Last week, UrbanTurf highlighted how much home prices rose in DC's million-dollar neighborhoods in 2021. Today, we highlight the five neighborhoods that were the most affordable for homebuyers last year.
For this article, we looked at the advertised subdivisions in DC with the lowest median home prices in 2021, 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 Van Ness, Cathedral Heights and Foggy Bottom, that affordability is largely due to a high prevalence of condos and co-ops.
The least expensive markets are split between opposite sides of the city, with Van Ness, a neighborhood between Cleveland Park and Chevy Chase, the most bargain-friendly with a median price of $229,000. In Van Ness as well as Barry Farms which is east of the Anacostia River, home prices fell annually which certainly wasn't the norm for the city last year. Rounding out the list are Foggy Bottom, Cathedral Heights and Randle Heights, all neighborhoods with prices well below the city median.
This article originally published at https://dc.urbanturf.com/articles/blog/408000-or-less-dcs-five-most-affordable-neighborhoods-in-2021/19255.
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