In 2016, Washington, DC had a median housing value of $1,124,400. This figure was significantly higher than the US median home value of $338,100. The appreciation rate for homes in the nation was 8.27%, while the appreciation rate for homes in Washington DC was 3.58%. This indicates that home values are increasing at a slower rate in Washington, DC compared to other parts of the country. Nonetheless, with an already high median housing value and slow appreciation rate, living in Washington, DC is still an expensive proposition for many people.
The median home cost in Washington (zip 20016) is $1,124,400. Home appreciation the last 10 years has been 83.8%. Home Appreciation in Washington (zip 20016) is up 7.0%.
Average Age of Homes
- The median age of Washington (zip 20016) real estate is 68 years old
The Rental Market in Washington (zip 20016)
- Renters make up 32.5% of the Washington (zip 20016) population
- 4.5% of houses and apartments in Washington (zip 20016), 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.