Property Prices in Washington, DC, United States

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Index
Price to Income Ratio:	8.82
Mortgage as Percentage of Income:	79.92%
Loan Affordability Index:	1.25
Price to Rent Ratio - City Centre:	18.16
Price to Rent Ratio - Outside of Centre:	17.53
Gross Rental Yield (City Centre):	5.51%
Gross Rental Yield (Outside of Centre):	5.70%

Rent Per Month	Edit	Range
Apartment (1 bedroom) in City Centre	2,609.00 $	2,100.00-3,300.00
Apartment (1 bedroom) Outside of Centre	2,076.09 $	1,800.00-2,600.00
Apartment (3 bedrooms) in City Centre	5,593.48 $	4,500.00-7,600.00
Apartment (3 bedrooms) Outside of Centre	3,985.75 $	3,500.00-5,566.00
Buy Apartment Price	Edit
Price per Square Feet to Buy Apartment in City Centre	1,042.97 $	600.00-1,499.99
Price per Square Feet to Buy Apartment Outside of Centre	759.76 $	440.00-929.02
Salaries And Financing	Edit
Average Monthly Net Salary (After Tax)	5,501.08 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate	6.66	6.00-7.75

These data are based on 251 entries in the past 18 months from 47 different contributors.
Last update: July 2024

Sources and References

Nearby cities:

Property Prices in Arlington, Virginia	4.38 miles
Property Prices in Chevy Chase, Maryland	7.01 miles
Property Prices in Springfield, Virginia	13.51 miles
Property Prices in Rockville, Maryland	17.91 miles
Property Prices in Baltimore, Maryland	38.92 miles
Property Prices in Fredericksburg, Virginia	52.45 miles
Property Prices in Lexington Park, Maryland	61.00 miles
Property Prices in Richmond, Virginia	106.83 miles
Property Prices in Lancaster, Pennsylvania	113.70 miles
Property Prices in Harrisburg, Pennsylvania	117.62 miles

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country data (source The World Bank, 2024)
GDP Per Capita ($) :	64,600.00
GDP Growth Rate:	1.94%
Population Growth Rate:	0.68%