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How Much is a Parking Space Worth?

  • February 28th 2022

by UrbanTurf Staff

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A parking space on the market in Georgetown.

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.

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:

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.

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