0 to 100: The DC Area Zip Codes on Opposite Ends of the Affordability Spectrum
A new study from Trulia looks at zip codes around the country and home affordability based on median income, and the DC area offers some interesting results.

The zip codes inside the Beltway where all homes for sale are affordable to median wage-earning households ($100,000 a year) are all in Prince George's County. Interestingly, the zip codes where there are no affordable homes at the median salary level do not have million-dollar median home prices, but are neighborhoods in Montgomery County and northern Virginia which likely just have a higher barrier for entry, but fewer seven-figure outliers.
story continues below
loading...story continues above
This study identifies the DC-area median income as $100,000, and a median price was only deemed "affordable" if a house (with 20 percent down payment, 30-year fixed-rate mortgage, insurance and property taxes) cost less than 30 percent of the metrowide monthly median income. The median prices are based on April 2019 data, and the median incomes are from the 2017 American Community Survey.
See other articles related to: trulia, housing affordability, affordability
This article originally published at http://dc.urbanturf.com/articles/blog/0-to-100-the-dc-area-zip-codes-on-opposite-ends-of-the-affordability-spectr/15456
Most Popular... This Week • Last 30 Days • Ever

This week’s Best New Listings include a mid-century modern home in Kensington, a bu... read »

UrbanTurf is re-running its primer on property taxes which outlines a few things that... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »

The 11th Street Bridge Park project is progressing through the approval process.... read »

To illustrate the rise in prices, UrbanTurf analyzed four charts that show the path o... read »
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!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro