20015 Is DC’s Least Affordable Zip Code



A new map by Zillow was released last week to much fanfare across DC, calculating housing affordability based on a monthly payment of $2,000, or 18 percent of a buyer’s monthly income, assuming a $500,000 home purchase price.  The color-coded map from dark red to dark green revealed the 20015 zip code as the least affordable, which includes the pricey DC neighborhoods of Chevy Chase DC and Friendship Heights.  After 20015, the 20003 zip code for the Capitol Hill neighborhood comes in 2nd, and the 20007 zip code for the neighborhoods in Georgetown, Glover Park, Foxhall, and Massachusetts Avenue Heights comes in at #3.  Longtime DC residents would not be surprised by these findings.

The map reveals DC’s eastern neighborhoods (NE) as most affordable and the western neighborhoods (NW) as least affordable.  At Zillow, affordability is measured by how much of a person’s monthly income is spent on a mortgage payment.  With a combination of rising home prices and mortgage rates, the median household in DC spends 22% of their income to afford the mortgage payments on the median home.

In 2013, the median household income was $91,689 in DC.  The typical DC homebuyer spent $1,357 each month on mortgage payments for homes, not condos, assuming a 20% down payment on a median home valued at $343,600 on a 30-year fixed mortgage with a 4.3% interest rate.

20015 Real Estate For Sale:

20015 Real Estate Listings

19 Properties
Page 1 of 2
$4,985,000
Neighborhood: Chevy Chase
6
Beds
5F11/2
Baths
6,638
Sq.Ft.
2023
Year Built
68
Days on Site
DCDC2117896
MLS
$4,750,000
Neighborhood: Chevy Chase
6
Beds
5F11/2
Baths
6,638
Sq.Ft.
2023
Year Built
7
Days on Site
DCDC2132136
MLS
$4,250,000
Neighborhood: Chevy Chase
7
Beds
4F21/2
Baths
8,112
Sq.Ft.
1928
Year Built
12
Days on Site
DCDC2130176
MLS
$3,999,000
Neighborhood: Chevy Chase
7
Beds
7F21/2
Baths
8,186
Sq.Ft.
1892
Year Built
145
Days on Site
DCDC2107428
MLS
$3,125,500
Neighborhood: Chevy Chase
6
Beds
6F21/2
Baths
5,166
Sq.Ft.
2023
Year Built
113
Days on Site
DCDC2115638
MLS
$2,000,000
Neighborhood: Chevy Chase
5
Beds
3F21/2
Baths
4,221
Sq.Ft.
1937
Year Built
5
Days on Site
DCDC2132476
MLS
$1,895,000
Neighborhood: Chevy Chase
4
Beds
3F11/2
Baths
3,405
Sq.Ft.
1956
Year Built
68
Days on Site
DCDC2118136
MLS
$1,799,999
Neighborhood: Chevy Chase
5
Beds
4F11/2
Baths
3,354
Sq.Ft.
1934
Year Built
190
Days on Site
DCDC2111462
MLS
$1,795,000
Neighborhood: Chevy Chase
2
Beds
2F11/2
Baths
2,192
Sq.Ft.
2007
Year Built
77
Days on Site
DCDC2042172
MLS
$1,650,000
Neighborhood: Chevy Chase
4
Beds
3F11/2
Baths
2,079
Sq.Ft.
1938
Year Built
7
Days on Site
DCDC2132172
MLS
$1,499,000
Neighborhood: Chevy Chase
2
Beds
2
Baths
1,869
Sq.Ft.
2007
Year Built
8
Days on Site
DCDC2131698
MLS
$1,495,000
Neighborhood: Chevy Chase
5
Beds
4F21/2
Baths
4,142
Sq.Ft.
1979
Year Built
5
Days on Site
DCDC2132584
MLS

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