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$100,000: The Difference 5 Years Makes in DC Home Prices
If you bought a home in DC back in 2013, new data reveals that you have made a tidy return on your investment. A new analysis by UrbanTurf takes a look at the trajectory of home prices in the last five years.
The median home price in DC has risen about 20 percent or $95,000 since 2013, increasing from $475,000 citywide to $570,000 last year. However as the chart below reveals, the price movement has had valleys and peaks. In the first quarter of every year, prices typically dipped, as is expected in the slower winter months. Median prices reached their highest level in the second and third quarters of each year when the housing market was in full swing.
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As is always the case, how much homes appreciated in price depends on where they are in the city, and two neighborhoods east of the Anacostia River are leading the way. In Congress Heights and Anacostia, prices have jumped 108% and 94.8%, respectively. A selection of other neighborhoods below show the varying appreciation across the city.
See other articles related to: dc home price apprecitation, dc housing prices
This article originally published at https://dc.urbanturf.com/articles/blog/100000-the-difference-5-years-makes-in-dc-home-prices/15100.
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