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

7 Properties
$3,100,000
Subdivision: Chevy Chase
4
Beds
3
Baths
1,775
Sq.Ft.
1936
Year Built
41
Days on Site
DCDC2017484
MLS
This property is being sold AS-IS. My client is selling the property for $3.1 Million without permits.
$1,850,000
Subdivision: Hawthorne
4
Beds
3
Baths
3,900
Sq.Ft.
1955
Year Built
92
Days on Site
DCDC2009012
MLS
Deceptively large ramble with ideal main level living sited on a premium 8,800 square foot pool-sized private, level lot just steps to Rock Creek Park! Large entry foyer with coat closet leads to an...
$1,795,000
Subdivision: Chevy Chase
2
Beds
2F11/2
Baths
2,192
Sq.Ft.
2007
Year Built
299
Days on Site
DCDC507086
MLS
Spectacular sun drenched two level penthouse in the luxurious Chase Point Condominium located in the heart of Friendship Heights DC. This two bedroom two full bath plus powder room bath condominium...
$1,699,000
Subdivision: Chevy Chase
6
Beds
6F11/2
Baths
6,000
Sq.Ft.
2007
Year Built
79
Days on Site
DCDC2004244
MLS
Stunning and spacious offering in Chevy Chase built in 2007 boasting 6000sf! Highlights include: - Open floor plan for modern living - 4 Bedrooms with en-suite baths on the second level - Expansive,...
$1,250,000
Subdivision: Chevy Chase
2
Beds
2
Baths
1,565
Sq.Ft.
2007
Year Built
41
Days on Site
DCDC2017956
MLS
Prime location at the corner of Chevy Chase and DC....Luxury Style! Across from Friendship Heights Metro. One of a Kind Sun Splashed Corner Unit with 2 Bedrooms & 2 Bathrooms overlooking the gorgeous...
$700,000
Subdivision: Chevy Chase
2
Beds
2
Baths
1,100
Sq.Ft.
2007
Year Built
236
Days on Site
DCDC515302
MLS
Luxury Chase Point Condominium in an absolute perfect setting! All the restaurants and shopping that Chevy Chase has to offer are right on your doorstep. Upon entering the building, you'll notice the...
$699,900
Subdivision: Chase Point
2
Beds
2
Baths
1,070
Sq.Ft.
2007
Year Built
159
Days on Site
DCDC2001918
MLS
Urban Luxury in the Heart of Chevy Chase! Chase Point personifies luxurious urban living. Imagine waking up every morning to an exquisite, light-filled urban oasis with vibrant city views and...

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