District of Columbia
District of Columbia ยท Pop. 689,545
Ranked #185 of 200 counties
22Crisis
Median Home Price
๐$650K
2.5% YoY
Median Rent
๐$2,200
Median Income
๐ฐ$90K
Rent Burden
๐34.0%
% of income to rent
Housing Shortage
๐๏ธ8,000
estimated unit deficit
Building Permits (2024)
๐4,500
Price-to-Income Ratio
โ๏ธ7.2x
Homeownership Rate
๐ก42.0%
How District of Columbia Compares
| Metric | District of Columbia | 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% |
| Homeownership | 42.0% | 39.0% | 65.0% |
Key Takeaways
- โข Home prices are 59% above the national average.
- โข Rent is 47% above the national average.
- โข The county has an estimated housing shortage of 8,000 units.
- โข 4,500 building permits were issued in 2024.
- โข Year-over-year home prices changed by 2.5%.