Why Live in Washington
Washington DC's cultural treasures extend far beyond its role as the nation's capital. The National Mall connects iconic landmarks from the Capitol Building to the Lincoln Memorial, while 19 free Smithsonian museums showcase everything from space exploration to natural history. Residents enjoy exclusive access to world renowned institutions like the National Gallery of Art and the new National Museum of African American History and Culture. The dining scene features Michelin-starred restaurants including the innovative Minibar by José Andrés and the refined Pineapple & Pearls, alongside historic establishments like Old Ebbitt Grill near the White House.
The housing market varies significantly by neighborhood. In Georgetown, townhouses have a median price of $2,175,000, while Capitol Hill townhouses have a median price of $1,103,800. Single family homes in Cleveland Park have a median price of $1,800,000. Condos present more affordable options: one bedroom units in Dupont Circle have a median price of $397,500, while Navy Yard one bedroom condos have a median price of $469,700.
Living costs in Washington DC run 40.4% above the national average. A family with school age children needs $147,000 annually to live comfortably, with $63,000 going to housing and $20,000 to groceries. The 6% sales tax rate applies citywide. Property taxes in DC compare favorably to nearby cities, with Arlington at 0.9% and Alexandria at 0.99%.
The city's educational landscape includes top rated public schools like Alice Deal Middle School and Benjamin Banneker Academic High School, plus prestigious private institutions such as Georgetown Day School and Sidwell Friends School. Major universities including Georgetown, George Washington, and Howard add to the academic environment. The extensive Metro system and walkable neighborhoods make car ownership optional for many residents.
Home Trends in Washington, DC
On average, homes in Washington, DC sell after 54 days on the market compared to the national average of 50 days. The median sale price for homes in Washington, DC over the last 12 months is $645,000, up 2% from the median home sale price over the previous 12 months.
Median Sale Price
$645,000
Median Single Family Sale Price
$750,000
Median Townhouse Sale Price
$840,000
Median 2 Bedroom Sale Price
$595,000
Median 1 Bedroom Sale Price
$380,000
Average Price Per Sq Ft
$507
Number of Homes for Sale
3,110
Last 12 months Home Sales
6,012
Median List Price
$625,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
2%