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These days, finding an affordable place to live in the District of Columbia area can be challenging. Home prices in District of Columbia are now at a median cost of $782,671, higher than the the United States average of $419,293.
The average cost of rent is $2,078/mo in District of Columbia, primarily driven by the current value of real estate in the District of Columbia area. In District of Columbia, 58.49% of households rent, and 25.45% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in District of Columbia is $10,575 per month. Households that rent pay about 19.65% of their income on rent here. District of Columbia’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the state.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby States
- Maryland: less expensive homes
- Delaware: less expensive homes
- Pennsylvania: less expensive homes
- Virginia: less expensive homes
- New Jersey: less expensive homes
- West Virginia: less expensive homes
- New York: less expensive homes
- North Carolina: less expensive homes
- Connecticut: less expensive homes
- Ohio: less expensive homes
States with Similar Populations
- Alaska: less expensive homes
- Hawaii: higher priced homes
- Puerto Rico: less expensive homes
- Vermont: less expensive homes
- Wisconsin: less expensive homes
- Washington: less expensive homes
- Texas: less expensive homes
- South Dakota: less expensive homes
- South Carolina: less expensive homes
- Rhode Island: less expensive homes
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