The rental market in Arlington has shown some fluctuations over the years. The percentage of renters has varied between 10% and 14% from 2013 to 2022. Average rent prices have generally increased, albeit with some variations. In 2013, the average rent was $1,613, which increased to $1,659 by 2017. There was a slight decrease to $1,591 in 2022, possibly due to increased housing supply or economic factors. The town's growing population, which increased from 12,885 in 2013 to 15,886 in 2022, may have contributed to the overall upward pressure on rent prices.

In 2023, the average home price in Arlington reached $409,917, with federal interest rates at 5.02%. Moving into 2024, the average home price has further increased to $413,605, while interest rates have risen to 5.33%. This continued appreciation in home values, despite higher interest rates, suggests strong demand for housing in Arlington.

Looking ahead, based on historical trends and current market conditions, it's projected that average home prices in Arlington will continue to rise over the next five years, albeit at a potentially slower rate due to higher interest rates. Average home prices could reach approximately $450,000 to $475,000 by 2029. Average rent prices are also expected to increase moderately, potentially reaching $1,700 to $1,800 per month by 2029, driven by population growth and the overall appreciation of the local real estate market.

In summary, Arlington, Tennessee has demonstrated a robust and growing housing market characterized by high homeownership rates and steadily increasing property values. The town's desirability, coupled with its economic stability, has contributed to a consistent upward trend in both home prices and rental rates. While interest rates have influenced short-term fluctuations, the overall trajectory of Arlington's real estate market remains positive, reflecting the town's continued appeal to both homeowners and investors.