Home | Newsletter | Advertise
loading...

How DC-Area Renters Lost 95 Square Feet in Five Years

  • April 10th 2019

by Nena Perry-Brown

✉️ Want to forward this article? Click here.

A studio for rent in DC.

DC-area renters are not getting the same bang for their buck that they did five years ago.

An upcoming HotPads analysis estimates that renters in the region pay the same amount for 95 fewer square feet today than they did in 2014. The study concludes that the median rent has risen 7.7 percent to $2,175 in the last five years while the median apartment size in the region has dropped from 1,315 square feet to 1,220 square feet.

Despite getting less space for their money, tenants in the region are still doing better than renters nationwide, who are getting 225 fewer square feet of space, or the equivalent of two fewer bedrooms, than they did five years ago. The median rent nationwide is $1,530 for a median of 1,260 square feet; five years ago, one could rent 1,485 square feet at the same price.

See other articles related to: hotpads, renting, renting in the dc area

This article originally published at https://dc.urbanturf.com/articles/blog/rising-rates-mean-dc-area-renters-lost-95-square-feet/15246.

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