The DC Homebuyer Versus The Montgomery County Homebuyer
✉️ Want to forward this article? Click here.
The typical homebuyer in DC and Montgomery County is younger and has a higher income than buyers in the rest of the country.
This was one of several nuggets of demographic information released in a recent analysis by the National Association of Realtors that delves into who the typical buyers and sellers are in the DC area.
More specifically, the median homebuyer in DC is 38, five years younger than the median homebuyer in Montgomery County. Millennials, defined as 22-40 years old, comprise over half of buyers in DC and just over one-third of buyers in Montgomery County.
story continues below
loading...story continues above
The typical DC buyer has a higher income and purchases a higher-priced home than the typical Montgomery County buyer, although DC buyers are only getting a 1,600 square-foot two-bedroom compared to the Montgomery County buyer's 2,300 square-foot three-bedroom. DC homebuyers purchase apartment-style units at twice the rate of Montgomery County homebuyers; over half of purchases in Montgomery County are detached houses.
The analysis also supposes what the potential home-seller looks like in each jurisdiction. Both the age and income gaps would narrow, with the average DC seller earning $145,000 at 51 years old compared to the average Montgomery County seller earning $154,000 at 54 years old.
See other articles related to: dc homebuyers, montgomery county homebuyers, national association of realtors
This article originally published at https://dc.urbanturf.com/articles/blog/the-dc-homebuyer-versus-the-montgomery-county-buyer/16634.
Most Popular... This Week • Last 30 Days • Ever
Find your perfect home in Alexandria’s newest luxury condominiums.... read »
Buffett called the five-bedroom listing home when his father, Howard Buffett, was ser... read »
Monument Realty has filed updated plans with Arlington County to redevelop the former... read »
What Republican control could mean for DC; the Post wants people back in the office; ... read »
A single home has come up for sale at Beale Square: an acclaimed, carriage-style town... read »
- A First Look at the The Whitley -- High-End Living in the Heart of Old Town Alexandria
- The Oracle of Spring Valley: Warren Buffett's Childhood Home in DC Hits the Market
- 142-Unit Development At Inn of Rosslyn Site Moves Forward
- Friday's Must Reads
- A Uniquely Private, Carriage-Style Townhome Hits the Market in Bloomingdale
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