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

11 Properties
$4,750,000
Neighborhood: Chevy Chase
6
Beds
5F11/2
Baths
6,638
Sq.Ft.
2023
Year Built
36
Days on Site
DCDC2132136
MLS
Open 4/16
5416 Nevada Ave NW Washington,  DC 20015
$3,125,500
Neighborhood: Chevy Chase
6
Beds
6F21/2
Baths
5,166
Sq.Ft.
2023
Year Built
142
Days on Site
DCDC2115638
MLS
$2,500,000
Neighborhood: Chevy Chase
8
Beds
8F41/2
Baths
9,950
Sq.Ft.
2024
Year Built
5
Days on Site
DCDC2136838
MLS
$1,895,000
Neighborhood: Chevy Chase
4
Beds
3F11/2
Baths
3,405
Sq.Ft.
1956
Year Built
97
Days on Site
DCDC2118136
MLS
$1,795,000
Neighborhood: Chevy Chase
2
Beds
2F11/2
Baths
2,192
Sq.Ft.
2007
Year Built
106
Days on Site
DCDC2042172
MLS
$1,599,900
Neighborhood: Chevy Chase
3
Beds
4
Baths
3,794
Sq.Ft.
1936
Year Built
26
Days on Site
DCDC2132234
MLS
$1,549,900
Neighborhood: Chevy Chase
4
Beds
3F11/2
Baths
2,079
Sq.Ft.
1938
Year Built
11
Days on Site
DCDC2135784
MLS
$1,499,000
Neighborhood: Chevy Chase
2
Beds
2
Baths
1,869
Sq.Ft.
2007
Year Built
37
Days on Site
DCDC2131698
MLS
$1,495,000
Neighborhood: Chevy Chase
5
Beds
4F21/2
Baths
4,142
Sq.Ft.
1979
Year Built
34
Days on Site
DCDC2132584
MLS
$975,000
Neighborhood: Chevy Chase
3
Beds
2
Baths
1,495
Sq.Ft.
1930
Year Built
23
Days on Site
DCDC2134134
MLS
Open 4/20
5201 Wisconsin Ave NW #313 Washington,  DC 20015
$389,500
Neighborhood: Chevy Chase
1
Beds
1
Baths
650
Sq.Ft.
2010
Year Built
6
Days on Site
DCDC2136642
MLS

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