DC's Central A/C Premium
✉️ Want to forward this article? Click here.
For the last week in the DC area, the heat index has regularly eclipsed 100 degrees, a reality that makes central air conditioning an ever-more prized amenity in homes for sale. A new study from Zillow explores just how much of a premium central A/C commands around the country.
66 percent of homes sold in the U.S. in the past year had central A/C, with those homes selling at a $5,486 (or 2.5 percent) premium over homes without central air. In the DC area, 83.2 percent of homes sold in the past year had central A/C, carrying a $6,807 (or 1.7 percent) premium over homes that don't have it.
story continues below
loading...story continues above
For rental accommodations, the difference is much more negligible in the DC area, with 74 percent of rentals listed on Zillow including central air and renting for $15 (or .7 percent) more a month than rentals without.
Homes for sale in Las Vegas unsurprisingly have the highest A/C premium ($13,620), although 99 percent of listings for sale in the Nevada city have central air; Baltimore, interestingly enough, comes in second nationwide, with a premium of $12,055. On the rental side, the New York City metro has the highest A/C premium by far ($275); Boston has the second-highest at $171.
All the data for the report was culled from Zillow listings between June 1, 2017 and May 31, 2018, with square footage, age of home and the like controlled for; the median rents and listing prices of each subset (with or without A/C) were then compared.
See other articles related to: a/c, central air, zillow
This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/the-dc-area-ac-premium/14189.
Most Popular... This Week • Last 30 Days • Ever
This article discusses the variety of rental restrictions that may exist in condomini... read »
Today, UrbanTurf takes a look at the office-to-residential conversions on the boards ... read »
The new project is just the latest affordable development to move forward in DC.... read »
The beautiful four-story property, with three renovated units offering more than $200... read »
The nearly 12,000 square-foot McLean house of the former Washington Nationals pitcher... read »
- Understanding Rental Restrictions in Condominiums
- A Look At The 9 Office-To-Residential Conversions On The Boards in DC
- 11-Story, 46-Unit Development Pitched For A Pair Of Downtown DC Rowhouses
- Elegant Dupont Circle Rowhouse, Boasting Huge Rental Income Potential, Hits the Market
- Stephen Strasburg's McLean Home Sells For $8.55 Million
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