Petworth's October First-Time Homebuyer Report

Petworth has a younger population than other areas in Washington, DC with a median age of 37 years. It is also somewhat affluent with a median income of $56,135 per household. The Petworth market is mostly made up of condos and townhouses, currently accounting for 43% overall. Heading the list of top schools in the neighborhood is Community Academy Pcs - Amos I.

Price Range

The median value of homes in Petworth is $256,773, making the area almost identical to others in Washington, DC. At the same time, the average list price of available homes is presently $728,143. The Petworth market showed no signs of halting a three-week downward contraction, with a record low eight homes sold in the last 30 days. Sales showed a 27.3% drop from the prior period, returning to a low not seen since April.

Curious as to which homes have been getting the most attention in Petworth? These listings have stirred up interest and produced the most views:

$775K   $325K   $699K  

Typical Dwelling

The typical dwelling in Petworth is a three-bedroom townhouse worth about $672,528. To purchase a similar home, a buyer with good credit and a $134,506 cash down payment could obtain a mortgage with a 3.95% interest rate and a $2,814 monthly payment. The property tax rate is $6.16 per $1,000 of taxable assessed value.

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


Data reported through 10/13/2016

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