$415,000 And Less: DC's Five Most Affordable Markets in 2022

  • December 5th 2022

by UrbanTurf Staff

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Cathedral Heights

Today, UrbanTurf is looking at 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 in 2022, only counting neighborhoods with at least 15 home sales. Most of the neighborhoods listed in the table below have long been known as having relatively affordable homes for sale, although for Cathedral Heights and Foggy Bottom, that affordability is largely due to a high prevalence of condos and co-ops. 

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The least expensive markets in 2022, as has been the case in years past, are split between opposite sides of the city. Barry Farms, a neighborhood east of the Anacostia River, comes in as the least expensive neighborhood with a price of $270,000. The Georgetown-adjacent neighborhood of Foggy Bottom, thanks to 91% of sales being condos and co-ops, comes in second with a median price of $305,000. Rounding out the list are Cathedral Heights, Congress Heights and Deanwood, all neighborhoods with prices well below the city median of $658,000. 

This article originally published at https://dc.urbanturf.com/articles/blog/415000_and_less_dcs_five_most_affordable_markets_in_2022/20377.

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