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Where Are The Most Expensive Zip Codes In the DC Area?

by Shilpi Paul

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One of Georgetown’s most expensive homes.

As the headline from Monday’s RBI report stated, home prices in the DC area continue to climb to record highs. But where exactly are buyers shelling out the most to buy a new home?

RealEstate Business Intelligence provided UrbanTurf with data regarding the zip codes in both DC and the metro area with the highest median sales prices so far in 2013.

Below are the ten most expensive zip codes in the District.

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Unsurprisingly, 20007, the zip code that encompasses neighborhoods like Georgetown and Burleith, took the top spot with a median sales price of $841,000 (largely unchanged since last year). However, there are a couple zip codes on the list that made huge jumps: 20003, which encompasses Capitol Hill, Hill East and Capitol Riverfront, leapt from a median of $483,000 in 2012 to $595,000 this year. 20002, which is home to the northern side of Capitol Hill, H Street, Trinidad and other areas, also saw significant price increases, from $399,900 to $491,500.

Though it’s not on the list above, the DC zip code that saw the largest increase in price, percentage-wise, is 20020, home to Anacostia and Hillcrest. The median sales price jumped from $129,000 in 2012 to $194,000 in 2013, an increase of 50.4 percent. For more on why that happened, click here.

Next, here are the top ten most expensive zip codes in the entire region.

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On this list, all ten of the zip codes have median prices at or above $755,000. The most expensive is 22066, the zip code that encompasses Great Falls along the Potomac, where the median sales price is $983,500. All of the zip codes on the list have remained consistently pricey, year-over-year; not one median price increased by more than 13 percent between 2012 and 2013.

The zip code that has undergone the largest shift since last year is 22044, which encompasses the area just to the southwest of Seven Corners in Falls Church. The median sales price went from $197,050 to $522,500, an increase of an astounding 165.2 percent. UrbanTurf is exploring the reason for that wild jump.

See other articles related to: zip codes, realestate business intelligence

This article originally published at http://dc.urbanturf.com/articles/blog/where_are_the_most_expensive_zip_codes_in_the_area/7186

16 Comments

  1. Los said at 11:17 am on Wednesday June 12, 2013:

    Hmmm…the more relevant analysis would be in per sq ft basis.

  1. Log said at 11:23 am on Wednesday June 12, 2013:

    Hmmm…the article is about “the most expensive ZIP CODE in THE DC AREA”  not most expensive per sq ft.  If that was the case then why write the article?

  1. Pete said at 11:38 am on Wednesday June 12, 2013:

    he means if you do median sales price per sq ft for each zip code so that you take into account homes vs 1br condo sales to get the true “pricey-ness” of a zipcode.

  1. Scoot said at 11:41 am on Wednesday June 12, 2013:

    A per square foot analysis, as another table column, would be helpful. Great Falls has a lot of mansions, so no wonder it’s most expensive.

  1. hma said at 11:47 am on Wednesday June 12, 2013:

    Price/sqft would make more sense. Or excluding condos.

  1. Sherman Circle said at 12:11 pm on Wednesday June 12, 2013:
  1. h st ll said at 12:50 pm on Wednesday June 12, 2013:

    Agreed about per sq ft basis being more relevant. Still extremely interesting, though.

    I can’t believe the jump in 20020 (well, from watching listings there, I can, but still). Arguably, still a lot of run to room since prices are so much lower.

  1. The Editors said at 1:18 pm on Wednesday June 12, 2013:

    Thanks for the comments regarding square footage.

    RBI tells UrbanTurf that they are working to incorporate average/median $/SqFt metrics for DC and DC area zip codes into their database. There is no firm timeline for when the data will be available, but it is expected in the coming months.

    In the meantime, hopefully the data provided in this article gives a sense of areas in the region where prices are increasing.

    The Editors

  1. Dana Hollish Hill said at 2:45 pm on Wednesday June 12, 2013:

    Seems most commenters had strong reactions that question the scope of the data.  Explaining the scope of the data in the article would be helpful. For example, 2012 data would imply a full year, while 2013 is not even half way compeleted. Houses with acreage vs. condos would give remarkably different prices and square footage would not necessarily account for what is included in the price.

    Just my two cents smile

  1. Ted Smith said at 2:49 pm on Wednesday June 12, 2013:

    You might want to check out an article I wrote for the Washington Blade on 2/15/13 precisely on the topic of 2012 price/sq. ft. neighborhoods in DC:

    http://www.washingtonblade.com/2013/02/15/top-10-priciest-neighborhoods-in-d-c/

  1. Kevin said at 3:06 pm on Wednesday June 12, 2013:

    20001 is listed as Shaw/Ledroit but it also extends all the way south to include Mt Vernon Triangle and Chinatown.

  1. JoeB said at 3:10 pm on Wednesday June 12, 2013:

    The total cost analysis has value.  It creates a sort of “barrier to entry” for a particular neighborhood, like Scoot alluded to when he mentioned Great Falls being full of mansions.  The cost per sq. ft. is also relevant because it gives a sort of “value for money” analysis people like.  I guess the point is they are different metrics that are useful for different things.  Believe me, there are studies that take as many factors as possible (weather, proximity to amenities, jobs, etc etc.) and analyze the cost based on all of that.  Total cost is useful, so is cost persq. ft., again just for different things.

  1. susan batchelder said at 5:17 pm on Wednesday June 12, 2013:

    the problem with cost/sq. ft. is that often the tax records in VA are wrong (by up to half), agents often don’t put finished sq. footage in listings, tax records in the District often don’t list sq. footage.  if it’s a co-op listing the sq.footage on the tax records is for the entire building.

    Sales data at least comes from public records so it’s reasonably accurate…..square footage is a whole separate ball game

  1. Federal Home Buyers said at 12:54 am on Sunday June 16, 2013:

    It always amaze me there is that much wealth in this region.  We are a service based economy and our largest service sectors are shrinking.  There will always be a top end of the market but we need to diversify the regions employer base.  GovCon, law firms, lobby shops - their business models will all change in the next decade

  1. Federal Home Buyers said at 12:58 am on Sunday June 16, 2013:

    Susan is right too - it can be apples to oranges.

  1. Brett Derocker said at 10:48 am on Wednesday April 9, 2014:

    This is a beautiful home in Georgetown. A signature Georgetown vibe really.

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