District of Columbia's June First-Time Homebuyer Report

20011, 20019, and 20002 can all be found within District of Columbia. With 601,723 residents, it's the 50th-ranked state in total population. Also at a rate of 5.2% over the last 10 years, it ranks 35th in terms of growth. It has one of the most prosperous populations in the nation with a median income of $58,155 per household. Besides being ranked the 10th-wealthiest state, it also ranks 48th in terms of youth with a median age of 33 years. Leading the list of top schools in the state are Oyster Elementary School-Adams Elementary School, City Collegiate Pcs, and Wilson W. Sr High School.

Price Range

The median value of homes in District of Columbia is $363,000, making it one of the most valuable areas in USA. At the same time, the average list price of available homes is presently $603,776. The homes with the lowest value are in 20016, 20015, and 20007. In this week's report, the number of homes sold in the District of Columbia market fell to 823 over the past 30 days, a decrease of 4.5% from last week's report, but still above the monthly average.

Typical Dwelling

The typical dwelling in District of Columbia is a three-bedroom townhouse worth about $670,226. To purchase a similar home, a buyer with good credit and a $134,045 cash down payment could obtain a mortgage with a 3.95% interest rate and a $2,622 monthly payment. 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 6/15/2017

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