Today, UrbanTurf is taking a look at the areas around DC that have seen the highest home price appreciation so far in 2023.
In the table below, we outline the six zip codes that have seen the largest percentage increase in home values this year. In order to qualify for the list, a zip code had to record at least 20 sales in 2023.
The two zip codes leading the way in the region are fairly close to one another. The DC zip code of 20016, which encompasses American University Park, Spring Valley and Kent, saw prices rise nearly 60% in the first three months of the year. The Bethesda, MD zip code 20814 is not too far behind in appreciation, as prices there have risen 46% in the first quarter of 2023.
Rounding out the list are three zip codes where prices have risen 37%-38%. Those areas include the 22102 McLean zip code, 23307 in Alexandria and 20910, which covers downtown Silver Spring and some of the surrounding areas.
A similarity for almost all these zip codes is a lack of homes for sale. With the exception of McLean, all the areas have less than a one-month supply of homes for sale.
Photo Courtesy Constance Gauthier.
This article originally published at https://dc.urbanturf.com/articles/blog/the_5_dc-area_zip_code_where_home_prices_have_appreciated_the_most_in_2023/20907.
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