How Much is a Parking Space Worth?
It has been a few years since UrbanTurf examined the cost of a parking spot in and around Washington, DC. So today, we decided to look again at the current market price for a parking place in neighborhoods around the region.
The average price for a parking spot in the DC area really hasn't changed much over the last decade. That average hovers somewhere around $25,000-$30,000, going up and down based on the neighborhood.
story continues below
loading...story continues above
Based on our research, Georgetown, Foggy Bottom and West End boast the highest prices for individual spaces (more on this below). The lowest prices for spots are found east of the Anacostia River.
Here’s a sampling of what we found on the market:
- $10,000 for a surface space in Congress Heights
- $22,500 for a garage space in Van Ness
- $25,000 for a garage space in Hyattsville
- $39,000 for a garage space in SW DC.
- $45,000 for a garage space in Georgetown.
- $50,000 for a garage space in Foggy Bottom.
Like listing prices, the number of days that these spaces have been on the market vary significantly, ranging from a week to almost nine months. The most expensive parking spot to sell in the area over the last year was at the West End Place condos in DC (map). It sold for $70,000 in June of last year.
See other articles related to: parking spots, the cost of parking in dc
This article originally published at https://dc.urbanturf.com/articles/blog/how-much-is-a-parking-space-worth/19324.
Most Popular... This Week • Last 30 Days • Ever
The big news in the development pipeline east of DC's H Street Corridor is the resur... read »
In this article, UrbanTurf looks at the estimated annual maintenance costs associated... read »
Today, UrbanTurf is examining one of our favorite metrics regarding competition in th... read »
Another concept has been unveiled for one of DC's most contentious development sites,... read »
The residential development in the works along Florida Avenue NE is looking to increa... read »
- The 4 Projects In The Works Near DC's Starburst Intersection
- What Are the Annual Maintenance Costs When You Own a Home?
- The 6 Places In The DC Area Where You Aren't The Only One Bidding On a Home
- A First Look At The New Plans For Adams Morgan's SunTrust Plaza
- 46 to 48: The Biggest Project In Trinidad Looks To Get Bigger
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