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.
Most Popular... This Week • Last 30 Days • Ever
The storied unit along P Street is now looking for a new owner.... read »
There are five projects in the works around Audi Field which could bring nearly thous... read »
The news anchor dropped the price for his sprawling DC home, but it still could set a... read »
DC is getting close to meeting Mayor Muriel Bowser's goal of producing 36,000 new ho... read »
The development pitched for the site of a Goodwill store in Arlington got the key app... read »
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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro