Home | Newsletter | Advertise
loading...

Single-Family Home Prices in DC Rose Fourfold in 25 Years

  • May 4th 2017

by Nena Perry-Brown

Single-Family Home Prices in DC Rose Fourfold in 25 Years: Figure 1
Home price growth 1991-2016

A new analysis out yesterday reveals that over the past 25 years, the value of single-family homes in DC has grown four-fold — nearly twice the appreciation seen in the DC area and in the nation overall.

As District, Measured explains, while this price growth works out to an average annual increase of 5.9 percent (compared to 3.4 and 3.1 percent respectively in the DC area and the U.S.), the lion’s share of the appreciation occurred after 2002.

“When price growth started to pick up after 2002, DC’s increased faster. In the 14 years from 2002 to 2016, DC’s grew 147 percent, compared to 55 percent in the metro area and 36 percent in the US,” the report states. It also helps that the recession had a much more tempered effect on the DC housing market than elsewhere.

Price growth this steep is somewhat misleading when one considers that traditional single-family houses are not the majority of DC’s housing stock. The relatively static supply of single-family homes in the District cannot keep up with the demand for this housing type.

The data for this report was gleaned from the Federal Housing Finance Agency, which has collected home price information quarterly since 1991.

This article originally published at https://dc.urbanturf.com/articles/blog/prices_of_dc_sfhs_rose_fourfold_in_25_years/12528.

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!

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