United States · North America · Population: 690,000
Washington DC is moderately affordable compared to major global cities, with steady growth in property values. The city has above-average rental costs. At $620,000 average home price in United States, buyers should consider the 7.8x price-to-income ratio when planning a purchase.
| Average Home Price | $620,000 |
| Price per sqm | $7,500 |
| Price-to-Income Ratio | 7.8x |
| Mortgage Rate | 6.8% |
| 1-Year Price Change | +2.2% |
| 1-Bedroom Apartment | $2,200/mo |
| 3-Bedroom Apartment | $3,500/mo |
| Rent-to-Income Ratio | 28% |
| Median Household Income | $80,000/year |
| Years to Buy (at median income) | 7.8 years |
| Local Currency | USD |
With a price-to-income ratio of 7.8x, Washington DC offers reasonable opportunities for homebuyers compared to global averages. Home prices have increased 2.2% in the past year.
Cities worldwide with home prices closest to Washington DC
Our team analyzes data from OECD, Numbeo & National Statistics to deliver accurate, up-to-date information. All data is verified and cross-referenced with official sources.
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