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Zillow Research

Washington D.C.

Rent Affordability by Tier: High Rents Aren’t a Problem If You Earn Enough to Afford them

As growth in rents outpaces growth in incomes, rent affordability (the share of the typical American’s income that goes to rent) has steadily deteriorated over the past five years – from a historic average of 26 percent, to roughly 30 percent currently. But focusing only on medians can sometimes hide more than it reveals. In this case, there are sharply different trends at the top and at the bottom of the market.

Urban Ascendant: Home Values in and Around Washington, D.C.

The housing market in and around Washington, D.C., has fundamentally transformed over the past decade. Perhaps more than any other U.S. market, the nation’s capital sharply illustrates the extent of urban renaissance experienced in many cities nationwide, and the diverging post-Recession fortunes of the nation’s urban and suburban communities.