DC Metro Area's September First-Time Homebuyer Report

The DC Metro Area is older the rest of USA, with a median age of 36. However, it happens to be the richest metro area in the country, with a median income of $83,140 per household. Fairfax County, Montgomery County, and Prince George's County are the three largest counties in terms of population. Detached homes account for 66% of the area's current housing market. The top 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 $429,611. The most expensive places to live are Falls Church City, Arlington County, and Fairfax County.

Wonder which homes are generating the most buzz? Here are the most viewed listings in the DC Metro Area:

$799K   $1.8M   $9M  

Typical Dwelling

A four-bedroom detached home valued around $517,686 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 $103,537 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,831 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 9/8/2016

Comments:

Ask a local expert about this area:
RE/MAX United Real Estate
65 reviews
Pearson Smith Realty, LLC
Snapped 235 homes in this area
Coldwell Banker Elite
Snapped 103 homes in this area

Agents that specialize in this area
35 snaps in this area
409 snaps in this area
518 snaps in this area
32 snaps in this area
27 snaps in this area
384 snaps in this area
83 snaps in this area
17 snaps in this area
8 snaps in this area
50 snaps in this area
©2017 Homesnap 1-800-431-5509 Housing market data, school data and demographic information is provided by SmartZip Analytics, Inc. ©2017 SmartZip Analytics, Inc. and ©2017 Fast Forward, Inc. Information is deemed reliable but not guaranteed. Sitemap Terms of Use Privacy Policy SmartZip Terms of Service
Sign-in with Facebook Sign-in with Twitter
or
I'm a real estate agent
Already a User? Sign In Below:

Sign In

Forgot Password? Click Here...

Sign-in with Facebook Sign-in with Twitter
or

Sign In

Forgot Password? Click Here...

Please enter the email address you used to register with Homesnap and an email will be sent with instructions for resetting your password.