As the entertainment capital of Texas, Arlington is home to Six Flags Over Texas, Hurricane Harbor, the Texas Rangers’ Globe Life Park in Arlington and the Dallas Cowboys’ $1 Billion AT&T Stadium Complex. Arlington is the 7th largest community in Texas. With a population of 392,772, the workforce in Arlington is a mixture of white-collar and blue-collar jobs the top 5 consisting of Retail Trade (12.4%), Healthcare and Social Assistance (11.3%), Manufacturing (10.9%), Education (9.2%), and Accommodation and Food (7.8%). The average commute time to work is 15-30 minutes and the majority of people drive alone or carpool.
Arlington is a diverse city. Residents of the city characterize themselves as being a part of a variety of racial and ethnic groups. The most prevalent ethnic group is Caucasian (41.5%) followed by Hispanic or Latino (28.7%) and African-American (20.4%). Almost 1/4th of Dallas residents are from other cities, states, and countries.
The per capita income, which is the average income (earned and unearned) per individual in a specific area and year, of Arlington is $25,957 which is slightly below the national per capita income of $29,829. Additionally, the Median Household Income is $53,574 which is also slightly below the national Median Household Income of $55,322.
For the month of October, the average median sales price was $214,494. On average the DOM (Days on Market) was 28, the months of housing supply was 1.7, the total number of active listings was 436 and the Total Number of Sales was 477. Compared to last year, the median sales price increased by $11, 560 ($202,934), DOM 28.7 decreased slightly by .7, and the months of housing supply 1.3 increased by .4. Although it is still a sellers market there are great opportunities for both buyers and sellers with the right Realtor working with you!
Contact one of our agents today!
(Data Source: Neighborhood Scout, Real Estate Center at Texas A&M and NTREIS)