Median home value is about $1,202,900 — about 246% above the U.S. median home value ($348,079).
Housing tenure and rents show median gross rent around $1,974 (about 70% above the U.S. median rent ($1,163)), and owner-occupancy near 57.4% (about 8.0 points below the national owner-occupancy rate (65.4%)).
To comfortably buy a median-priced home in ZIP 20007 in Washington, DC, a household would need roughly $331,000 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 $7,727. That is about 132% above the local median household income ($142,783), 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.