Property Prices in Washington, DC, United States

Index Info
Price to Income Ratio: 4.86
Mortgage as Percentage of Income: 38.39%
Loan Affordability Index: 2.60
Price to Rent Ratio - City Centre: 13.44
Price to Rent Ratio - Outside of Centre: 10.22
Gross Rental Yield (City Centre): 7.44%
Gross Rental Yield (Outside of Centre): 9.78%
Rent Per Month
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Apartment (1 bedroom) in City Centre 2,347.40 $ 2,000.00-3,000.00
Apartment (1 bedroom) Outside of Centre 1,908.82 $ 1,650.00-2,200.00
Apartment (3 bedrooms) in City Centre 4,938.46 $ 4,000.00-6,000.00
Apartment (3 bedrooms) Outside of Centre 3,330.77 $ 2,500.00-4,000.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 687.99 $ 500.00-909.05
Price per Square Feet to Buy Apartment Outside of Centre 390.00 $ 250.00-600.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 5,968.72 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.97 3.00-5.43

These data are based on 174 entries in the past 18 months from 47 different contributors.
Last update: March 2023

Sources and References
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