Arlington’s current supplied Zillow measures set the initial price, rent and affordability frame: ZHVI typical home value is $823,028 and ZORI typical observed market rent is $2,722 per month. Their implied gross yield is 3.97% before every operating cost. ZHVI fell 0.44% year over year and ZORI fell 0.52%, so neither series shows recent nominal growth in this snapshot. The home-value-to-household-income multiple is 5.79x, while annual ZORI equals 22.99% of ACS median household income; both are city-level screening measures, not borrower qualification tests.
Citywide ACS context shows that 58.74% of occupied units are renter-occupied and 8.15% of all housing units are vacant. Single-family homes account for 33.72% of stock, while large multifamily units account for 50.03%. The ACS median owner-reported home value is $895,000, and median gross rent is $2,322, including contract rent and selected utilities. These surveyed occupied-housing measures differ in concept and period from Zillow’s typical value and observed market rent, so they should not be averaged or treated as validation of one another.
Citywide, 40.09% of renter households spend at least 30% of household income on rent, while 33.88% of vacant units are classified as for rent. Together with the structure mix, these are survey context; they neither identify available investment inventory nor prove that a particular unit will lease quickly. The ACS population estimate is 236,254, up 1.20% between overlapping ACS vintages, a comparison that is not annualized and may reflect boundary changes. Median household income is $142,114; poverty is 7.39% and unemployment is 3.30%, describing broad demand capacity and constraints rather than causes of rent or price movement.
In Arlington County, the FHFA house-price index increased 1.44% over its supplied annual comparison, a county trend rather than an Arlington place-level value measure. Arlington County’s investor share is 7.67%, and its reported property-tax rate is 0.91%; both are county context and cannot substitute for a parcel’s buyer profile or actual tax bill. Nationally, the Freddie Mac 30-year mortgage rate is 6.58%, framing financing conditions without specifying any borrower’s rate, leverage or payment.
Treat the headline yield only as a first-pass screening ratio because it excludes vacancy, management, maintenance, insurance, taxes, association charges, capital work and financing. Verify achievable unit rent, concessions, lease terms, occupancy and relevant comparables; inspect condition and near-term capital needs; and obtain parcel-specific taxes, insurance and hazard information. Also confirm association finances and restrictions where applicable, title, permitted use, rental rules and financing terms. Citywide, county and national evidence cannot resolve these asset-level questions.