DC-Area Renters Need to Earn $81,560 to Afford Median Rent, Per Report
✉️ Want to forward this article? Click here.
A new report estimates how much DC-area renters need to earn in order to afford rent in the region.
Redfin recently found that a renter needs to have an income of approximately $81,560 in order to afford the median rent of $2,039 a month in the DC area. Surprisingly perhaps for some UrbanTurf readers, that makes the region one of the more affordable metros for renters in the country.

Nationally, renters need to earn $63,680 to afford the median asking rent of $1,592 a month. That income level is the lowest it has been in almost three years.
“Rental affordability will continue improving this year, as wages grow and rents remain flat, thanks to the recent boom in apartment construction,” said Redfin Senior Economist Sheharyar Bokhari.
This article originally published at https://dc.urbanturf.com/articles/blog/dc-area_renters_need_to_earn_81560_to_afford_median_rent_per_report/23106.
Most Popular... This Week • Last 30 Days • Ever

Today, UrbanTurf takes a look at the latest with the residential (and some of the com... read »

The mortgage interest deduction allows homeowners who itemize their taxes to reduce t... read »

Canal House, a Tribute Portfolio hotel, will open near the C&O Canal later this month... read »

While tariffs are often discussed in the context of their effects on manufacturing, a... read »

The new project will be located at a site that the developer purchased several years ... read »
- Jose Andres, Heating Plants And The 10 Developments Coming To Georgetown
- How Does The Mortgage Interest Deduction Work?
- Marriott Set To Open 105-Room Boutique Hotel in Georgetown This Month
- How Will New Tariffs Affect The Housing Market
- Jair Lynch Pitches 8-Story, 203-Unit Development For Arlington's Barcroft Neighborhood
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