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Median home value in Washington, D.C., as of 2020, was $617,900, making the city the #4 most expensive in the country. Rents and mortgages are 2.8 times higher than the national average. [3] The median rent in 2018 was $1,487. [8]
Washington. Average Monthly Rent for: Overall: $1,518.00. One Bedroom: $1,292.40. Two Bedroom: $1,462.20. Read Next: 6 Best Florida Suburbs to Buy Property in the Next 5 Years, According to Real ...
Average monthly rent for a single-family residence: $804. ... Washington. Median list price for a single-family residence: $383,002. Average monthly rent for a single-family residence: $1,490.
An investigation by The Washington Post in 2023 found that DCHA overpaid rents to landlords by millions of dollars. DCHA pays for the rent of 15,000 low-income households each year. Regulations require the Housing Authority to make sure that rents it pays for are market rate, but the investigation found that it failed to do so. [8]
With the national average rent of $1,739 for a 900-square-foot apartment, per RentCafe, low-wage earners can’t afford to live on a salary of $15,000 a year.
While the White population of DC represents 43.6% of the total, part of this grouping includes a number of European-born residents, who range from expats to dual citizens. There are 18,359 foreign-born European DC residents. [42] The largest groups include 2,407 from the United Kingdom, 2,271 from Germany, 2,103 from France, and 899 from Italy.