02476, Arlington, MA

Arlington, MA is a city located in Middlesex County, Massachusetts. As of the 2010 census, the population was 97,898. The 2476 zip code includes much of Arlington and extends into neighboring Somerville. Home prices in this area have been on the rise for many years now and continue to do so.

According to Zillow’s 2018 National Home Value Survey, the median home value in Arlington is $1,039,200. This is up from $927,100 in 2017 and up from $711,500 in 2016. This increase can be attributed to a number of factors including an improving economy and low interest rates. In addition to home values increasing nationally, Arlington has seen particularly strong growth over the past few years. For example:

In 2017 , the average home value increased by 5%.

In 2016 , the average home value increased by 7%.

In 2015 , the average home value increased by 10%.

And in 2014 , the average home value increased by 11%.

This strong growth has led to a shortage of homes available for purchase within this zip code. According to Zillow’s 2018 National Home Value Survey: “The number of listings [in this zip code] is down 15% year-over-year […] indicating that demand remains high despite tight inventory levels” (Zillow). In fact: “There are currently just 2 days worth of inventory available compared with an average of 5 days across all U.S ZIP codes” (Zillow). This indicates that there are many people interested in purchasing homes within this zip code – but due to limited availability they are having to pay higher prices than they would if there were more homes available for sale at lower prices.