Washington, DC’s housing median value currently stands at $382,700, which is significantly higher than the US house median value of $338,100. The US 1 year house appreciation rate is 8.27%, while the appreciation rate in Washington, DC is 3.58%. This means that the cost of housing in the nation's capital has increased more slowly than other parts of the country over the last year. As such, it may be a good time to consider buying or renting property in this area if you're looking for a place to live or invest in real estate.
The median home cost in Washington (zip 20020) is $382,700. Home appreciation the last 10 years has been 83.8%. Home Appreciation in Washington (zip 20020) is up 7.0%.
Average Age of Homes
- The median age of Washington (zip 20020) real estate is 58 years old
The Rental Market in Washington (zip 20020)
- Renters make up 59.8% of the Washington (zip 20020) population
- 5.1% of houses and apartments in Washington (zip 20020), 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.