What's Hot: How Fast Are Homes Selling in DC?
The $820 Roommate Savings in DC
✉️ Want to forward this article? Click here.

Earlier this month, UrbanTurf reported on a study that shows that married couples in the DC area tend to take on roommates to help with housing costs. Now, we have a better idea of the housing cost savings that come with having a roommate.
A new HotPads analysis shows that renters in the region who opt to have a roommate rather than rent a one-bedroom save $820 a month. This estimate assumes a median one-bedroom rent of $1,800 per month and a median bedroom rent of $980 per month.
story continues below
story continues above
In general, the more expensive housing is in a metro area, the more one saves by having a roommate. In more expensive markets like San Francisco and Los Angeles, renters with roommates can save approximately $1,000 a month with a roommate. Nationwide, that savings is $515 a month, as the median one-bedroom rents for $1,320 and the median rent for a room is $805. Renters are increasingly opting for shared living arrangements, with 30 percent living with roommates in 2017 compared to 24 percent of renters in 2007.
Median rents for rooms were calculated based on HotPads listings over the past year, while median rents for a room were calculated using HotPads listings while weighting the data based on Census Data on the number of renter households in a given metro area.
This article originally published at https://dc.urbanturf.com/articles/blog/the-820-roommate-savings-in-dc/15035.
Most Popular... This Week • Last 30 Days • Ever

The interesting conversion plans in the works for an aging downtown DC office buildin... read »

When it comes to financing a home purchase, a 30-year mortgage is one of the most com... read »

While the buildings at The Wharf are generally all finished, there are still a couple... read »

Approximately 34% of renters in the DC region are looking for rentals in other metro ... read »

The DC region has yet to see a surge of new listings hit the market in the face of fe... read »
- Extension Filed For Hybrid Residential Project Pitched For K Street Office Building
- A Look at the Alternatives to a 30-Year Mortgage
- The Final Two Developments On The Boards Around The Wharf
- A Look At The Renters Moving In And Out Of DC
- DC-Area Housing Market Slowed In February, Fewer Homes Hit The Market
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
Unique Spaces
Awesome and unusual real estate from across the DC Metro