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Washington city, DC

ZIP 20024 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Upper Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 20024

Median Home Value
$497,100
Median Rent
$2,099
Affordability Snapshot
$137,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$3,193/mo PITI).

25%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.8x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

19.7 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 20024 in Washington city, DC, a household would need roughly $137,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $3,193. That is about 33% above the local median household income ($102,623), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
31.9%-51% vs US avg
x
Vacancy Rate
13.0%+26% vs US avg
x
Broadband Access
91.1%+5% vs US avg
x
4+ Bedrooms
1.1%-93% vs US avg
x
Built Pre-1939
3.7%-71% vs US avg
x
Built Post-2014
5.3%-23% vs US avg
x
Rent Burden >30%
21.1%-58% vs US avg
x
Mortgage-Free
27.5%-28% vs US avg
x
$497,100
Home Value
$2,099
Rent
1970
Year Built
2018
Moved In

Residents have lived here since ~2018 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached1.9%
  • 1-unit attached14.2%
  • 2-9 units6.2%
  • 10+ units76.3%
  • Mobile home & other1.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$497,100
Median rent$2,099
Owner-occupied31.9%
Vacant13.0%
Price-to-income4.8x
Est. income to buy$137,000