Markets & Economy

Zillow Washington DC: Affordability Breakdown

Per Zillow, the home value index dropped by a sliver in DC

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Zillow breaks down how affordability and incomes match up in Washington DC. Washington D.C. Metro Highlights: The median income is $93,382. 17.2 percent of income is spent on a monthly mortgage payment, and 27.2 percent is spent on rent. A 20 percent down payment on a median-valued home would require a potential buyer to have saved $71,060. The ZHVI (Zillow Home Value Index) fell by 0.6 percent over the past year, to $355,300. District of Columbia residential real estate highlights, home prices, and rental data from Zillow in December 2015: District of Columbia median listing prices and median price-per-square-foot for all home types: All homes: $489,000 at $459/SF Single-family residential homes: $549,900 at $373/SF Condos: $469,775 at $491/SF Duplex and Triplex units: $699,000 at $368/SF 1-Bedroom homes: $359,900 at $509/SF 2-Bedroom homes: $509,900 at $479/SF 3-Bedroom homes: $569,250 at $399/SF 4-Bedroom homes: $700,000 at $381/SF 5+ Bedr...