DC Metro Area's January First-Time Homebuyer Report

The DC Metro Area has one of the most prosperous populations in USA with a median income of $83,140 per household. On top of being ranked the wealthiest metro area, its population is older than others with a median age of 36 years. Fairfax County, Montgomery County, and Prince George's County are its three most populated counties. The DC Metro Area market mostly consists of detached houses, accounting for 65% of the current homes in the area. The best schools in the metro area are Takoma Park Elementary School, City Collegiate Pcs, and Ellington School of the Arts.

Price Range

The median value of homes in the DC Metro Area is $329,100, making it one of the most valuable areas in USA. At the same time, the average list price of available homes is presently $438,601. Falls Church City, Arlington County, and Fairfax County have the highest worth in the metro area.

Make sure you take a look at these eye-catching homes in the DC Metro Area that generated the most views from potential buyers:

$1.8M   $9M   $260K  

Typical Dwelling

A four-bedroom detached home valued around $516,882 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 $103,376 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $1,784 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 1/26/2017

Comments:

Ask a local expert about this area:
Snapped 8 homes in this area
Allison James Estates & Homes
Snapped 9 homes in this area
Snapped 39 homes in this area

Agents that specialize in this area
19 snaps in this area
400 snaps in this area
24 snaps in this area
132 snaps in this area
251 snaps in this area
65 snaps in this area
545 snaps in this area
28 snaps in this area
85 snaps in this area
196 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.