How Much is a Parking Space Worth?
✉️ Want to forward this article? Click here.
It has been a few years since UrbanTurf examined the cost of a parking spot in and around Washington, DC. So today, we decided to look again at the current market price for a parking place in neighborhoods around the region.
The average price for a parking spot in the DC area really hasn't changed much over the last decade. That average hovers somewhere around $25,000-$30,000, going up and down based on the neighborhood.
story continues below
story continues above
Based on our research, Georgetown, Foggy Bottom and West End boast the highest prices for individual spaces (more on this below). The lowest prices for spots are found east of the Anacostia River.
Here’s a sampling of what we found on the market:
- $10,000 for a surface space in Congress Heights
- $22,500 for a garage space in Van Ness
- $25,000 for a garage space in Hyattsville
- $39,000 for a garage space in SW DC.
- $45,000 for a garage space in Georgetown.
- $50,000 for a garage space in Foggy Bottom.
Like listing prices, the number of days that these spaces have been on the market vary significantly, ranging from a week to almost nine months. The most expensive parking spot to sell in the area over the last year was at the West End Place condos in DC (map). It sold for $70,000 in June of last year.
See other articles related to: parking spots, the cost of parking in dc
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/how-much-is-a-parking-space-worth/19324.
Most Popular... This Week • Last 30 Days • Ever
A new report highlights the growing chasm between apartment and single-family rents, ... read »
While homeowners must typically appeal by April 1st, new owners can also appeal.... read »
This article will delve into how online home valuation calculators work and what algo... read »
On his first day in office, President Trump signed a number of Executive Orders aimed... read »
Monument Realty has filed plans for a new development on Eye Street that will deliver... read »
DC Real Estate Guides
Short guides to navigating the DC-area real estate market
We've collected all our helpful guides for buying, selling and renting in and around Washington, DC in one place. Start browsing below!
First-Timer Primers
Intro guides for first-time home buyers
Unique Spaces
Awesome and unusual real estate from across the DC Metro