$335,000 or Less: DC's Five Cheapest Housing Markets
✉️ Want to forward this article? Click here.
For several months, UrbanTurf has been covering DC housing activity on the pricier end of the market. Today, we do the opposite, highlighting some of the least expensive markets in the city.
To determine the most affordable housing markets, we looked at the advertised subdivisions in DC with the lowest median home sales prices this year. (Neighborhoods were required to have at least 20 home sales this year to qualify.) Barry Farm led the way as the most bargain-friendly neighborhood, with a median price of $243,867, followed by Marshall Heights where price have dropped significantly compared to last year.
story continues below
loading...story continues above
The only NW DC neighborhood to make the list is Foggy Bottom, a regular entrant on to the most-affordable list given that the vast majority of home sales in the neighborhood are condos or co-ops.
As seen with the sales price to listing price ratio in the table above, neighborhoods being inexpensive doesn't necessarily mean they aren't competitive. Despite prices rising by 13 percent in Congress Heights, it remains a neighborhood where more often than not, buyers are paying above asking price for homes on the market.
Similar Posts:
- 27 Percent of DC Homes Priced Above $1 Million
- FHA Significantly Expands Eligibility For Would-Be Condo Buyers
See other articles related to: affordable housing prices, dc's least expensive housing markets
This article originally published at https://dc.urbanturf.com/articles/blog/335000-or-less-dcs-five-cheapest-housing-markets/15802.
Most Popular... This Week • Last 30 Days • Ever
Plans to convert a downtown DC office building into a large apartment project continu... read »
Another missing middle development has been proposed along Brookland's main throughfa... read »
Maybe it was falling interest rates or perhaps more homes hitting the market, but buy... read »
Kite House at The Parks at Walter Reed sold seven residences in September alone. The ... read »
A look at the many reasons that prospective homebuyers seeing varying quotes for a 30... read »
- 400-Unit Office-To-Residential Conversion Pitched in DC's West End Heads To BZA
- From One Home to 9 Apartments Along Brookland's Main Drag
- September Surge? Home Sales Pick Up In DC Area, But It May Not Last
- A No Down Payment Assistance Program at Kite House, DC’s Best Selling Condominium
- Why Am I Seeing Different Rates For A 30-Year Mortgage?
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