January's First-Time Homebuyer Report for District of Columbia

The population of District of Columbia ranks as the largest in District of Columbia with 601,723 people. It also ranks as the fastest growing county at a 10-year growth rate of 5.2%. 20011, 20019, and 20002 are its three most populated zip codes. With a ratio of 52.1%, most homes in District of Columbia are being rented. Leading the list of best schools in the county are Oyster Elementary School-Adams Elementary School, City Collegiate Pcs, and Ellington School of the Arts.

Price Range

Homes in District of Columbia are the most expensive in the state, with a median value of $358,200 and an average list price of $568,791. The homes with the highest value are in 20016, 20015, and 20007. With home sales in the District of Columbia market already below average, in this week's report they fell 7.7% to 540 homes sold over the last 30 days.

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

$285K   $945K   $399K  

Typical Dwelling

A three-bedroom townhouse valued around $654,965 is considered a typical dwelling in District of Columbia. If a buyer was looking for a similar home, they would need good credit and a $130,993 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $2,404 and the property tax rate is $6.16 per $1,000 of taxable assessed value.

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

Data reported through 1/12/2017


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