$105,000: The Difference 5 Years Makes in DC Home Prices
This has been a record-breaking year for the DC housing market, particularly when it comes to home prices. Today, UrbanTurf tries to put the rise of prices in context with a look at how they have fared over the past five years.
Between 2015 and 2020, the median home price citywide has risen roughly 20%, or $105,000, increasing from $520,000 to $625,000. Below, we pull some data from a sample of DC neighborhoods to get a look at how prices have fared on a more granular level.
story continues below
loading...story continues above
Perhaps unsurprisingly, the neighborhoods with the most significant price jumps over the last five years are both east of the River: in Congress Heights and Anacostia, prices have gone up by a 67.8% and 65%, respectively.
Neighboring neighborhoods Spring Valley and American University Park saw the highest dollar-amount home price increase despite having percentage price increases closer to the citywide median. In these subdivisions, prices rose by $350,750 and $343,000, respectively.
Georgetown and Columbia Heights had the smallest margins of price growth of the neighborhoods observed, both with appreciation closer to half of the citywide median and five-digit price increases.
Photo courtesy of HomeVisit.
See other articles related to: dc home prices, home prices, median home prices
This article originally published at https://dc.urbanturf.com/articles/blog/105000-the-difference-5-years-makes-in-dc-home-prices/17566.
Most Popular... This Week • Last 30 Days • Ever
In this article, UrbanTurf will explain what special assessments are, how they work, ... read »
Plans are moving forward at the site of a long-planned project in Ivy City, however w... read »
Nearly 1,400 residential units are on the boards around Union Market, about the same ... read »
Up 8% year-over-year, it is the first time that prices have exceeded $800,000 for det... read »
If there was ever a place where the old adage “one man’s trash is another man’s... read »
- What Are Special Assessments in Condo Buildings and What Do They Cover?
- Douglas Development Pitches Large Warehouse For New City Site Along New York Avenue
- Hotels, A Public Park and The 1,400 Units In The Works For Union Market
- The Price For A House in The DC Area Hit A New High in April
- Tile, Furniture, Appliances & (Much) More -- The Local Warehouse Chock Full of Salvaged Home Goods
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. 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