Arlington is the tenth priciest market for rental housing in the United States, according to an updated set of rankings.
Rental website Zumper released its latest national rent report, which lists Arlington at No. 10 and neighboring D.C. at No. 9. New York City tops the list.
Zumber notes that Arlington rent grew at a faster pace over the past month than the national median, though its place in the rankings held steady.
“Zumper’s National Index showed one-bedrooms increasing 0.6% to $1,504, while two-bedrooms rose 0.8% to $1,856 in May. Both bedroom types are up about 6% year-over-year,” a spokesperson told ARLnow. “The price of one bedroom units in Arlington increased 1.3% to $2,300 last month, while two bedroom units grew 2.6% to $3,100.”
On a year-over-year basis, median one- and two-bedroom rents in Arlington are up 4.5% and 5.8%, respectively, this month.
Continued rent growth in Arlington contrasts with the falling rents earlier in the pandemic.
The report, meanwhile, notes that some less-expensive interior U.S. cities — like Columbus, Ohio and Colorado Springs — are seeing a surge in rental interest from those moving from more expensive coastal areas of the country.
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Please join us on Saturday, June 3, from 2 to 4 pm for the Glencarlyn Home Tour in Arlington’s historic Glencarlyn neighborhood. Among the featured homes will be a sparkling new home by A&N Builders at 5604-4th St. South. The inviting front porch opens to a light-filled space featuring high ceiling, wood floors, gas fireplace, Pella windows, Shrock cabinets, Quartz countertop, and JennAir appliances. Doors from the family room open to a large covered porch with a few steps to the level, landscaped rear yard. Upstairs, there are four bedrooms, three bathrooms, laundry room, and linen storage. The big lower level has a rec room, gym space, and a fifth bedroom and bathroom plus even more storage. After leaving the home, stroll to the Ball-Sellers home, the oldest residence in Arlington, the community gardens at the library, Carlin Hall, and the 94 acre Glencarlyn Park. A lovely way to while away a late spring afternoon.
Is home ownership a goal of yours in 2023? Now is the time to make it happen! Grab a (virtual) drink with the area’s top Real Estate experts, learn all about the home buying process and on how you can get $1,500 towards your closing costs immediately!
Did you know the average Arlington renter will spend $150K in 5 years of renting? Stop paying down someone else’s mortgage! Join us for a Rent vs. Buy Happy Hour on Wednesday, June 7th at 6 p.m. via Zoom. If this time doesn’t work, we also are offering times convenient for your schedule!
A lot has happened in the local market since the beginning of the pandemic. Sip on your drink of choice and learn from Northern Virginia, Arlington and Washingtonian Magazines top producing agents! We will discuss the latest market updates, the home buying process and rent vs. buy cost savings. Please RSVP by clicking here.
Call/text Manavi at 703-869-6698 with any questions!
Homebuying 101: Steps to Getting Pre-Approved
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.
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4th of July Celebration & Fireworks
Treat yourself this Independence Day with a world-class, private 4th of July extravaganza at the Military Women’s Memorial – a premier National Capital Region site.
Great food, fun, and the best views of Washington DC’s spectacular fireworks display. Relax, enjoy,