Houses on South Washington Street in Old Town Alexandria.
DC-area residents want to live in Old Town Alexandria above all else, according to a survey from Charles Schwab released Tuesday.
The survey, which interviewed subjects across the DC area, asked participants: “If money were no object, where in the Washington, D.C. area would you like to live?” In response, 21 percent replied that Old Town was their ‘hood of choice. Up next were Bethesda (12 percent), Capitol Hill (8 percent) and Chevy Chase (7 percent).
The study also asked participants what was keeping them from living in those desirable neighborhoods. The overwhelming response? Cost. And on that topic, 40 percent said DC’s cost of living had the biggest impact on their ability to make financial decisions.
Here are the results from the neighborhood portion of the survey (you can read it in full here):
Also on the subject of cost, the survey asked participants about how much net worth it takes to be well-off in DC. The answer was a staggering $1.25 million to be “wealthy” in Washington. At a net worth of $270,000, a person is “comfortable,” survey respondents said.
This article originally published at http://dc.urbanturf.com/articles/blog/the_most_desired_neighborhoods_in_the_dc_area/9793
Most Popular... This Week • Last 30 Days • Ever
Landmark Theatres is in the final stages of negotiations that would have it operating... read »
The housing market last month was not as hot as September 2020, but that is probably ... read »
The next phase on the Center Block would deliver 166 apartments and 221 hotel rooms.... read »
DC's crane count still ranks as one of the highest among U.S. cities despite a declin... read »
The latest installment of Above Asking revisits two recently-featured listings in the... read »
UrbanTurf has compiled virtual looks at large new developments around the DC region.... read »
The preferred mortgage product among most home buyers is the fixed-rate mortgage. How... read »
STAY DC provides rental aid and utility payment grants to at-risk District residents ... read »
The yet-to-be-built home may set a new bar for luxury in the residential real estate ... read »
Federal Realty plans to eventually file a planned unit development application for th... 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