Washington-Arlington-Alexandria Metro Area, DC Housing

The housing market in Washington-Arlington-Alexandria, DC Metro Area is booming. The median value of a house is $544,200, which is nearly double the US median value of $338,100. In addition, the US 1 year house appreciation rate is 8.27%, while the rate for the Washington-Arlington-Alexandria area is 10.78%, indicating that houses in this area are appreciating at a faster rate. This suggests that now may be an ideal time to purchase a home in this region as prices are unlikely to drop in the near future.

The median home cost in Washington-Arlington-Alexandria Metro Area is $544,200. Home appreciation the last 10 years has been 66.6%. Home Appreciation in Washington-Arlington-Alexandria Metro Area is up 9.7%.

Average Age of Homes

- The median age of Washington-Arlington-Alexandria Metro Area real estate is 37 years old

The Rental Market in Washington-Arlington-Alexandria Metro Area

- Renters make up 33.9% of the Washington-Arlington-Alexandria Metro Area population
- 1.8% of houses and apartments in Washington-Arlington-Alexandria Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Washington-Arlington-Alexandria, District of Columbia	United States
	2,474,190.0	139,647,020.0
	39	42
	$544,200	$338,100
	9.7%	16.6%
	37.4%	57.0%
	66.6%	101.1%
	$9.78	$10.98
	$4,546	$2,690
	60.1%	57.4%
	5.7%	11.2%
	34.2%	31.4%
Vacant Housing
	1.8%	1.9%
	0.4%	0.4%
	0.6%	0.7%
	0.3%	0.4%
	0.6%	3.6%
	2.0%	4.1%
Value of Owner-Occupied Housing
	0.8%	2.6%
	0.5%	2.4%
	0.3%	2.8%
	0.3%	3.9%
	0.4%	4.5%
	1.5%	11.3%
	3.4%	13.0%
	14.2%	20.1%
	19.7%	13.6%
	16.6%	8.3%
	24.0%	9.7%
	10.5%	3.9%
	5.0%	2.2%
	1.5%	0.8%
	1.3%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	14.0%	13.6%
	14.0%	13.6%
	14.0%	13.6%
	15.4%	13.2%
	13.5%	14.8%
	14.0%	13.6%
	8.9%	10.0%
	4.9%	4.7%
	8.3%	12.2%

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John · Milwaukie, OR

DC is growing and has great wages

Over 3 years ago

Good place for employment, high wages, diverse & well educated population, transit, local parks and spring & fall weather. High cost of living and rat race atmosphere More

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