Arlington’s citizenry is highly educated and highly compensated. The numerous federal government facilities located in Arlington, such as the Pentagon, ensure that demand for local housing remains high. As such, the real estate market has been strong, with home appreciation values in the neighborhood of 8 percent in the last year alone.
With a median home value of $583,400, purchasing a home doesn’t make a lot of financial sense, especially for career-minded people who don’t have time for home maintenance.
The Rental Market in Arlington, VA
Arlington is a charming, historic city. It boasts cosmopolitan amenities without sacrificing beauty and style. Compared to most American cities, it’s relatively easy to get around on public transit, find a local market and coffee shop, and visit libraries, museums, shops, and galleries on your weekends. The area is listed as “Exceptionally Livable” by AreaVibes.com and has a walkability score of 67, making it “Somewhat Walkable.” However, it has a bike score of 70, making it “Very Bikeable.” There are even bikesharing options available, so you don’t have to keep your own bike.But, with such an old city, the amenities of individual rentals tend to have a lot of variety. You can have an apartment in a brand new building with all modern conveniences and indoor parking, or you can have a more historical listing with mid-century fixtures and electrical.
Rents in the area are relatively high, but still comparable to the cost of ownership. While this is not ideal for a renter, it has the benefit of encouraging people to make more rental units available. In Arlington, 55% of dwellings are renter-occupied.
How to Go about Finding a Rental Unit in Arlington
When you’re looking to rent in Arlington, you can search high and low for decent listings. Arlington can be a competitive market for people looking for high quality accommodations. With Real Property Management, though, you have access to the cream of the crop. Well-managed and with competitive pricing, with our extensive knowledge of the market, we can find you a rental to fit your needs. Call us for the most up to date listings of our rental units.Looking for a rental that offers walkability, great transit, and top-tier amenities without the stress of upkeep? Work with a trusted arlington property manager who knows the market inside out. Contact us today to see the best listings and discover why our property managers in Arlington VA make renting effortless.