In 2012, the median value of housing in Washington, DC was $787,700, which is much higher than the US House Median Value of $338,100. Over the course of one year, house appreciation in Washington, DC was 3.58%, lower than the 8.27% national average for house appreciation. Although housing prices in the nation's capital remain high and may be daunting for potential homeowners, this slower rate of appreciation suggests that it would be a more stable investment than other areas with higher appreciation rates.
The median home cost in Washington (zip 20012) is $787,700. Home appreciation the last 10 years has been 83.8%. Home Appreciation in Washington (zip 20012) is up 7.0%.
Average Age of Homes
- The median age of Washington (zip 20012) real estate is 72 years old
The Rental Market in Washington (zip 20012)
- Renters make up 35.1% of the Washington (zip 20012) population
- 1.4% of houses and apartments in Washington (zip 20012), 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.