Recently Sold Homes in Washington, Kingman Park

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Washington, DC Real Estate Insights

The Nation's Capital is filled with historical landmarks, many of which require little introduction. Between the White House, United States Capitol, Washington Monument, Lincoln Memorial, Arlington National Cemetery, Jefferson Memorial, National Archives, National Mall, Smithsonian Institution, World War II Memorial, U.S. Holocaust Memorial Museum and Vietnam Veteran's Memorial, sightseeing in D.C. is more than a day-long venture.
Washington D.C. is comprised of 601,723 residents of a median age of 36 . The median income in D.C., which currently sits at $65,609 per year, is higher than average for other cities of similar size.Real estate in D.C. is notably more expensive than national averages as well. The average list price in 2015 was $656,248, a 4.58 percent increase from 2014 when the average list price was $627,529. On average, inventory dropped 4.64 percent year-over-year across cities of similar size to D.C., but inventory in D.C. grew 26.09 percent between 2014 and 2015. This is a positive trend for prices, which could drop if inventory continues to increase and competition in the market becomes less severe. Families considering relocating to D.C. might also be impressed with school ratings . Elementary schools rank 5.82 out of 10 and high schools rank 6.18 out of 10 across the city. The average rating in similar-sized cities for elementary schools is 5.16 out of 10 and the average rating for high schools is 4.94 out of 10.