Redfin recently released a report on the economic diversity of the nation’s major cities using 2014 city-specific median family income data from the American Community Survey. Washington, D.C. was ranked as the no. 3 best city for a balanced mix, with 30 percent of its neighborhoods with economic diversity.

Redfin recently released a report on the economic diversity of the nation’s major cities using 2014 city-specific median family income data from the American Community Survey. Washington, D.C. was ranked as the no. 3 best city for a balanced mix, with 30 percent of its neighborhoods with balanced economic diversity.

The report determined purchasing power as a 20 percent down payment on a 30-year fixed-rate mortgage at 4 percent. Monthly family income going toward a mortgage was measured at 28 percent.

Redfin measured home price mix by summarizing a 500-meter grid, which were then classified as one of three categories: mix of affordable and high-end homes, high-end homes and affordable homes.

What’s the economic breakdown of Washington, D.C. neighborhoods?

Washington
DC
Balanced Mix Area High-end Area Affordable Area
Columbia Heights 100% The Palisades 100% Fort Davis 100%
West End 100% Spring Valley 92% River Terrace-Lily
Ponds-Mayfair
100%
Adams
Morgan / Kalorama Heights / Lanier Heights
92% Foxhall Crescent 87% Lamond-Riggs 100%
Petworth 88% Chevy Chase 85% Deanwood 100%
Barney Circle 85% West Village (Georgetown) 81%

 

According to the data, 10 percent of neighborhoods in DC are considered high-end and 45 percent are affordable.

 

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