The story of this market
The typical home in ZIP 20024 sells for about $435,000, or $464 per square foot.
Prices are down 7.35% from a year ago, which gives buyers more room to negotiate. Homes take about 60 days to sell. HUD's fair market rent for a two-bedroom is $2,139 a month.
ZIP 20024 — Washington
The 20024 housing market is currently experiencing a cooling phase, characterized by a year-over-year decline in median sale prices and a moderate inventory level. High interest rates and a shift in buyer demand toward rental options are driving the current market dynamics. While the area remains a desirable location due to its waterfront amenities, buyers are exercising more caution in their purchasing decisions.
This ZIP is ideal for young professionals and commuters who prioritize proximity to downtown employment hubs and a vibrant, walkable waterfront lifestyle.
Median prices moved down 7.3% year over year.
Homes spend a median of 60 days on market with 2.5 months of supply — a fast-moving market.
6% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.6% · poverty 15.8% — a stable, low-distress profile.
Built from 259 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.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 0.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 20024, District of Columbia
The area experiences urban crime patterns typical of central Washington, D.C., with property crime being the primary concern. Safety levels vary significantly by specific neighborhood blocks within the ZIP.
Public schools in the area are part of the District of Columbia Public Schools system, which faces ongoing challenges with performance variability and resource allocation across the district.
The ZIP code is located in a low-lying area along the Potomac and Anacostia rivers, presenting moderate flood risks that require flood insurance for many properties.
The area is a major hub for federal government agencies and private sector contractors, with significant ongoing mixed-use redevelopment along the Southwest Waterfront.
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 Waterfront and Navy Yard-Ballpark Metro stations, providing rapid transit to the downtown employment core and Capitol Hill.
The area features extensive waterfront access, including the Wharf, Waterfront Park, and proximity to the National Mall and various museums.
The rental market is highly active with a high concentration of luxury apartment buildings, though vacancy pressure has increased due to significant new supply deliveries.
The economy is heavily anchored by federal government agencies, defense contractors, and the growing hospitality and retail sectors at the Wharf.
The area is served by the Green Line Metro, multiple bus routes, and water taxi services, facilitating easy transit throughout the D.C. metro area.
Ongoing development focuses on high-density residential and commercial projects to maximize the waterfront location.
Properties are subject to District of Columbia municipal taxes; no separate MUD/PID districts apply.
Property insurance premiums are rising due to increased flood risk awareness and general market trends in the D.C. area.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- The St. James4.49.8 mi
- F1 Arcade Washington, D.C.4.63.1 mi
- Sky Zone Trampoline Park411.2 mi
- Lake Fairfax Park4.616.9 mi
- Urban Air Trampoline and Adventure Park4.116.4 mi
- Nationals Park4.60.9 mi
- Capital One Arena4.51.8 mi
- Northwest Stadium49 mi
- Walter E. Washington Convention Center4.52.3 mi
- International Spy Museum4.40.9 mi
- Lincoln Memorial4.81.8 mi
- Smithsonian National Museum of Natural History4.81.4 mi
- Smithsonian's National Air and Space Museum4.61.2 mi
- Smithsonian National Zoological Park4.64.2 mi
- Washington Monument4.71.4 mi
- Lincoln Memorial4.81.8 mi
- Smithsonian National Museum of Natural History4.81.4 mi
- Smithsonian's National Air and Space Museum4.61.2 mi
- United States Capitol4.71.5 mi
- National Mall4.81.3 mi
- Lincoln Memorial4.81.8 mi
- National Mall4.81.3 mi
- United States Botanic Garden4.81.3 mi
- Martin Luther King, Jr. Memorial4.91.5 mi
- Georgetown Waterfront Park4.73.1 mi
- The Wharf DC4.70.5 mi
- Adventures Unbound: Columbia Island Marina4.61.3 mi
- Washington Sailing Marina4.72.8 mi
- The Wharf Marina4.70.4 mi
- Adventures Unbound: James Creek Marina4.50.7 mi
- Topgolf National Harbor45.2 mi
- East Potomac Golf Links4.10.2 mi
- Congressional Country Club4.711.9 mi
- Puttery4.51.7 mi
- Langston Golf Course & Driving Range4.33.5 mi
- Tysons Corner Center4.611.1 mi
- Tanger Outlets National Harbor4.45.5 mi
- Union Market4.52.9 mi
- Springfield Town Center4.410.5 mi
- Fashion Centre at Pentagon City4.42 mi
- Dulles International Airport4.123.9 mi
- Ronald Reagan Washington National Airport4.21.7 mi
- Baltimore/Washington International Thurgood Marshall Airport4.328.5 mi
- Capital One Lounge at IAD4.323.4 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 mile-long waterfront destination featuring restaurants, shops, and entertainment venues.
A public green space along the Potomac River providing recreational trails and river views.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.