Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$567,271−0.7% YoY · prices are falling
Market right nowBuyer's marketMore homes for sale than last year, 18% have cut their price
Income needed to buy, per year$122,972About 1.1× the local median income ($109,289): a stretch for a typical household
Days on market49 daysAbout the same pace as a year ago
Next 12 months+0.6%Zillow expects prices to rise slightly
The typical home in District of Columbia is worth $567,271, down 0.7% from a year ago. That is well below what local incomes have historically supported: fair value is about $736,090, so the area is 22.9% undervalued. It is a buyer's market: homes take about 49 days to sell, listings are up 0% from a year ago, 18% of listings have had a price cut. Zillow expects prices to rise about 0.6% over the next year. A household needs about $122,972 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $109,289. In the latest IRS figures, 3,043 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$567,271
Change in 1 year
−0.7%
Overvalued %
−22.9%
Show 7 more
Fair home value
$736,090
Change in 5 years
−9.6%
Zillow forecast, next 12 months
+0.6%
Home value to income
5.2×
Monthly mortgage payment (20% down)
$3,074
Income needed to afford it
$122,972
Property tax rate
0.58%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$2,438
Market activity
Listings vs a year ago
+0.4%
Days on market
49
Listings with a price cut
17.8%
Show 3 more
Homes for sale
3,046
Pending sales per 100 listings
20
Asking price per sq ft
$486
People and jobs
Median household income
$109,289
Population change (1 year)
+0.3%
Unemployment rate
6.3%
Show 4 more
Population
693,645
Income adjusted for cost of living
$99,444
Net moves in (IRS)
−3,043
Cost of living (US = 100)
109.9
Schools, risk and environment
FEMA hazard risk score (0 to 100)
97.6
Unhealthy air days a year
4
Flood risk score
97.4
Show 3 more
Wildfire risk score
26.2
Walkability (1 to 20)
14.4
Road, rail and air noise
53 dB
Questions people ask
Is District of Columbia overvalued?
Home prices in District of Columbia are well below what local incomes have historically supported: fair value is about $736,090, so the area is 22.9% undervalued.
Is District of Columbia a buyer's or seller's market?
District of Columbia is a buyer's market: homes take about 49 days to sell, listings are up 0% from a year ago, 18% of listings have had a price cut.
Are home prices going down in District of Columbia?
Home values in District of Columbia are down 0.7% over the last year. Zillow's forecast for the next 12 months is +0.6%.
How much do you need to earn to buy a home in District of Columbia?
A household needs about $122,972 a year to afford the typical home in District of Columbia at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $109,289.