Arlington-Alexandria-Reston, VA-WV metro: mortgages and home buyers
2025 home-purchase and refinance statistics for the 18-county Arlington-Alexandria-Reston, VA-WV area (OMB code 11694), from official HMDA records.
In 2025, lenders reported 31,406 home-purchase mortgages for owner-occupied, single-family homes in the Arlington-Alexandria-Reston, VA-WV metro area. The median buyer borrowed $545,000 on a home valued at $655,000 and reported a household income of $168,000.
Buyers financed a median 85% of the home's value (roughly 15% down), paid a median 6.50% on 30-year fixed conventional loans and faced median conventional loan costs of $6,140.
Lenders denied 6.7% of completed home-purchase applications.
Key facts
- Home buyers' median income ($168,000) is 45% higher than the U.S. median ($116,000).
- The median 30-year fixed conventional rate here was 13 basis points below the U.S. median (6.625%).
- Median conventional loan costs ($6,140) were 10% higher than the U.S. median ($5,570).
- FHA loans made up 10.2% of purchase mortgages, versus 21.1% nationally.
- VA loans were unusually common: 19.2% of purchase mortgages.
- 45.9% of buyers put at least 20% down (financed 80% or less), compared with 38.5% nationally.
- The most common age bracket among borrowers was 35–44 (33.1% of purchase loans).
- 48.6% of purchase mortgages had a single borrower with no co-applicant.
- The most-cited reason for denial was debt-to-income ratio (39.6% of denials with a stated reason).
Counties in the metro area
| County | Purchase loans | Median loan | Buyer income | 30-yr rate | Loan costs | Conforming limit | FHA limit |
|---|---|---|---|---|---|---|---|
| Fairfax County, VA | 9,739 | $615,000 | $192,000 | 6.500% | $6,170 | $1,249,125 | $1,249,125 |
| Loudoun County, VA | 5,033 | $625,000 | $195,000 | 6.500% | $6,380 | $1,249,125 | $1,249,125 |
| Prince William County, VA | 4,670 | $505,000 | $149,000 | 6.500% | $6,020 | $1,249,125 | $1,249,125 |
| Stafford County, VA | 1,928 | $515,000 | $148,000 | 6.500% | $5,890 | $1,249,125 | $1,249,125 |
| Spotsylvania County, VA | 1,978 | $435,000 | $129,000 | 6.500% | $6,210 | $1,249,125 | $1,249,125 |
| Arlington County, VA | 1,705 | $615,000 | $218,000 | 6.500% | $6,420 | $1,249,125 | $1,249,125 |
| Alexandria city, VA | 1,595 | $575,000 | $191,000 | 6.500% | $6,040 | $1,249,125 | $1,249,125 |
| Jefferson County, WV | 1,394 | $345,000 | $112,000 | 6.500% | $5,480 | $1,249,125 | $1,249,125 |
| Fauquier County, VA | 820 | $535,000 | $161,000 | 6.500% | $5,700 | $1,249,125 | $1,249,125 |
| Culpeper County, VA | 685 | $445,000 | $131,000 | 6.500% | $6,060 | $1,249,125 | $1,249,125 |
| Warren County, VA | 493 | $365,000 | $115,000 | 6.625% | $5,190 | $1,249,125 | $1,249,125 |
| Manassas city, VA | 346 | $445,000 | $127,000 | 6.500% | $6,050 | $1,249,125 | $1,249,125 |
| Fairfax city, VA | 311 | $645,000 | $224,000 | 6.500% | $6,190 | $1,249,125 | $1,249,125 |
| Fredericksburg city, VA | 211 | $425,000 | $135,000 | 6.500% | $5,760 | $1,249,125 | $1,249,125 |
| Manassas Park city, VA | 171 | $455,000 | $121,000 | 6.500% | $5,940 | $1,249,125 | $1,249,125 |
| Clarke County, VA | 127 | $485,000 | $155,000 | 6.625% | $5,950 | $1,249,125 | $1,249,125 |
| Falls Church city, VA | 148 | $755,000 | $282,000 | 6.625% | $6,560 | $1,249,125 | $1,249,125 |
| Rappahannock County, VA | 52 | $505,000 | $188,000 | — | $7,360 | $1,249,125 | $1,249,125 |
Who bought homes in Arlington
Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.
Values are medians; "middle half" is the 25th to 75th percentile.
Loan type
What the homes were for
All first-lien, closed-end purchase mortgages, including second homes and investors.
Borrower age
Debt-to-income ratio
Monthly debts (including the new payment) as a share of income, as used in underwriting.
What borrowing cost in Arlington
Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.
| Measure | Arlington | U.S. |
|---|---|---|
| 30-year fixed rate · conventional | 6.500% | 6.625% |
| 30-year fixed rate · FHA | 6.250% | 6.250% |
| 30-year fixed rate · VA | 6.100% | 6.125% |
| 15-year fixed rate · conventional | 5.750% | 5.875% |
| Rate spread vs. APOR · conventional | +0.02 pts | +0.13 pts |
| Total loan costs · conventional | $6,140 | $5,570 |
| Total loan costs · FHA | $15,280 | $11,310 |
| Total loan costs · VA | $9,650 | $6,490 |
| Origination charges (all loan types) | $1,940 | $1,860 |
| Borrowers paying discount points | 45.9% | 51.3% |
| Points paid, when paid (% of loan) | 0.74% | 0.87% |
| Borrowers receiving lender credits | 36.3% | 33.1% |
| Adjustable-rate mortgages | 8.6% | 7.4% |
| Jumbo loans (above conforming limit) | 4.5% | 3.8% |
Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.
Approvals and denials
Arlington: 2,310 of 34,455 completed home-purchase applications were denied (6.7%).
Denial rate
| Application | Arlington | U.S. |
|---|---|---|
| Home purchase | 6.7% | 8.5% |
| Conventional | 5.9% | 7.1% |
| FHA | 14.5% | 12.5% |
| VA | 5.0% | 8.0% |
| USDA | 15.1% | 12.5% |
| Refinance | 13.7% | 17.9% |
| Cash-out refinance | 31.5% | 33.6% |
Main reason for purchase denials
First reason the lender reported.
Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.
Refinancing in Arlington
Source: FFIEC/CFPB HMDA 2025 public LAR (derived MSA/MD); OMB July 2023 delineations via the U.S. Census Bureau. Methodology