District of Columbia Real Estate and Livability Trends
The District of Columbia's real estate market has shown noteworthy trends, with the median value of occupied housing units jumping from $475,800 in 2015 to $705,000 in 2022, outpacing the national increase. This surge likely hints at strong demand and limited inventory, making it appealing for investors. Additionally, the declining poverty rate from 17.4% in 2013 to 11.8% in 2022 could signal... Read more
District of Columbia Market Trends
The District of Columbia has seen the median value of occupied housing units soar from $475,800 in 2015 to $705,000 in 2022, a striking contrast to the national increase from $125,500 to $179,400. This sharp rise likely indicates strong demand and possibly tighter inventory, making it a hot spot for investors looking for appreciation potential. For residents and prospective buyers, this trend... Read more
Median Value of Occupied Housing Units in District of Columbia, District of Columbia Over the Last 8 Years
The District of Columbia has experienced a significant rise in the median value of occupied housing units over the past eight years, with values jumping from $475,800 in 2015 to $705,000 in 2022. This is particularly striking when compared to the national trend where the median value increased from $125,500 to $179,400 over the same period. This steep increase in home values in D.C. could signal strong demand and possibly tighter inventory, making it an area of interest for investors eyeing appreciation potential. For residents and prospective buyers, understanding this market trend could be crucial, as it suggests a rapidly appreciating real estate market vastly outpacing national averages.
Economic Outlook
The percentage of people living under the poverty line in the District of Columbia has generally decreased over the past decade, dropping from 17.4% in 2013 to 11.8% in 2022. An interesting point is the significant dip to 12.0% in 2019, bringing it near the national average of 11.6%. Though there was a brief rise in 2020, likely due to COVID-19, the overall trend suggests improving economic conditions. This may hint at increasing stability, potentially making the District of Columbia a... Read more
Cost of Living in District of Columbia
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,162 | $1,906 | $2,200 | $3,362 | $2,818 |
| 1 adult 4 children | $2,162 | $1,557 | $1,711 | $3,362 | $2,912 |
| 2 adults 3 children | $2,162 | $1,557 | $1,895 | $3,362 | $2,496 |
| 1 adult 3 children | $2,162 | $1,271 | $1,405 | $3,362 | $2,680 |
| 2 adults 2 children | $1,729 | $1,275 | $1,590 | $2,905 | $1,929 |
| 1 adult 2 children | $1,729 | $952 | $1,100 | $2,905 | $2,095 |
| 2 adults 1 child | $1,729 | $1,007 | $1,284 | $1,420 | $1,305 |
| 1 adult 1 child | $1,729 | $651 | $795 | $1,420 | $1,330 |
| 2 adults | $1,519 | $809 | $979 | $0 | $893 |
| 1 adult | $1,495 | $441 | $490 | $0 | $807 |
Demographics
The population of the District of Columbia exhibits interesting demographic trends. While there is a slight majority of females compared to males, with 267,325 females and 236,359 males, the city's educational attainment shows a notable skew towards higher education, as a significant portion has a bachelor's degree or higher. Age-wise, the largest group falls in the 25 to 34-year range, hinting at a young, possibly career-driven populace. Racially, the area has a diverse makeup, with a nearly... Read more
Race Distribution in District of Columbia, District of Columbia (2022)
Educational Attainment in District of Columbia, District of Columbia (2022)
Age Distribution in District of Columbia, District of Columbia
Citizen Population in District of Columbia, District of Columbia (2022)
Political Trends & Data
The real estate market in District of Columbia may subtly reflect its overwhelmingly Democratic voting trends, possibly hinting at a local demographic with progressive leanings or policy preferences. This political climate could influence market dynamics, with buyers and sellers potentially prioritizing factors like community development, sustainable building practices, or access to public amenities aligned with progressive values. Significant lower shares of Republican and third-party votes... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
District Of Columbia trends heavily Democratic, with an overwhelming majority of votes showing as being cast for the Democratic candidate, potentially indicating a strong liberal presence in the area. The Republican and other smaller party shares are significantly lower, which might reflect a political landscape that is less favorable to conservative and third-party platforms. This concentration could suggest a local demographic with progressive leanings or policy preferences.
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 Livertarian 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
