Home | Newsletter | Advertise
loading...

Where Are People House-Rich in DC?

  • May 13th 2022

by UrbanTurf Staff

✉️ Want to forward this article? Click here.

A home in 20015.

A recent article in The New York Times highlighted the tremendous equity that American homeowners have amassed over the last two years as home values have shot up. Now, a new report is giving a sense of the areas around DC where homeowners have become "equity rich" during that time.

ATTOM Data Solutions published data this week that looks at the cities and states around the country where homeowners have the most equity in their homes. By "equity rich", ATTOM means that the combined amount of loan balances on a home is no more than 50% of the estimated market value of the home itself.

ATTOM provided UrbanTurf with zip code-level home equity data for DC, and we parsed through the numbers to find the equity-rich areas around the city. 

Click to enlarge.

Leading the way is the 20015 zip code (Barnaby Woods, Chevy Chase DC and Friendship Heights) where 57% of homeowners are considered equity-rich. The median home price is up approximately 20% in this zip code over the last two years. Following behind 20015, are the 20012 (Colonial Village, Takoma, Shepherd Park) and 20016 (AU Park, Spring Valley) zip codes, where just under 50% of homeowners are equity rich. 

The zip codes with the lowest percentage of high equity homeowners include neighborhoods like Logan Circle, Columbia Heights and Shaw. 

Similar Posts:

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/where-are-people-house-rich-in-dc/19638.

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

Red Flags Revealed During a Home Inspection Top 5 Tax Breaks For Homeowners Tax Relief for DC Homeowners
Condo Fee Tutorial What is a Rent Back? 10 Ways To Tell If a Home Renovation is Well Done
Obtaining a Basic Business License For Your Rental What is an Adjustable Rate Mortgage? The Splitting the Rent Formula
How Much Cash Do You Need to Buy a House? Is This Condo Building Financially Healthy? Interest Rates and Mortgage Points
The Scoop on Mortgage Insurance

Unique Spaces

Awesome and unusual real estate from across the DC Metro

The Most Intriguing Loft in DC The R Street Firehouse DC’s One-Room House
Dupont Circle’s Old Frat House To Become Alley Home Best Transition From a Garage To a Home The Roundhouse
Tilden Gardens Restaurant-Turned-Home Hits Market Next Week Logan Circle’s Most Intriguing Garage Frank Lloyd Wright Goes Green in Kensington
Sears Bungalow Gets a Modern Makeover Old Town General Store Becomes Three-Level Home Making the Most of a Skinny House
A Studio 27 Renovation on Capitol Hill Once a Carriage House, Now a Home The Bank that Became a Home
From Pie to Hooch to Heroin to Home The Live-Aboards of Gangplank Marina A Treehouse with Rock Creek Park As A Backyard
Modern Tranquility in Sperryville Saddle Up For Stable Living Throwing a Curve at 550 Square Feet
A Modern Hilltop Retreat Tilden Street Restaurant Becomes Spacious Home Focus on Design: A Vastu Unit at 22 West
The DC Area’s First Net Zero Home A Yankee Goes Green DC’s First Carbon Neutral Home
Eco-Friendly Alley House Off H Street The Gym, The Stables and The Firehouse