In light of a new Zillow report on how home values in various zip codes have recovered post-housing bubble, UrbanTurf is taking a look at how far home values in DC have come based on where they are located.
Leading the way in DC is the 20002 zip code, which includes neighborhoods like Trinidad, the northern section of Capitol Hill, Kingman Park, Eckington as well as Union Market. 20002 has seen both the largest share of properties recovering to peak housing values, and the largest home price increases in the city.
The 20024 and 20017 zip codes had nearly the same share of homes recovering to peak values, at 98.9 and 98.8 percent respectively. What separates the two are the jump in property values: in the former, which encompasses the majority of the Southwest quadrant to include the Wharf development, median home values have risen by 26 percent, while in the latter, which includes a swath of Northeast between Michigan Park and Brookland, the median home value rose by 45.7 percent.
Another stand-out zip code for home prices is 20010, which is a narrow section of the city from Park View to Mount Pleasant. Appreciating by 64 percent from the peak of the housing bubble, median home values here took the second-biggest leap observed in DC proper.
Metro-wide, housing values still have not yet reached the highs of the housing bubble, remaining, at $401,000, nearly 8 percent below the peak. Housing values from the report are from the Zillow Home Value Index; the bubble housing values have not been adjusted for inflation.
This article originally published at https://dc.urbanturf.com/articles/blog/the-20002-zip-code-tops-in-housing-value-beating-the-pre-recession-peak/14666.
Most Popular... This Week • Last 30 Days • Ever
The Washington Nationals great didn't move out of the area, though.... read »
The large new residential building is just the latest development pitched near the ba... read »
UrbanTurf put together a quick primer on the ins and outs of a home auction.... read »
Foulger Pratt has plans to turn the 12-story office building at 1133 19th Street NW i... read »
As the Capitol Riverfront neighborhood nears its development capacity, a new effort p... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
This Week's Find is one of the more interesting homes in DC's Foxhall neighborhood. ... read »
The mall will be reimagined as a 7-story, 325-unit apartment project with 25,000 squa... read »
While DC's rising home prices have been the story for years, there are some areas of ... read »
Brookfield Properties and the Menkiti Group have filed a second-stage planned unit de... read »
With this weekend's DC houseboat tour a day away, UrbanTurf thought it only fitting t... read »
President Obama travels to Denver this morning to sign the stimulus bill that has bee... read »
In this week's installment of Ask An Agent, a reader wonders if there is a rule for h... read »
As The Wharf prepares to begin construction, DC's houseboat community heads to its ne... read »
In this week's installment of Ask An Agent, a reader asks a fairly common question th... read »
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!
Intro guides for first-time home buyers
Awesome and unusual real estate from across the DC Metro