$400,000 Or Less: DC's Five Most Affordable Neighborhoods in 2023

  • September 27th 2023

by UrbanTurf Staff

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A home in Deanwood.

Today, we highlight the five DC neighborhoods that have been the most affordable to homebuyers this year. 

For this article, we looked at the advertised subdivisions in the city with the lowest median home prices so far in 2023, only counting neighborhoods with at least 20 home sales. Most of the neighborhoods listed in the table below have long been known as having relatively affordable homes for sale, although for places like Foggy Bottom, that affordability is largely due to a high prevalence of condos and co-ops. 

Click to enlarge.

With the exception of the Georgetown-adjacent neighborhood of Foggy Bottom, where 92% of sales were condos and co-ops, most of the affordable neighborhoods are located in Wards 7 and 8.

Hillcrest has the least expensive homes for sale, thanks to a drop in home prices this year driven by smaller listings selling compared to 2022. Rounding out the list are Barry Farms, Randle Heights and Deanwood, all neighborhoods with prices well below the city median of $625,000. 

Photo courtesy of HD Bros. 

See other articles related to: dc's most affordable neighborhoods

This article originally published at https://dc.urbanturf.com/articles/blog/400000_or_less_dcs_five_most_affordable_neighborhoods_in_2023/21514.

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