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Washington, DC Real Estate


According to census data in the year 2000 there were 274,845 housing units in Washington. This represents a 1.3% decline from 278,489 in 1990.

Of those housing units, 274,845 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Washington is about 40.8%. Washington's vacancy rate, including seasonal lodging, is about 9.6%. Average household size is 2.16 people.

The majority of houses, apartments or condos in Washington were built after 1949.

Statistics

Housing Size

Housing Units by Size
Studio Type13%
One Bedroom31.10%
Two Bedrooms23.70%
Three Bedrooms20.90%
Four Bedrooms7.70%
Five Bedrooms or more3.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.34
Median year structure was built1940
Median Value of occupied units$157,200
Median Price asked for vacant units$117,300

Rented Homes, Apartments and Condos

Average Household Size2.03
Median year structure was built1955
Median Monthly Rent asked for vacant units$518

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.50%
Second Mortgage10.50%
Home Equity Loan8.20%
Simple Mortgage53.10%
Debt Free27.70%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs18.8%