Home | Newsletter | Advertise
loading...

How Much Is A Parking Space Worth?

  • March 5th 2024

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

parking.jpg
A parking space for sale in Dupont Circle.

It has been a couple years since UrbanTurf examined the cost of a parking spot in Washington, DC. So today, we decided to look again at the current market price for a parking place in neighborhoods around the city.

The average price for a parking spot in DC 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, Dupont Circle and Foggy Bottom boast some of the highest prices for individual spaces. The lowest prices for spots are found in Columbia Heights and Brookland. 

Here’s a sampling of what we found on the market:

  • $11,500 for a small garage space in Columbia Heights.
  • $16,000 for a garage parking space in Brookland.
  • $40,000 for a garage space in Dupont Circle.
  • $42,000 for a garage space in Logan Circle. 
  • $50,000 for a garage space in Foggy Bottom.
  • $90,000 for a full garage in Adams Morgan.

Like listing prices, the number of days that these spaces have been on the market vary significantly, ranging from a week to almost two years. The most expensive parking spot to sell in the city over the last year was a $53,000 space in Adams Morgan.

See other articles related to: parking dc, the cost of parking in dc

This article originally published at https://dc.urbanturf.com/articles/blog/how_much_is_a_parking_space_worth/22040.

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

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse