76002, Arlington, TX

Arlington, TX is located in the Dallas-Fort Worth metro area and has a population of over 1 million people. The median home value in Arlington is $269,000 and the median home equity is $161,500. Home prices have increased significantly in Arlington over the past few years, reaching their highest point in 2017. This increase can be attributed to a number of factors including an improving economy and low interest rates.

The average monthly mortgage payment for a home in Arlington is $1,078 which means that homeownership rates are high compared to other parts of the country. Additionally, Arlington has a relatively low unemployment rate which contributes to increased demand for homes. Despite these positive factors, there are some potential risks associated with buying a home in Arlington. For example, if interest rates rise or the economy takes a downturn then prices could drop significantly. Additionally, there may be limited inventory available for sale which could lead to higher prices than expected.