DC Metro Area's February First-Time Homebuyer Report

The DC Metro Area has an older population than other areas in USA with a median age of 36 years. It also ranks as the eighth- richest with a median income of $83,140 per household. Its three largest counties are Fairfax County, Montgomery County, and Prince George's County. Detached homes account for 64% of the area's current housing market. Leading the list of top schools in the metro area are Takoma Park Elementary School, City Collegiate Pcs, and Ellington School of the Arts.

Price Range

Some of the more expensive homes in USA are in the DC Metro Area with a median home value of $329,100 and an average list price for available homes currently at $418,932. Falls Church City, Arlington County, and Fairfax County are the costliest places in the metro area.

Out of all the listings in the DC Metro Area, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$244K   $499K   $11.8M  

Typical Dwelling

A four-bedroom detached home valued around $513,721 is considered a typical dwelling in the DC Metro Area. If a buyer was looking for a similar home, they would need good credit and a $102,744 cash down payment to get a mortgage with a 3.79% interest rate. The monthly payments would be $1,667 and the property tax rate is $11.04 per $1,000 of taxable assessed value.

Get started right now by checking out DC Metro Area homes for sale or reviewing DC Metro Area real estate trends.


Data reported through 2/11/2016

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