Arlington homebuyers are working with a $720,000 median price point, 71% above the national figure. Against the $120,000 median household income in the area, that's a 6.0x multiple.
Property taxes in Arlington run 0.89% of assessed value, below the 1.1% national average. On the median home, that's $6,408 a year, or $534 added to the monthly payment.
Unlike the nine no-income-tax states, Virginia taxes wage income. Worth running your actual take-home pay against the $4,568/month payment here before locking in a target price.
Day-to-day expenses in Arlington track at 148 against the national 100 baseline, above average once you look past the mortgage payment itself.
Arlington's median home price runs 106% higher than nearby Richmond: $350,000 there versus $720,000 here.