The housing market in 20037 Washington, DC is quite expensive compared to the US median value of $338,100. The median value for housing here is an eye-watering $655,600 - almost double the US median. However, in the last year it has only experienced a 3.58% increase in appreciation, which pales in comparison to the 8.27% increase that was seen nationally over the same period. This indicates that there may be a slowdown in the real estate market in this area of Washington, DC.
The median home cost in Washington (zip 20037) is $655,600. Home appreciation the last 10 years has been 83.8%. Home Appreciation in Washington (zip 20037) is up 7.0%.
Average Age of Homes
- The median age of Washington (zip 20037) real estate is 44 years old
The Rental Market in Washington (zip 20037)
- Renters make up 54.6% of the Washington (zip 20037) population
- 5.4% of houses and apartments in Washington (zip 20037), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.