Redfin releases economic diversity breakdown in DC

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Inman Connect San Francisco, Jul 17-20, 2018

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 Terra...