The story of this market
The typical home in ZIP 20016 sells for about $1,200,000, or $522 per square foot.
Prices are up +15.27% from a year ago, so sellers still have some momentum. Homes take about 40 days to sell. HUD's fair market rent for a two-bedroom is $2,358 a month.
ZIP 20016 — Washington
The 20016 housing market remains a high-value, stable environment characterized by strong asset prices and consistent demand. While inventory levels have increased, the market continues to command premium pricing, reflecting its desirability among affluent professionals and families.
This ZIP is ideal for established professionals, families, and academics who value proximity to elite schools, high-end amenities, and the professional hubs of Northwest DC.
Median prices moved up 15.3% year over year.
Homes spend a median of 40 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 8.7% — a stable, low-distress profile.
Built from 802 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
ZCTA 20016, District of Columbia
The area is served by highly regarded public schools within the District of Columbia Public Schools system, known for strong academic performance and diverse programming.
The area benefits from proximity to major employment hubs in Northwest DC and Bethesda, with steady demand driven by professional and academic sectors.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (District of Columbia) — Deed Transfer Tax: 1.5% of consideration or fair market value; 1.1% for residential properties under $250,000. State (District of Columbia) — Deed Recordation Tax: 1.5% of consideration or fair market value; 1.1% for residential properties under $250,000. State (District of Columbia) — Real Property Tax: Class 1 (improved residential) is taxed at $0.96 per $100 of assessed value. Assessed at 100% of market value. Owner-occupied Class 1 properties receive a $30,000 exemption from assessed value.
Residents benefit from excellent access to the Wisconsin Avenue corridor and proximity to Metro Red Line stations, facilitating efficient transit to downtown Washington and Bethesda.
The ZIP features significant green space including Glover-Archbold Park and proximity to the National Cathedral, with high-end shopping and dining concentrated along Wisconsin Avenue.
The rental market shows strong demand with a median rent of $3,800, though a 9% vacancy rate suggests a competitive environment for landlords.
The local economy is anchored by the federal government, higher education institutions, and a robust professional services sector in the surrounding Northwest DC area.
The area is well-served by major arterial roads like Wisconsin Avenue and multiple bus lines, with convenient access to the Metro Red Line for regional connectivity.
Development is characterized by high-end residential infill and mixed-use projects along the Wisconsin Avenue corridor.
Parcels are subject to District of Columbia municipal tax and service jurisdictions, with no independent MUD or PID structures.
Data sourced from US Census Bureau and local market reports.
- The St. James4.410.7 mi
- F1 Arcade Washington, D.C.4.65.7 mi
- Lake Fairfax Park4.612 mi
- Sky Zone Trampoline Park411.2 mi
- Urban Air Trampoline and Adventure Park4.115.4 mi
- Nationals Park4.66.6 mi
- Capital One Arena4.55 mi
- Northwest Stadium412.7 mi
- Walter E. Washington Convention Center4.54.6 mi
- International Spy Museum4.45.4 mi
- Lincoln Memorial4.84.2 mi
- Smithsonian National Museum of Natural History4.85 mi
- Smithsonian's National Air and Space Museum4.65.4 mi
- Smithsonian National Zoological Park4.62.6 mi
- Washington Monument4.74.7 mi
- Lincoln Memorial4.84.2 mi
- Smithsonian National Museum of Natural History4.85 mi
- Smithsonian's National Air and Space Museum4.65.4 mi
- United States Capitol4.75.8 mi
- National Mall4.84.8 mi
- Lincoln Memorial4.84.2 mi
- National Mall4.84.8 mi
- United States Botanic Garden4.85.7 mi
- Great Falls Park4.89.4 mi
- Martin Luther King, Jr. Memorial4.94.6 mi
- The Wharf DC4.75.6 mi
- Adventures Unbound: Columbia Island Marina4.65.1 mi
- Washington Sailing Marina4.77.9 mi
- The Wharf Marina4.75.9 mi
- Adventures Unbound: Thompson Boat Center4.53.4 mi
- Topgolf National Harbor411 mi
- East Potomac Golf Links4.15.8 mi
- Congressional Country Club4.75.8 mi
- Puttery4.54.9 mi
- Northwest Golf Course4.312.6 mi
- Tysons Corner Center4.66.9 mi
- Tanger Outlets National Harbor4.411.2 mi
- Union Market4.55.7 mi
- Fashion Centre at Pentagon City4.45.6 mi
- Springfield Town Center4.412.1 mi
- Dulles International Airport4.119.4 mi
- Ronald Reagan Washington National Airport4.26.9 mi
- Baltimore/Washington International Thurgood Marshall Airport4.328.3 mi
- Capital One Lounge at IAD4.318.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major historic and architectural landmark serving as a cultural anchor for the area.
A large, wooded park providing extensive trails and green space for residents.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.