DC Metro Area's March First-Time Homebuyer Report

DC is a larger than average metro area in USA that has grown at a 10-year growth rate of 16.4%. However, the population of the DC Metro Area ranks as the eighth-largest with 5,582,170 people. Fairfax County, Montgomery County, and Prince George's County are its three most populated counties. The DC Metro Area is made up of homes that are relatively old with a median of 32 years. The top schools in the metro area are Takoma Park Elementary School, Washington Latin Pcs, and School Without Walls Sr High School.

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 $420,723. In this week's report, the number of homes sold in the DC Metro Area market fell to 4,557 over the past 30 days.

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.

$499K   $11.8M   $349K  

Typical Dwelling

The typical dwelling in the DC Metro Area is a four-bedroom detached home worth about $515,206. To purchase a similar home, a buyer with good credit and a $103,041 cash down payment could obtain a mortgage with a 3.79% interest rate and a $1,708 monthly payment. 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 3/17/2016


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