Home Price Key
Affordable
Average
Expensive
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 $655,265, higher than the the United States average of $313,691.
The average cost of rent is $1,784/mo in District of Columbia, primarily driven by the current value of real estate in the District of Columbia area. While nearly 26.09% of residents own their homes outright in District of Columbia, 56.21% rent.
Housing affordability isn’t just about home prices, though. The average household income in District of Columbia is $9,042 per month. Households that rent pay about 19.73% of their income on rent here. District of Columbia's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the state.
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: equally 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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