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


Ask a local expert about this area:
Keller Williams Realty
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Keller Williams Flagship of Maryland
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