Home | Newsletter | Advertise
loading...

The 5 DC Zip Codes Where Home Prices Have Dropped the Most in 2022

  • July 20th 2022

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

A home in 20037.

As the tide turns a bit in the regional housing market, UrbanTurf is taking a look at zip codes around DC where home prices have dropped this year. 

Below are the five zip codes with the greatest year-over-year price depreciation so far in 2022; data was culled from Bright MLS.

Click to enlarge.

The 20037 zip code, which includes Foggy Bottom and West End among other neighborhoods, saw home prices drop the most year-over-year, falling nearly 12.5% to $560,000. Hard to figure out what is driving this drop, as the average price for condos/co-ops, the predominant property type, is actually up year-over-year. Home prices fell 7% in the 20008 zip code, thanks to a drop in condo/co-op prices and the prices for larger townhouses. 

20012, where Takoma and Shepherd Park are located, saw prices fall 3% as the result of falling condo/co-op prices as well as the average price for detached homes with three bedrooms. Rounding out the list are the 20017 and 20032 zip codes. 

This article originally published at https://dc.urbanturf.com/articles/blog/the-5-dc-zip-codes-where-home-prices-have-dropped-the-most-in-2022/19894.

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