District of Columbia

District of Columbia ยท Pop. 689,545

Ranked #185 of 200 counties

22Crisis

Median Home Price

๐Ÿ 

$650K

2.5% YoY

Median Rent

๐Ÿ”‘

$2,200

Median Income

๐Ÿ’ฐ

$90K

Rent Burden

๐Ÿ“Š

34.0%

% of income to rent

Housing Shortage

๐Ÿ—๏ธ

8,000

estimated unit deficit

Building Permits (2024)

๐Ÿ“‹

4,500

Price-to-Income Ratio

โš–๏ธ

7.2x

Homeownership Rate

๐Ÿก

42.0%

How District of Columbia Compares

MetricDistrict of ColumbiaDistrict of ColumbiaNational
Home Price$650K$716K$410K
Rent$2,200$1,904$1,500
Income$90K$108K$75K
Rent Burden34.0%38.0%30.0%
Homeownership42.0%39.0%65.0%

Key Takeaways

  • โ€ข Home prices are 59% above the national average.
  • โ€ข Rent is 47% above the national average.
  • โ€ข The county has an estimated housing shortage of 8,000 units.
  • โ€ข 4,500 building permits were issued in 2024.
  • โ€ข Year-over-year home prices changed by 2.5%.