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Washington, D.C.

Home to monuments, museums, and politics, alongside traffic congestion and varied housing options in the nation's capital.

64,100

Jobs Created
2%

$98,786

Median Household Income
3.1%

25,187

Total Housing Permits
8.8%

569

Total Number of Projects
-7.5%

$549,990

SFD New Home List Price
-1.6%

3,110

New Home Sales
3%
Monthly

Market Health

Washington, D.C.'s population is 6.2M, with a total workforce of 3.3M. The labor market grew by 64,100 jobs over the past year, up by 2.0%. The median household income in Washington, D.C. is $98,786, 3.1% higher than last year and 61.0% above the national average of $61,372. In the housing market, total permits issued totaled 25,187 over the last twelve months, up 8.8% year-over-year.

Washington, D.C. has 569 active new home projects on the market, 7.5% fewer than the 615 from last year. The average list price in the market is $549,990, 1.6% lower than last year and 71.8% above the national average. Over the last three months, new home contracts increased by 3.0% to 3,110. Frederick and Fredericksburg had the highest concentration of the new home contracts in the Washington, D.C. market.

Our Experts

Work with leaders in the industry.

Victor Furnells

Vice President Sales, East

Victor Furnells

Vice President Sales, East


Tim Sullivan

Managing Principal

Tim Sullivan

Managing Principal


Michael Timmerman

Senior Vice President

Michael Timmerman

Senior Vice President


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