Washington, DC
District of Columbia County · Pop. 678,972
Ranked #208 of 243 cities
22Crisis
Median Home Price
🏠$650K
2.5% YoY
Median Rent
🔑$2,200
2.0% YoY
Median Income
💰$90K
Rent Burden
📊34.0%
% of income to rent
Income to Buy
🏦$187K
annual income needed
Income to Rent
📝$88K
annual income needed
Price-to-Income
⚖️7.2x
Homeownership
🏡42.0%
Rent vs. Buy
Buy
$3,460/mo
Est. mortgage (7%, 20% down)
Need $187K/yr income
Rent
$2,200/mo
Median rent
Need $88K/yr income
How Washington Compares
| Metric | Washington | District of Columbia | National |
|---|---|---|---|
| Home Price | $650K | $716K | $410K |
| Rent | $2,200 | $1,904 | $1,500 |
| Income | $90K | $108K | $75K |
| Rent Burden | 34.0% | 38.0% | 30.0% |
Key Takeaways
- • Home prices in Washington are 59% higher than the national average.
- • Rent is 47% higher than the national average.
- • You need an income of $187K to comfortably buy a home here.
- • The homeownership rate is 42.0%, compared to 65.0% nationally.