Once associated with crime and urban neglect, Trinidad continues its steady evolvement, offering competitive real estate prices and an interesting blend of architectural styles. A recent report from the DC Tax Revision Commission included Trinidad as one of 18 DC neighborhoods transitioning into a new phase. “Transitioning” of course, is code for gentrification, and also an indicator that property taxes here will soon be on the rise.
Located in DC’s Ward 5, Trinidad is bounded by the neighboring communities of Ivy City to the north, Carver/Langston to the east and H Street to the south. H Street with its arts, food and entertainment, is synonymous with the Atlas District, named after the restored Atlas Performing Arts Center. Trinidad used to be known for an older, blue collar population but is now diversifying into a younger, hipper crowd.
Trinidad real estate for sale is largely driven by rowhouse condos, although there are some single-family detached homes—small cottages and brick Colonials mostly. The rowhouses themselves, many of which were built between 1915 and the 1930’s, present a more basic and unadorned, Federalist-inspired style, compared to their Victorian and Beaux-Arts counterparts in other parts of the District.
The relative affordability of homes in Trinidad compared to the rest of DC, has had the expected effect of driving prices upward—real estate values have jumped an eye-popping 26 percent over the past year. Zillow predicts that values will climb an additional 11 percent over the next 12 months. The local market is currently at a neutral balance between buyers and sellers, with an average list price of $345,000.
As Trindad’s popularity grows and its prices climb, an alliance is building between both new and older residents who are not necessarily eager to see the neighborhood go the way of ultra-gentrified and upscale neighborhoods to the northwest, such as Adams Morgan and Logan Circle. It’s a bit of a balancing act, with community and business leaders striving to boost the local economy and improve parks, schools and community resources, while retaining a sense of community that, despite the new influx of buyers, is still somewhat multigenerational.
Change, of course, is inevitable. Trinidad has received an increasing amount of attention in recent years as an interesting and attractive midpoint between DC’s more expensive neighborhoods, and those that are still trapped in an economic downturn. Also of note in Trinidad is the possibility that the District Department of Transportation (DDOT) may extend electric streetcar service into the area.
For more information about Trinidad homes for sale in Washington DC, give us a call today at (202) 709-9222.