In 2011, the median housing value in Washington, DC was $688,800. This was significantly higher than the US median of $338,100 for that year. The appreciation rate for housing in the US was 8.27%, while the one-year appreciation rate in Washington, DC was 3.58%. This difference is likely due to the high demand for prime real estate in one of the most prominent cities in America.
The median home cost in Washington (zip 20011) is $688,800. Home appreciation the last 10 years has been 83.8%. Home Appreciation in Washington (zip 20011) is up 7.0%.
Average Age of Homes
- The median age of Washington (zip 20011) real estate is 74 years old
The Rental Market in Washington (zip 20011)
- Renters make up 42.2% of the Washington (zip 20011) population
- 3.3% of houses and apartments in Washington (zip 20011), 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.