Virginia

Home prices in Virginia and Arlington: median value and trend

Median owner-occupied home value: $403,500 in Virginia and $945,700 in Arlington (Census ACS 2024). FHFA: Virginia prices up 3.1% in a year.

Checked on against the official sources listed at the bottom of the page.

In short

The median value of owner-occupied homes is $403,500 in Virginia and $945,700 in Arlington County, against $360,600 nationwide (Census ACS 2024). On the FHFA index, Virginia prices up 3.1% and Arlington–Alexandria–Reston prices up 3.6% from Q2 2025 to Q2 2026.

Arlington is a county, not a city with separate boundaries: the Census Bureau’s figure for “Arlington CDP” is identical to the figure for Arlington County, so this page uses the county. The latest one-year ACS estimates cover 2024. The Census Bureau plans to release the 2025 one-year estimates on October 29, 2026, and the figures below will change then.

What it costs: median value in 2024

AreaMedian value, 2024Margin of error (90%)
United States$360,600±$618
Virginia$403,500±$3,411
Washington–Arlington–Alexandria metro area (DC-VA-MD-WV)$604,800±$4,223
Arlington County$945,700±$49,107

Source: Census ACS 2024, table B25077; owners’ own estimates, not sale prices.

Three points stand out:

  • The Virginia median is $42,900 above the national median.
  • Arlington County is $542,200 above the Virginia median and $340,900 above the Washington metro median. The metro area also includes much cheaper counties and cities.
  • The margin of error for Arlington (±$49,107) is much wider than for the state, because the sample is small. The true county median is very likely between about $896,600 and $994,800.

How prices have moved: the FHFA index

For the Arlington area, FHFA publishes the metro division “Arlington-Alexandria-Reston, VA-WV”.

Area1-year change (Q2 2025 to Q2 2026)5-year change (Q2 2021 to Q2 2026)
United States+2.1%+33.4%
Virginia+3.1%+37.3%
Arlington-Alexandria-Reston metro division+3.6%+27.4%

Source: FHFA HPI, purchase-only, Q2 2026 (release of August 25, 2026); changes by Payotte.

Virginia prices grew faster than the nation’s over one year (+3.1% against +2.1%) and over five years (+37.3% against +33.4%). The Arlington area rose faster than the state over the past year but less over five years.

A worked example

Take an Arlington-area home worth $400,000 in the second quarter of 2021. Tracking the Arlington-Alexandria-Reston index exactly, it would have been worth about $509,000 in the second quarter of 2026 (+27.4%). A home worth $500,000 in the second quarter of 2025 would have gained about $18,100 in the last year (+3.6%). A single home can differ widely from the index.

How to use these figures when buying

Related: Virginia closing costs guide, buying a home in Arlington and Virginia first-time buyer programs.

Method and dataset

ACS median value. ACS 1-Year 2024, table B25077. Geographies: United States (0100000US), Virginia (0400000US51), Washington–Arlington–Alexandria metro area (310M700US47900), Arlington County (0500000US51013); Arlington CDP (1600000US5103000) returns the same value. Read through the data.census.gov API on October 13, 2026.

FHFA index. FHFA HPI (purchase-only, seasonally adjusted), state series (Virginia), metro series (Arlington-Alexandria-Reston, VA-WV, division code 11694) and U.S. series. Index values used (Q2 2021, Q2 2025, Q2 2026): Virginia 314.18, 418.39, 431.35; Arlington-Alexandria-Reston 344.16, 422.98, 438.30; United States 326.58, 426.58, 435.69.

Frequently asked questions

What is the median home value in Virginia?

The Census Bureau’s 2024 American Community Survey puts the median value of owner-occupied homes in Virginia at $403,500 (±$3,411). The national median is $360,600. These are owners’ own estimates, not sale prices.

What is the median home value in Arlington, Virginia?

For Arlington County, the 2024 ACS median value is $945,700 (±$49,107). The Washington–Arlington–Alexandria metro area is at $604,800.

Are Virginia home prices going up or down?

FHFA’s purchase-only index shows Virginia prices rose 3.1% over the year to Q2 2026, and the Arlington-Alexandria-Reston area rose 3.6%. Over five years, they rose 37.3% and 27.4%.

How Virginia compares with the other States

Virginia ranks 17th of 50 for median home value ($403,500), 12% above the national $360,600.

The States closest in median value are Florida ($396,900) and Connecticut ($396,900). The range runs from $170,800 in West Virginia to $875,900 in Hawaii; Virginia is $64,000 above the middle of that ranking (Wyoming).

On the FHFA index, Virginia prices rose 3.1% over the year to the second quarter of 2026, which places the State 23rd of 50, 1 points ahead of the national +2.1%. Over five years the gain is +37.3% (24th of 50; nation +33.4%).

Virginia sits in the middle of the pack on at least one of the two measures: 17th for the level, 23rd for the one-year change.

Over five years, Virginia's +37.3% annualises to +6.5% a year (nation +5.9%). The latest year (+3.1%) is 3.4 points under that average, a slower pace than the five-year average.

Arlington, the main city, has a median of $945,700, 3rd of the 49 main cities Payotte covers. That is 134% above the Virginia median, a premium that ranks 1st of 49.

The one-year FHFA change runs from -1.2% in New Mexico to +8.3% in Alaska. Virginia (+3.1%) is 5.2 points below the top and 4.3 above the bottom; New Hampshire (+3.1%) and Wyoming (+3.2%) are the nearest to it.

For scale, 20% of the Virginia median is $80,700, against $72,120 at the national median.

Compare with the other states: Median home price by state.

More Virginia guides

Sources

Virginia · All states · Federal guides