DC’s Baseball “Neighborhood” One of the Most Expensive

by UrbanTurf Staff

image

Trulia has determined that if you want to own a home near Nationals Park, “it’ll cost you.”

Just in time for opening day, the real estate website published a list of the most expensive baseball stadium neighborhoods for homebuyers. The median home price around Nationals Park put it at #4 in a top five that includes San Francisco, Boston, San Diego and Los Angeles.

Now, we usually agree with the lists that Trulia publishes, but we took issue with one aspect of their methodology. The website used median price per square foot for real estate stretching anywhere from 1-2 miles from the stadium. That means that the calculations would include portions of a number of other areas in DC, thus stretching the definition of “baseball stadium” neighborhood.

We reached out to Trulia’s chief economist Jed Kolko and it turns out that they changed their methodology for DC. Rather than a 1-2 mile radius, they used select data from the 20003 and 20024 zip codes when determining median home price around Nats Park.

Still, even if the area measured did not extend as far out as two miles, it would not be hard to believe that the area around the baseball stadium made it into the top five, given that virtually all of the residential real estate in that area is newish and thus commands a premium price point.

Here is a look at the most expensive and least expensive baseball stadium neighborhoods:

image

Note: The final column in the table above is the ratio of stadium-area median price to metro median price. Values above 1 mean the stadium area is more expensive than the metro area overall.

See other articles related to: washington nationals, trulia, nationals park, editors choice

This article originally published at http://dc.urbanturf.com/articles/blog/dcs_baseball_neighborhood_one_of_the_most_expensive/6853

2 Comments

  1. Liz said at 9:21 am on Friday March 29, 2013:

    There are hardly any condo buildings in the SE Riverfront area, not many options unforunately. All that seems to be getting funding at the moment and the only projects coming down the pipeline in that area seem to be apartements. DC is booming with apartments- but no condos! grrr….

  1. MB said at 2:25 pm on Friday March 29, 2013:

    As an otherwise happy resident of this neighborhood that has rented for far too long already, I share your frustration, Liz!  Capitol Quarter townhouses or Velocity condos are the only non-rental apartment options in the very immediate area.  There needs to be a better balance of condos/houses to apartments, or people like me who are looking to buy will have to look elsewhere.  A sustainable neighborhood would be developed to attract permanent residents (not just temporary ones), who are engines for improvements that would benefit the larger community.  The only other condo project contemplated in the area is Factory 202, which may be reconsidered, and in any event, is years away from construction.  Developers and city planners should know that there’s a lot of latent demand out there for non-rental housing in the ballpark area: if you build it, they will come.

Join the discussion

UrbanTurf now requires registration in order to post comments. Register here, or login below if you are already registered.

Click here if you forgot your password.



Anthony Piscitelli

Reishman Real Estate

202.818.9265

Serving:

Brookland

NEW!

DC Real Estate Guides

Short guides to navigating the DC-area real estate market

We’ve collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Visit guides.urbanturf.com or start browsing below!

Northern Virginia

Profiles of 14 neighborhoods across Northern Virginia

Ballston
Looking to Give People A Reason to Stay Past 6pm
Clarendon
Happily Straddling the Line Between City and Suburb
Columbia Pike
Arlington’s Neglected Stepchild is Getting a Makeover
Crystal City
Turning Lemons into Lemonade
Lyon Village
Developing An Air of Exclusivity?
Rosslyn
Hitting Its Growth Spurt
Shirlington
An Urban Village Hitting Its Stride
Del Ray
Virginia’s Small Town Near the Big City
Eisenhower Avenue
The Vibrancy Might Take a Few Years
Huntington
The Quiet Neighborhood By the Beltway
Old Town
Mayberry By The Potomac
Parkfairfax
132 Commerical-Free Acres
Downtown Falls Church
Staying the Same in the Midst of Change
Tysons Corner
Radical Change Could Be On The Way

See more Northern Virginia »

Maryland

Profiles of 14 neighborhoods in suburban Maryland

Annapolis
Small-Town Living in the State Capital
Bethesda
Bedroom Community Gets Buzzing Cache
Cabin John
In With The New While Maintaining the Old
Chevy Chase
Affluence, Green Lawns and Pricey Homes
Downtown Silver Spring
Experiencing a Resurgence After a Bumpy History
Potomac
A Suburb on Steroids
Rockville Town Square
Despite the Dynamism, Still Somewhat Generic
Takoma Park
More Than a Little Bit Quirky
Wheaton
A Foodie Magnet on the Verge of Change
Capitol Heights
Kudzu, Front Porches and Crime
Hyattsville
Glass Half Full or Half Empty?
Mount Rainier
Artists, Affordable Homes and A Silo Full of Corn
National Harbor
A Development Rises Next to the Potomac
Riverdale Park
A Town Looking For Its Identity

See more Maryland »

Northwest DC

30+ neighborhood profiles for the city's biggest quadrant

16th Street Heights
DC's Sleeper Neighborhood
Bloomingdale
Where (Almost) Everyone Knows Your Name
AU Park
One of DC’s Last Frontiers Before the Suburbs
Brightwood
DC’s Northern Neighborhood on the Cusp
Burleith
DC’s 535 House Neighborhood
Cathedral Heights
Do You Know Where That Is?
Chevy Chase DC
Not to Be Confused With the Other Chevy Chase
Cleveland Park
Coming Back After A Rough Year
Columbia Heights
DC’s Most Diverse Neighborhood, But For How Long?
Crestwood
An Island of Serenity East of the Park
Dupont Circle
The Best of DC (For a Price)
Foggy Bottom & West End
Where the Institutional Meets the International
Forest Hills
Ambassadors and Adventurous Architecture
Fort Totten
Five Years Could Make a Big Difference
Foxhall Village
350 Homes Just West of Georgetown
Friendship Heights
A Shopping Mecca With a Few Places to Live
Georgetown
History, Hoyas and H&M
Glover Park
One of DC’s Preppier and More Family-Friendly Neighborhoods
Kalorama
A Posh View From Embassy Row
LeDroit Park
A Quiet Enclave in the Middle of the City
Logan Circle
Trendy Now, But Not By Accident
Mount Pleasant
Sought-After Homes Surround Main Street in Transition
Mount Vernon Triangle
From Seedy to Sought-After
Palisades
The Long, Skinny Neighborhood at the City’s Northwest Edge
Park View
It’s Not Petworth
Penn Quarter/Chinatown
DC’s Go-Go-Go Neighborhood
Petworth
Getting a Vibrancy of Its Own
Shaw
The Duke’s Former Stomping Ground
Shepherd Park
DC’s Garden of Diversity
Spring Valley
A Suburb With a DC Zip Code
Takoma
Not To Be Confused With Takoma Park
Tenleytown
Not Quite Like Its Neighbors
U Street Corridor
The Difference a Decade Makes
Woodley Park
Deceptively Residential
Adams Morgan
No Longer DC’s Hippest Neighborhood, But Still Loved by Residents

See more Northwest DC »

Southwest DC

The little quadrant that could

Southwest Waterfront
A Neighborhood Where A Change Is Gonna Come

See more Southwest DC »

Northeast DC

Profiles of 10 neighborhoods in NE

Brookland
New Development Could Shake Up Pastoral Peace
Deanwood
A Little Bit of Country Just Inside the District’s Borders
Eckington
Not to Be Confused With Bloomingdale
H Street
A Place To Party, and To Settle Down
Langdon
The Northeast Neighborhood That Few Know About
Michigan Park
A Newsletter-On-Your-Doorstep Community
NoMa
Evolving from a Brand to a Neighborhood
Rosedale
Ripe for Investment Right About Now
Trinidad
The Difference 5 Years Makes
Woodridge
Big Houses, A Dusty Commercial Strip and Potential

See more Northeast DC »

Southeast DC

6 'hoods from Capitol Hill to East of the River

Capitol Riverfront
Still Growing
Hill East
Capitol Hill’s Lesser Known Neighbor
Congress Heights
Gradually Rising
Hillcrest
Notable for Its Neighborliness
Historic Anacostia
Future Promise Breeds Cautious Optimism
Eastern Market
A More European Way of Living

See more Southeast DC »

Upcoming Seminars ▾