According to RealtyTrac, a real estate data and information website, Arlington’s millennial population has increased 82 percent from 2007-2013, the highest rate in the country over that timespan. The data comes from an analysis of U.S. Census data from 1,800 counties nationwide.
Alexandria ranks second in the list in millennial growth rate, at 81 percent, ahead of New Orleans and San Francisco.
“Naturally, millennials are attracted to markets with good job prospects and low unemployment but that tend to have high rental rates and high home price appreciation,” RealtyTrac Vice President Daren Blomquist said on the company’s website.
RealtyTrac said Arlington’s unemployment rate of 3.2 percent, a little more than half of the national 6.1 percent rate. Arlington also topped the list in terms of percentage of the population made up of millennials, at 39 percent, and its median home price, $505,000, was third behind San Francisco ($950,000) and Manhattan in New York City ($850,000).
This ranking follows two Arlington ZIP codes ranking as the top two for millennials in the country and Clarendon being called the “best neighborhood for millennials” in the D.C. area, both released this year.
File photo courtesy Mary Dominiak/Experimental Aircraft Association
The week started as summer and is ending, unmistakably, as fall. On the plus side, we have a stretch of crisp, sunny days ahead, with the exception of some rain…
A 5 BD/2 BA home with a light-filled den and screened back porch is included in Open Houses.
Early voting got off to a muted start today (Thursday) at the Arlington County government headquarters in Courthouse. “We had a line of five voters when we opened at 8…
Wakefield High School and Claremont Elementary School were secured today in response to reports of gunfire in nearby Bailey’s Crossroads.
Now you can have fun with your family and friends when deciding where to eat!
Just hop aboard The Lunch Train and set the destination for: breakfast, brunch, lunch, dinner, or nightlife!
– No app necessary. Simply go to the website if you’d like!
– No account necessary
– Use your current location or a desired location
– Add restaurants you’re interested in, invite your friends, and play the game!
Lyon Park & Ashton Heights’ biennial home & garden biennial tour is back. The tour will include contemporary custom homes, older historic bungalows as well as renovated properties. One of the stunning homes on the tour is pictured above. In addition to beautiful & unique homes, the Villa & Vistas ’22 event will conclude with a festive reception at the Lyon Park Community Center at 414 N Fillmore Street, Arlington VA 22201. What could be better right?
All proceeds from this event will go to the Lyon Park Citizens Association (LPCA) towards our neighborhood jewel & hub, the Lyon Park Community Center (LPCC).
When: Sunday, October 2nd, Noon – 4 PM.
Where: Meet to get your tickets and the tour map at the Lyon Park Community Center (414 N Fillmore Street) We will have a table with information outside.
Are you ready to jump into homeownership or started considering it but don’t know where to start? Financial preparation is key when thinking about purchasing your first home and the first step to getting pre-approved. Join ACFCU for our Homebuying