Arlington has one of the “healthiest” housing markets in the country thanks to a stable supply of affordable homes, according to a new study.
The financial research firm SmartAsset ranked the county first in Virginia and 24th in the nation in a new evaluation of the country’s largest housing markets.
Arlington earned those high marks based on four factors the firm considered in weighing whether homeowners can easily sell their homes with a low risk of losing money: stability, affordability, fluidity and risk of loss. SmartAsset found the county performed best when it came to demand for homes, based on how long the average house stayed on the market — Arlington homes are available for an average of 41.9 days, well below the national average of 52.5 days.
The firm also found that home costs tend to take up about 20.1 percent of the average Arlington homeowner’s income, a touch below the national average of 22 percent, which also helped the county score well in these rankings. However, Arlington’s high income levels surely impacted that statistic.
SmartAsset also determined that just 10.9 percent of county homeowners have negative equity on their homes, increasing the risk of foreclosure, another statistic below the national average.
Arlingtonians stay in their homes for an average of 11.3 years, below both the state and national averages, lending some fluidity to the market as well.
The one factor where the county scored poorly compared to some of its peers is the percentage of homes decreasing in value — 22.2 percent of Arlington’s homes are dropping in value at the moment, compared to 13.8 percent nationally.
Overall, SmartAsset ranked Buffalo, New York; Fremont, California; and Colorado Springs, Colorado as the top three healthiest markets nationwide.
Tour Country Club Hills to discover its lush herbage, mature trees, and the Victorian and frame houses of the area in Neighborhood Spotlight.
A soggy weekend is on tap after an otherwise pretty nice final week of September. Obviously this week’s big story was the devastation in Florida, the huge scale of which…
Share your input on the Arlington Forestry and Natural Resources Plan by October 3.
A proposed bridge for bicyclists and pedestrians between Crystal City and the Southwest Waterfront area of D.C. has received $20 million in federal funding to move forward. When complete, the…
9th Street Chamber Music is back in business for its second season! 9SCM is disrupting the stereotypes of classical music as stuffy, dry, and elite through dynamic yet accessible performances and its one-of-a-kind String Quartet Intensive for young musicians in the DC Metro area.[9th Street Quartet](https://www.9thstreetchambermusic.com/9th-street- quartet)’s first concert is on Sunday, October 16 at 4:00 PM. The group will offer, for the first time, a ‘Playlist Shuffle’ themed concert featuring single movements of string quartet favorites. Tickets for this concert can be found here, and are $20 for adults and FREE for all students under 18.
Rehearsals began Monday, September 27 for the String Quartet Intensive, welcoming 32 new and returning members to the program. These talented musicians in grades 7 through 12 represent over fifteen area schools throughout Northern Virginia, DC and Maryland, and are an integral part of the growing 9SCM community. Their first performance will take place on Monday, November 28 at 7:30 PM.
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!
Join us as we explore Vini Franchetti & their two sister vineyards Passopisciaro (Sicily) and Vini Franchetti (Tuscany) for our Sicily/Tuscany Wine Dinner!
Sunday, Oct 9 @ 6pm
Special Guest: This wine dinner we will be hosting the wine maker