22206, Arlington, VA

Arlington, VA is located in the Northern Virginia region of the United States. The 22206 zip code covers a total area of approximately 5.5 square miles and has a population of approximately 223,000 people. Home prices in the 22206 zip code have increased significantly over the past few years, reaching an average price of $469,000 as of September 2017. This increase in home prices has been largely due to an influx of new residents and investment into the Arlington area.

The median household income in the 22206 zip code is $113,500, which is above the national median household income of $59,039. Additionally, Arlington has a high rate of home ownership (81%) compared to other U.S. cities and counties with similar populations (70%). This high rate of home ownership may be attributable to several factors including low levels of unemployment and strong economic growth over recent years.

Despite these positive trends, there are some challenges facing home buyers in Arlington that should be considered when purchasing a home. One issue is that housing demand is outpacing supply in many parts of Arlington; this has led to elevated prices and limited availability for homes on the market. Additionally, there are concerns about rising interest rates and potential future mortgage defaults if current trends continue. Despite these challenges, it appears that homeownership remains a key driver of economic growth and stability in Arlington overall