potential investors, appraisers, and real estate agents, understanding these patterns is crucial for predicting future market behavior, assessing property values, and tailoring services to meet market demands. For those moving to or residing in the area, such trends may influence community composition and housing availability.
Economic Outlook
Arlington County, Virginia has seen a steady rise in average taxable income per tax return over the past nine years, escalating from $106,966.58 in 2013 to $161,141.11 in 2021, possibly attracting higher-income residents. This shift suggests a favorable impact on real estate values and investment prospects. Concurrently, average state and local income taxes have nearly doubled over the decade, indicating changes in income levels or tax policies and affecting financial planning for potential... Read more
Average Taxable Income per Tax Return in Arlington County, VA over the last 9 years
Over the past nine years, Arlington County, Virginia has seen a steady uptick in average taxable income per tax return, climbing from $106,966.58 in 2013 to a notable $161,141.11 in 2021. This trend suggests the area may be attracting higher-income residents or that existing residents are experiencing income growth, which could impact real estate values and investment opportunities positively. Real estate professionals, appraisers, and insurance agents might keep a keen eye on this upward trajectory for pricing and risk assessment, while potential investors and movers could see this as a sign of economic vitality in the county.
Average State and Local Income Taxes Per Tax Return in Arlington County, VA Over the Last 10 Years
In Arlington County, Virginia, average state and local income taxes per tax return have seen a notable upward trend over the past decade. Starting from $10,059.88 in 2012, these taxes have risen consistently, reaching $21,106.68 in 2021. This nearly doubling of local tax liabilities could be reflective of evolving income levels, changes in tax policies, or demographic shifts within the county. Such an increase might influence the financial planning of potential investors, movers, and those involved in real estate or property development, contributing to fiscal considerations critical for sustained economic engagement in Arlington County.
Average Total Tax Liability Per Tax Return in Arlington County, VA Over the Last 10 Years
Over the last decade, Arlington County, Virginia, has seen a significant increase in average total tax liability per tax return, escalating from $21,708.61 in 2012 to $34,993.68 in 2021. This uptrend suggests rising incomes and property values in the area, which could be a focal point for appraisers and real estate agents. The consistent growth also indicates potential for investment opportunities and may influence insurance rates and policy structures. Those considering moving here should be prepared for the higher tax implications, reflecting the region's economic prosperity.
Cost of Living in Arlington County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,694 | $2,019 | $1,492 | $4,050 | $3,114 |
| 1 adult 4 children | $2,694 | $1,649 | $1,137 | $4,050 | $3,142 |
| 2 adults 3 children | $2,694 | $1,649 | $1,296 | $4,050 | $2,853 |
| 1 adult 3 children | $2,694 | $1,346 | $941 | $4,050 | $2,899 |
| 2 adults 2 children | $2,153 | $1,350 | $1,100 | $3,562 | $2,305 |
| 1 adult 2 children | $2,153 | $1,008 | $746 | $3,562 | $2,412 |
| 2 adults 1 child | $2,153 | $1,067 | $904 | $1,973 | $1,678 |
| 1 adult 1 child | $2,153 | $689 | $550 | $1,973 | $1,724 |
| 2 adults | $1,892 | $857 | $709 | $0 | $1,038 |
| 1 adult | $1,862 | $468 | $354 | $0 | $1,030 |
Safety trends & Data
Over the past five years, property crime trends in Arlington County, Virginia have seen notable fluctuations. Larceny-theft peaked in 2022 with 545 incidents, and vandalism rose to 90 cases the same year, hinting at a shift in crime dynamics. Though burglary and motor vehicle theft remained relatively stable, the persistent high levels of fraud and rising theft and vandalism may influence both investment strategies and insurance risks in the... Read more
Property Crime Trends in Arlington County, VA Over the Last 5 Years
Over the last five years, Arlington County, Virginia, has experienced fluctuating trends in property crime. The most significant increases appear in larceny-theft, peaking in 2022 with 545 incidents, while vandalism also saw a marked rise to 90 cases in the same year. Notably, fraud has varied but remained relatively high, while burglary and motor vehicle theft showed more stability with some yearly variations. These trends might suggest that while traditional property crimes like burglary have lessened, other types such as theft and vandalism are becoming more prevalent, likely impacting investment and insurance considerations.
Demographics
Arlington County, Virginia shows a well-balanced gender ratio, with a slight male majority. Educational attainment is high, with more than half of the population holding at least a bachelor's degree and a significant number achieving graduate or professional degrees, reflecting a well-educated populace. The age distribution indicates a youthful demographic, heavily skewed towards the 25 to 34-year age group, hinting at a dynamic and potentially transient young professional community. Racial... Read more
Race Distribution in Arlington County, Virginia (2022)
Educational Attainment in Arlington County, Virginia (2022)
Age Distribution in Arlington County, Virginia
Citizen Population in Arlington County, Virginia (2022)
Political Trends & Data
In Arlington County, Virginia, the 2020 presidential election results indicated a pronounced Democratic inclination, with potentially over 80% of votes for the Democratic candidate. Republican support may have hovered around 17%, while Libertarians and other parties barely made a mark. This trend could be reflective of voting patterns typical of urban and suburban areas in... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Arlington County, Virginia, the 2020 presidential election leaned heavily Democrat with possibly over 80% of the votes, while Republican support may have been just over 17%. Libertarian presence was minimal, likely around 1.4%, and other parties hardly registered. This suggests Arlington's strong Democratic inclination, potentially reflecting urban and suburban voting trends seen in other parts of Virginia.
17.07% of voters voted for the Republican party in the 2020 Presidential Election
80.58% of voters voted for the Democrat party in the 2020 Presidential Election
1.40% of voters voted for the Livertarian party in the 2020 Presidential Election
0.95% of voters voted for the Other party in the 2020 Presidential Election
School Data
Arlington County, Virginia has seen its student-to-teacher ratios fluctuate over the past decade, peaking at nearly 15 in 2022 before dropping to about 13 in 2023. These numbers compare favorably to the national average of 14 students per teacher, making the area potentially more appealing for families and investors due to better individual attention in schools. High-quality education often correlates with higher property values, making this an enticing metric for real estate agents, while... Read more
Student-to-teacher ratio in Arlington County, Virginia over the last 10 years
Arlington County, Virginia's student-to-teacher ratios have fluctuated over the past decade, peaking at nearly fifteen in 2022 before dropping to about thirteen in 2023. Generally, these ratios compare favorably to the national average of fourteen students per teacher, suggesting that Arlington County tends to offer better individual attention to students. Such ratios could be enticing for investors, families, and real estate agents given that high-quality education often correlates with higher property values and a more desirable living environment. Lower ratios might also result in reduced risk for insurance agents due to potentially better educational outcomes and community stability.
