Arlington Metro May Housing Report 2021 By Johnnie Morine
Arlington County has fewer than 50 regional historic districts. Thirteen of them are singlefamily homes, and only ten are privately owned. One of the privately-owned historic houses recently went on the market for the first time in 25 years. The Eastman-Fenwick House is a Queen Anne-style Victorian frame house designed and built for Albert Prescott Eastman in 1876. Sally Prescott, his grandmother, left him the property. The house was called
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Everbloom by the Eastman family and was enrolled with the Virginia Historic Landmarks Commission in 1980. How Real Estate Market is for Buyers in Arlington Despite all of the great news about increasing real estate prices, a family earning the Greater Phoenix median income of $79,000 could only afford 62.8 percent of what was sold in the first quarter of 2021. The National Association of Home Builders reported that a family can afford to spend about 28 percent of its gross income on housing. That implies that 62.8 percent of homes sold cost their new owners $1,843 or less a month, supposing a 10% down payment covering principal, taxes, interest, and insurance.
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rlington real estate, like all real estate, is subject to the rule of supply and demand. The months of inventory is used to calculate demand. It takes about 2.5 months of inventory in Arlington for the market to be neutral.
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