How Much Home Can You Afford in Arlington, VA Right Now?

How Much Home Can You Afford in Arlington, VA Right Now?

Arlington remains one of the nation's most resilient markets. As of February 2026, the median sales price is approximately $705,000, up 14.6% year-over-year. Here is what you need to know to navigate this high-demand landscape.

Average Price by Property Type

• Condos ($350k–$600k): The most accessible entry point, particularly in transit hubs like Ballston or Rosslyn.
• Townhouses ($700k–$1.1M): A popular middle ground; often located in urban villages like Fairlington or Westover.
• Single-Family Homes ($900k–$2M+): Highly constrained inventory keeps these prices climbing, especially in North Arlington.

Financing Your Purchase

• Down Payment Ranges: * VA Loans: $0 down (for eligible veterans/service members).
• FHA Loans: 3.5% minimum ($24,675 on a $705k home).
• Conventional: 3% to 5% for first-time buyers; 20% to avoid PMI.
• Loan Options: With rates hovering around 6%, many buyers opt for a 30-year fixed for stability. However, Jumbo loans are common here, as many homes exceed conforming limits.

First-Time Buyer Boosts

Arlington offers specific help, such as the SPARC program, which provides a 1% interest rate reduction for moderate-income buyers. Additionally, down payment assistance grants can provide up to $40,000–$50,000 in deferred loans for those who qualify.

Q&A: The Arlington Market

Q: Is it a seller's or buyer's market? A: It remains a seller’s market. While days-on-market have increased to about 40–75 days, inventory is still low, and well-priced homes often see multiple offers.

Q: Should I worry about condo fees? A: Yes. In 2026, rising HOA fees are a significant factor. Always compare the "All-In" monthly cost (Mortgage + Tax + HOA) rather than just the listing price.

Q: What is the "Conforming Loan Limit" in Arlington? A: Because Arlington is a high-cost area, the limit is significantly higher than the national average, often reaching up to $1,249,125 for 2026, allowing more buyers to avoid complex Jumbo financing.

Understanding your affordability in Arlington requires a deep dive into your finances and the current market. Speaking with a local lender and real estate agent is the best first step to getting a clear picture of what's possible.

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