The typical owner-occupied home in Arlington is worth about $424,400, 48% above the Tennessee median of $286,700 and 28% above the national median of $332,700. Owners pay a median $3,411 a year in property taxes, about 0.80% of their home's value, higher than the Tennessee rate of 0.50%. The median household earns $135,105 a year, so the median home costs 3.1 times the median income (4.1 times for Tennessee). 85% of occupied homes here are lived in by their owners, and 83% of those owners still have a mortgage.
Arlington at a glance
| Arlington | Tennessee | U.S. | |
|---|---|---|---|
| Median home value | $424,400 | $286,700 | $332,700 |
| Median property tax paid per year | $3,411 | $1,442 | $3,119 |
| Property tax as a share of value | 0.80% | 0.50% | 0.94% |
| Median household income | $135,105 | $69,595 | $80,734 |
| Homes lived in by their owners | 85% | 67% | 65% |
| Owner homes with a mortgage | 83% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $2,262 | $1,566 | $1,963 |
| Those costs as a share of the owners' income | 19.2% | 19.6% | 21.0% |
| Median rent | $2,164 | $1,189 | $1,413 |
| Rent as a share of renters' income | 22.4% | 29.5% | 30.6% |
| Median year homes were built | 2005 | 1987 | 1980 |
| Vacant homes | 1.0% | 10.2% | 10.1% |
| Population | 15,205 | 7,066,383 | 334,922,499 |
What a typical home costs per month in Arlington
At this week's average 30-year rate of 7.11%, buying the median Arlington home of $424,400 with 20% down costs about $2,744 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,451, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $117,589 for the 20%-down payment. That payment is 24% of the median Arlington household income of $135,105; at that income and 20% down, the 28% guideline points to a home of about $488,000.
The median rent here is $2,164 a month, so owning the median home costs about $580 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $84,880 |
|---|---|
| Loan amount | $339,520 |
| Principal and interest | $2,284 |
| Property taxes (0.80% a year) | $283 |
| Homeowners insurance (our estimate, 0.5% a year) | $177 |
| PMI | $0 |
| Total per month | $2,744 |
Change the numbers in the calculator
| Down payment | $14,854 |
|---|---|
| Loan amount | $416,713 |
| Principal and interest | $2,803 |
| Property taxes (0.80% a year) | $283 |
| Homeowners insurance (our estimate, 0.5% a year) | $177 |
| FHA mortgage insurance | $188 |
| Total per month | $3,451 |
Change the numbers in the calculator
Questions about home buying in Arlington
What is the median home value in Arlington?
About $424,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Arlington?
Homeowners pay a median $3,411 a year, which is about 0.80% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Arlington?
For the median home with 20% down at 7.11%, the payment is about $2,744 a month. Keeping that under 28% of gross income takes about $117,589 a year.
More about Arlington
- Mortgage Refinance in Arlington
- Debt Relief in Arlington
- Home Equity Loans in Arlington
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data