DC Metro Area First-Time Homebuyer Report for August

DC is a metro area in USA that has seen a 16.4% increase in population over the last 10 years. Despite only being ranked 262nd for growth, it's the eighth-most populated metro area with 5,582,170 residents. Its three largest counties are Fairfax County, Montgomery County, and Prince George's County. The DC Metro Area is made up of homes that are considered relatively old with a median of 32 years. The best schools in the metro area are Takoma Park Elementary School, Washington Latin Pcs, and School Without Walls Sr High School.

Price Range

Homes in the DC Metro Area are generally more expensive than others in the country with a median home value of $329,100 and an average list price of $427,714. Sales in the DC Metro Area market hit their lowest level since May. For the prior 30-day period, there were 7,436 homes sold, a decrease of 8.9%.

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.

$1.8M   $9M   $799K  

Typical Dwelling

The typical dwelling in the DC Metro Area is a four-bedroom detached home worth about $518,054. To purchase a similar home, a buyer with good credit and a $103,611 cash down payment could obtain a mortgage with a 3.95% interest rate and a $1,893 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 8/4/2016


Ask a local expert about this area:
Keller Williams Realty
Snapped 137 homes in this area
Coldwell Banker Residential Brokerage
Snapped 31 homes in this area
Long & Foster Real Estate, Inc.
Snapped 39 homes in this area

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