There’s no doubt that real estate is expensive in Washington DC, but for certain neighborhoods that rings especially true. In fact, the DC area has some of the most expensive neighborhoods in the entire nation.
One of the most expensive neighborhoods to call home in the DC area is Georgetown. This upscale neighborhood is home to a number of diplomats and government workers. While the social elite often refers to Georgetown as home, this area of DC does offer an abundance of nightlife and retail options.
It’s definitely on the pricier end. A one-bedroom apartment in Georgetown typically rents for a minimum of $1700 per month. Pricey row homes commonly top the one million and two million dollar range, but you may find less costly options if you can live with smaller square footage.
Also on the list is the unusually named Foggy Bottom. Home to a number of longtime DC area residents, as well as bankers and diplomats, this neighborhood is right on the border of DC and Virginia. You may be able to rent a studio apartment at prices starting around $1300, but prices definitely go up from there. According to Realtor.com, the average sold price of homes in this area is around $837,000.
You’ll find plenty of condominiums, townhomes and row homes in this area of DC.
For the price, you’re close to such attractions as the Kennedy Center and George Washington University. You won’t find much parking available, though.
Have you ever wanted to live on Capitol Hill? You can, for the right price! A two-bedroom row house in this area starts at around $2500 per month. You won’t find much parking here, either, but you are close to the Supreme Court, Library of Congress and the U.S. Capitol. It’s an area rich in historic charm, popular with families, political figures and a number of young professionals.
In this part of DC you can expect to find plenty of unique row houses, with some starting in the $300,000 range. The area also includes several homes topping one million dollars, or more.
If you want more of a suburban feel, with traditional brick-style colonial homes lining the blocks, head out to Michigan Park. This affluent neighborhood is extremely family friendly, more focused on yard space and personal vehicles to get around.
If you choose Michigan Park, expect to pay median rental rates at nearly $2,500 per month for homes. The same area commands homes ranging from the $300,000 to $600,000 range for single-family residences.
No matter which type of home you desire, and which location you choose, you are sure to find a perfect new place to call home in Washington, DC. If you choose from one of the area’s most expensive neighborhoods, though, be prepared to pay a little more.