District of Columbia Real Estate and Livability Trends

In Washington, D.C., median home values spiked from $475,800 in 2015 to around $705,000 by 2022, marking a nearly 48% increase that dwarfs the national growth rate. This surge hints at attractive investment opportunities but also raises barriers for new buyers. Average real estate taxes per return grew from $4,052.91 in 2012 to $6,402.63 by 2021, reflecting higher property values or municipal tax... rates, potentially affecting future homeownership costs. Energizing investments in sustainability, residential energy tax credits peaked at $3,469.59 in 2018, showing a robust commitment to energy efficiency in the region. Moreover, a noticeable drop in farm tax returns to about 0.04% by 2021 indicates a diminished emphasis on agricultural activities. Read more

District of Columbia Market Trends

In Washington, D.C., median home values have surged from $475,800 in 2015 to around $705,000 by 2022, a nearly 48% increase, outpacing the national growth rate. This trend hints at potentially lucrative investment opportunities but may present entry barriers for new buyers. Meanwhile, residential energy tax credits have shown notable growth, peaking at $3,469.59 in 2018, indicating a strong... regional investment in energy-efficient improvements. The average real estate taxes per tax return have also steadily increased from $4,052.91 in 2012 to $6,402.63 by 2021, hinting at rising property values or municipal tax rates, which could affect future homeownership costs. Additionally, the slight decline in farm tax returns to about 0.04% by 2021 suggests a reduced focus on agricultural activities within the area. Read more

Median Value of Occupied Housing Units in District of Columbia Over the Last 8 Years

In the District of Columbia, the median home values have experienced significant growth over the last eight years, increasing from $475,800 in 2015 to $705,000 in 2022. This nearly 48% rise contrasts with national trends, where the median value moved from $125,500 to $179,400 over the same period, representing a 42.96% increase. This disparity suggests the D.C. housing market may offer more robust investment opportunities, although it could also signal higher barriers to entry for new buyers compared to the broader U.S. market.

Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in District of Columbia over the last 10 years

Past Due Date:

Percent of loans 30-60 days late

2.8% last year
Past Due Date:

Percent of loans 90-180 days late

3.4% last year

Active Loans 30-60 Days Past Due in District of Columbia over the last 10 years in District of Columbia

Perent of loans that are Active Loans 90-180 Days Past Due in District of Columbia over the last 10 years in District of Columbia

Residential Energy Tax Credit
$2,258
6% YoY Growth
Average Real State Taxes
$6,403
3% YoY Growth
Percentage of Farm Returns
0.04%
6.36% YoY Growth

Residential Energy Tax Credit Per Tax Return in District of Columbia Over the Last 9 Years

Over the last nine years, the average residential energy tax credit per tax return in Washington, D.C. has shown significant growth, peaking at $3,469.59 in 2018. The substantial increase from $660.00 in 2013 to higher-than-average values in recent years signals strong investments in energy-efficient improvements among residents. This pattern suggests a heightened awareness and adoption of green technologies, making it an attractive area for sustainable real estate and energy-related businesses.

Average Real Estate Taxes Per Tax Return in District of Columbia Over the Last 10 Years

Over the past decade, average real estate taxes per tax return in the District of Columbia have steadily climbed, starting at $4,052.91 in 2012 and reaching up to $6,402.63 by 2021. Notably, there was a significant spike in 2017 with an average of $5,805.98, suggesting a possible real estate market shift or policy change during that year. Investors and potential homeowners might find these trends indicative of increasing property values or higher municipal tax rates. The overall upward trend could impact decisions on purchasing property in the District of Columbia, hinting at an elevated cost of homeownership in the coming years.

Percentage of Farm Returns in District of Columbia Over the Last 10 Years

The percentage of farm tax returns in the District of Columbia over the last decade has shown some minor fluctuations, starting at approximately 0.05% in 2012, slightly peaking around 0.06% in 2013, and then generally decreasing to about 0.04% by 2021. Farm tax returns, which pertain to taxes filed on agricultural income, are a crucial indicator of the farming activity and economic contribution from the agriculture sector in a region. This trend could come across as a sign of reduced agricultural engagement or profitability within D.C., a vital consideration for those eyeing investments or developments in the area, given it could influence land use patterns and economic policies.

Economic Outlook

In the District of Columbia, the average taxable income per tax return has steadily risen from $84,355.69 in 2013 to $135,507.07 in 2021, showcasing the region's vibrant economy. Increased state and local income taxes, from $12,238.29 in 2012 to $27,034.29 in 2021, highlight increased costs of living that could influence economic decisions. The average total tax liability per return also saw a rise, from $18,276.76 in 2012 to $30,486.78 in 2021, reflecting the area's growing financial demands... but also signaling its economic prosperity, making it attractive for investors and developers seeking lucrative opportunities. Read more

Average Taxable Income
$135,507
17% YoY Growth
Average and Local Income
$27,034
21% YoY Growth
Tax Liability
$30,487
13% YoY Growth

Average Taxable Income per Tax Return in District of Columbia over the last 9 years

Over the last nine years, the District of Columbia has seen a notable increase in average taxable income per tax return, rising from $84,355.69 in 2013 to $135,507.07 in 2021. This consistent growth, particularly the sharp rise from 2020 to 2021, highlights the region's economic vitality and potential for high returns on investments. Understanding these trends is crucial for investors, potential residents, and developers seeking opportunities in a thriving financial landscape.

Average State and Local Income Taxes Per Tax Return in District of Columbia Over the Last 10 Years

The District of Columbia has witnessed a notable rise in average state and local income taxes per tax return over the last decade, surging from $12,238.29 in 2012 to $27,034.29 in 2021. This sharp increase highlights escalated taxation, potentially impacting the cost of living and economic decision-making for current and prospective residents.

Average Total Tax Liability Per Tax Return in District of Columbia Over the Last 10 Years

Over the last decade in the District of Columbia, average total tax liability per tax return has consistently increased, climbing from around $18,276.76 in 2012 to a notable $30,486.78 in 2021. This upward trend highlights the growing financial responsibilities for residents and can signal both economic growth and rising incomes in the area. For potential investors, this trend could reflect the increasing affluence and economic development within the District, making it an attractive location for business ventures and real estate investments.

Cost of Living in District of Columbia

Ranking	County	Average Cost
1	District of Columbia	$10,575.20

Demographics

The District of Columbia shows a balanced gender ratio with a slightly higher female population. Educational attainment reveals a substantial segment holding graduate or professional degrees, hinting at a highly educated workforce. The age distribution leans heavily towards young professionals, particularly in the 25 to 34-year-old bracket, reflecting a vibrant, working-age demographic. Racial diversity is notable, with Black or African American individuals forming the largest racial group,... followed closely by Whites. This diversity, combined with high educational levels and a youthful population, shapes a dynamic and educated community. Read more

Race Distribution in District of Columbia (2022)

Educational Attainment in District of Columbia (2022)

Age Distribution in District of Columbia

Citizen Population in District of Columbia (2022)

Political Trends & Data

Washington, D.C.'s dominant Democratic preference in the 2020 U.S. Presidential Election, with nearly 92% of votes, suggests a solidified political landscape. This entrenched political leaning may impact future policy decisions, affecting local governance and potentially even real estate market trends in the district. The scant support for Republicans at just over 5% indicates a significant partisan divide, which could play into broader socio-economic factors influencing housing demand and... development. Read more

Percentage of Votes in the 2020 U.S. Presidential Election by Party

Washington, D.C. saw an overwhelming preference for the Democratic party in the 2020 U.S. Presidential Election, with nearly 92% of the votes. Republicans garnered just over 5%, while Libertarians and Greens barely made a ripple. This strong Democratic leaning could suggest a deeply entrenched political landscape that might shape future elections and policy decisions in the district.

5.40% of voters voted for the Republican party in the 2020 Presidential Election

92.15% of voters voted for the Democrat party in the 2020 Presidential Election

0.59% of voters voted for the Libertarian party in the 2020 Presidential Election

0.50% of voters voted for the Green party in the 2020 Presidential Election

1.36% of voters voted for the Other party in the 2020 Presidential Election

District of Columbia Real Estate Market Trends by County

District Of Columbia Market Trends