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Washington city, DC

ZIP 20016 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Wealthy AreaLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 20016

Median Home Value
$1,206,200
Median Rent
$2,013
Affordability Snapshot
$332,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$7,748/mo PITI).

13%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.7x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

49.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 20016 in Washington city, DC, a household would need roughly $332,000 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 $7,748. That is about 85% above the local median household income ($179,107), 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.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
64.6%-1% vs US avg
x
Vacancy Rate
10.0%-3% vs US avg
x
Broadband Access
94.5%+9% vs US avg
x
4+ Bedrooms
14.0%-5% vs US avg
x
Built Pre-1939
14.7%+15% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
24.3%-51% vs US avg
x
Mortgage-Free
35.4%-7% vs US avg
x
$1,206,200
Home Value
$2,013
Rent
1951
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached37.6%
  • 1-unit attached6.0%
  • 2-9 units10.2%
  • 10+ units46.2%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$1,206,200
Median rent$2,013
Owner-occupied64.6%
Vacant10.0%
Price-to-income6.7x
Est. income to buy$332,000