Old Town, Bethesda, Capitol Hill Most Desired Neighborhoods, Survey Finds

• April 21, 2015
• 4 Comments

by Lark Turner

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):

Click to enlarge.

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

4 Comments

1. Mike25 said at 6:30 pm on Tuesday April 21, 2015:
   Really? No one wants to live in Georgetown anymore? 6% of folks would choose Rockville over all other neighborhoods? I find that really hard to believe.

1. yogeshu said at 8:07 pm on Tuesday April 21, 2015:
   No one wants to live in south-west water front? I though Georgetown and DuPont Circle, Logan Circle, Kalorama should be on the top of the list.

1. Brett said at 4:56 pm on Wednesday April 22, 2015:
   Yeah, it's extremely hard to believe that Georgetown, Logan Circle, U Street aren't even on the list. I'd want to live in Georgetown before Old Town.

1. BrianLarkin said at 9:29 pm on Saturday May 9, 2015:
   I'd like to see the survey questionnaire and I'd like to know about the survey base.