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 Type | 13% |
| One Bedroom | 31.10% |
| Two Bedrooms | 23.70% |
| Three Bedrooms | 20.90% |
| Four Bedrooms | 7.70% |
| Five Bedrooms or more | 3.60% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.34 |
| Median year structure was built | 1940 |
| Median Value of occupied units | $157,200 |
| Median Price asked for vacant units | $117,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.03 |
| Median year structure was built | 1955 |
| Median Monthly Rent asked for vacant units | $518 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 10.50% |
| Home Equity Loan | 8.20% |
| Simple Mortgage | 53.10% |
| Debt Free | 27.70% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 18.8% |
