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Arlington, VA Rental Market Overview
The city of Arlington, Virginia, is growing quickly these days thanks to the ready availability of jobs in a several industries, numerous colleges in and around it and its proximity to Washington, D.C.
The latest data from the U.S. Census Bureau shows Arlington has grown by 9.6 percent in the past 10 years, to a total of more than 207,000 from a little more than 189,000.
Arlington is perhaps best known as the home of Arlington National Cemetery and the Marine Corps Museum, but it's also a hub for tens of thousands of government and private jobs. Unemployment in Arlington is exceptionally low, as are the number of office vacancies. The largest employer there is the U.S. Department of Defense, with more than 36,000 workers, while the U.S. Departments of Justice and State employ 5,200 and 4,500 there, respectively. Deloitte and Lockheed Martin are the two largest private employers in Arlington.
There are also a number of universities in and around Arlington, including Northern Virginia Community College, George Mason University and Marymount University. Combined, there are nearly 75,000 students enrolled at these institutions.
Property Management Companies Can Greatly Assist Arlington Property Owners
Because Arlington is growing so rapidly, it is popular with renters, which can be both a boon and a problem for owners. With so many renters in Arlington, it can be hard to adequately care for each property on their own.
That's where a property management company can come in and help. These firms specialize in collecting rent, interviewing potential tenants and doing the daily maintenance and upkeep vital to keeping rental properties running efficiently.
Arlington Rental Market at a Glance
Rental properties in Arlington are numerous,as many prefer to live outside Washington, D.C. for both lifestyle and financial reasons. In fact, 60 percent of all its housing units are in multi-unit structures.
The median rental in Arlington costs $2,248, which the median two-bedroom unit costs $2,718.
Finding Arlington Property Management Companies
Locating the right property management company for you is vital to ensuring your business is run smoothly and efficiently.
Sign up with All Property Management to choose from Arlington's top property management companies. Just type your zip code into our search engine and you'll discover a variety of management firms in Arlington to receive free quotes from.