$340,000 or Less: DC's Five Most Affordable Neighborhoods in 2019
Last week, UrbanTurf highlighted the neighborhoods in DC where the median home price in 2019 was at least $1 million. Today, we highlight the five neighborhoods that were the most affordable for homebuyers.
To determine the most affordable housing markets, we looked at the advertised subdivisions in DC with the lowest median home prices in 2019, only counting neighborhoods with at least 16 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 and Foggy Bottom, that affordability is largely due to the prevalence of condos and co-ops in those neighborhoods. All of the units sold in Van Ness last year were condos or co-ops, while those units accounted for 93% of the sales in Foggy Bottom.
story continues belowloading...
story continues above
The other three neighborhoods listed are all east of the Anacostia River, and of those, Barry Farms is the only one where condos accounted for more than one in four sales.
Out of all the above neighborhoods, Congress Heights is the only one where the average listing sold for above asking price. With that in mind, it makes sense that Congress Heights and Marshall Heights are the only two of the five least-expensive neighborhoods where the median sales price went up between 2018 and 2019.
For comparison purposes, below is the table of the cheapest DC housing markets in DC in 2018.
See other articles related to: affordability, dc's least expensive housing markets
This article originally published at https://dc.urbanturf.com/articles/blog/dcs-five-most-affordable-neighborhoods-for-homebuying/16359.
Most Popular... This Week • Last 30 Days • Ever
Ten years later, plans to construct nearly 150 townhomes at DC's most hotly debated d... read »
LEGO lovers will likely be first in line for the National Building Museum's latest ex... read »
JBG Smith has plans for a seven-story project along Crystal Drive.... read »
The "trailer park" where homes sell for millions; a renters utopia; and ideas for whe... read »
Airbnb's party crackdown; the return of Adams Morgan; the resurgence of Cleveland Par... read »
Virginia's homebuyer assistance programs can seem complex. This edition of First-Time... read »
The residential projects that have sprouted up on the Maryland and DC sides of the Fr... read »
With a groundbreaking ceremony on Wednesday, the redevelopment of the Georgetown Wes... read »
The 23,600 square-foot mansion just hit the market, and would set a record if it fetc... read »
The immaculately kept 100-year-old house features six bedrooms and four-and-a-half ba... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
- First-Timer Primer: Virginia's Home Buyer Assistance Programs
- Mall Conversions, Trader Joes? The 1,500 Units in the Friendship Heights Pipeline
- The Four Seasons Private Residences in Georgetown Break Ground
- DC's Blaine Mansion Lists For $30 Million, A Potentially Record-Setting Price in the City
- Now Selling: A 16th Street Heights Victorian on an Island of Its Own
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. Visit guides.urbanturf.com or start browsing below!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro