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Where Are The Most Expensive Zip Codes In the DC Area?

  • June 12, 2013

by Shilpi Paul

Where Are The Most Expensive Zip Codes In the DC Area?: Figure 1
One of Georgetown’s most expensive homes.

As the headline from Monday’s RBI report stated, home prices in the DC area continue to climb to record highs. But where exactly are buyers shelling out the most to buy a new home?

RealEstate Business Intelligence provided UrbanTurf with data regarding the zip codes in both DC and the metro area with the highest median sales prices so far in 2013.

Below are the ten most expensive zip codes in the District.

Where Are The Most Expensive Zip Codes In the DC Area?: Figure 2

Unsurprisingly, 20007, the zip code that encompasses neighborhoods like Georgetown and Burleith, took the top spot with a median sales price of $841,000 (largely unchanged since last year). However, there are a couple zip codes on the list that made huge jumps: 20003, which encompasses Capitol Hill, Hill East and Capitol Riverfront, leapt from a median of $483,000 in 2012 to $595,000 this year. 20002, which is home to the northern side of Capitol Hill, H Street, Trinidad and other areas, also saw significant price increases, from $399,900 to $491,500.

Though it’s not on the list above, the DC zip code that saw the largest increase in price, percentage-wise, is 20020, home to Anacostia and Hillcrest. The median sales price jumped from $129,000 in 2012 to $194,000 in 2013, an increase of 50.4 percent. For more on why that happened, click here.

Next, here are the top ten most expensive zip codes in the entire region.

Where Are The Most Expensive Zip Codes In the DC Area?: Figure 3

On this list, all ten of the zip codes have median prices at or above $755,000. The most expensive is 22066, the zip code that encompasses Great Falls along the Potomac, where the median sales price is $983,500. All of the zip codes on the list have remained consistently pricey, year-over-year; not one median price increased by more than 13 percent between 2012 and 2013.

The zip code that has undergone the largest shift since last year is 22044, which encompasses the area just to the southwest of Seven Corners in Falls Church. The median sales price went from $197,050 to $522,500, an increase of an astounding 165.2 percent. UrbanTurf is exploring the reason for that wild jump.

See other articles related to: zip codes, realestate business intelligence

This article originally published at http://dc.urbanturf.com/articles/blog/where_are_the_most_expensive_zip_codes_in_the_area/7186

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