Because Washington, DC is an epicenter of American politics and history, it is one of the most frequently visited cities in the country. Aside from its popularity as a tourist attraction, it is home to a multitude of the nation’s most elite leaders. And so it follows that within the neighborhoods of Washington, DC are some of the most luxurious estates in the country.
It is impossible to talk about the neighborhoods of DC without discussing neighborhoods in the northern Virginia regions such as Arlington and Fairfax Country, or Silver Springs in Maryland. These neighborhoods, as well as the more commonly cited Georgetown, Alexandria, and Capitol Hill neighborhoods, are only a few examples of the luxury real estate one might find in each area.
This is a small neighborhood just north of downtown DC, mostly populated by young professionals, young families, and students, with longtime DC residents and immigrants rounding out the cultural miasma. Adams Morgan is particularly popular with the younger crowd because of its thriving nightlife. During the weekends, the roads along 18th Street and Columbia road are packed with hundreds of college students and young professionals looking for a good time at the popular local bars.
The average rent for a studio apartment in Adams Morgan is between $1,350 and $1,500 a month, while the average rent for a 1 bedroom apartment or bigger is from $1,600 on up. These prices and the popular nightlife have given Adams Morgan a reputation of being slightly less safe than some other DC neighborhoods.
Mostly populated by highly educated professionals, politicians, and the social elite, the historic neighborhood of Georgetown is home to some of DC’s most upper class citizens. The average rent for a studio apartment is over $1,500 dollars a month, and the average rent for something larger runs at $1,700 or above. If the price weren’t exclusive enough, there are only a small number of apartments available for rent, with most in high rise buildings or in the basements of row houses.
The majority of the homes in Georgetown are large townhouses in the historic Georgian, Victorian, or Federal style. These townhouses usually sell for over a million dollars, though it is possible to find a small townhouse for just under one million. Condominiums are similarly expensive, and for these reasons Georgetown has gained a reputation as one of the most exclusive and luxurious neighborhoods in DC.
A typical 5 bedroom, single-family home in Georgetown costs more than $5 million dollars, while homes with more bedrooms can stretch to almost $8 million. One of the more luxurious homes on the Georgetown market right now is a two bedroom penthouse condo that commands a 180 degree view of the Potomac River. The home is 4,100 square feet with the most up-to-date features and 2 car parking. It is available for just under $5 million dollars.
In the heart of Washington, DC, lies Capitol Hill, and the Capitol Hill Neighborhood. Homes in Capitol Hill vary greatly in size and in price, with the average 2 bedroom row house renting from $1,900 to $2,500 a month. The majority of people living in this area are young professionals, politicos, and longtime DC residents, though there are a large number of families as well.
In Capitol Hill, a 3 bedroom condominium just under 1,500 square feet is on the market for $646,257. Less than 10 blocks away, a 3 bedroom condominium that measures 1,870 square feet is on the market for almost $1.5 million dollars. A four level, 5 bedroom home measuring almost 5,000 square feet, on the other hand, is on the market for right below $2.5 million dollars. The luxury of the homes, variety of price, and the types of housing make Capitol Hill an attractive but somewhat temperamental place to live.
Located 20 minutes from the heart of DC, Alexandria is a historic town much like Georgetown, but with a somewhat different populace. Most of the inhabitants are retired government and military personnel and their families, as opposed to the active politicians and students common to Georgetown.
The main attractions of Old Town Alexandria are its wonderful eating establishments and historic, yet friendly, feel. Shopping is also an attraction in Alexandria, as is the large number of pet-friendly establishments. The majority of the historic homes built in the 1700s and 1800s are still standing, and many of the homes close to the waterfront are home to the wealthiest inhabitants of the area. These beautiful and historic homes normally sell for no less than $1 million dollars.
While a studio apartment may go for $1,400 dollars a month in Alexandria, and a 1 bedroom may be found for as low as $1,500 dollars, the neighborhood is full of luxury properties priced at over $4.5 million dollars. Most of the houses in the $4 million dollar range are 4 to 6 bedroom homes or mansions, but one of the homes, priced at $4.5 million dollars, is a 3-bedroom located near the waterfront in Old Town Alexandria.
Perhaps the most popular area of DC for children and families, a home in Arlington might be anywhere from 5 to 15 minutes away from the center of DC. One reason for Arlington’s popularity is the urban villages that are based around the metro stops in the area: Ballston, Clarendon, Rosslyn, and Virginia Square, to name a few. This layout makes Arlington an incredibly pedestrian-friendly and walkable place to play, work, shop, and live.
As far as price is concerned, Arlington homes are similar to those in Alexandria, and perhaps slightly less expensive. The luxury homes in Arlington are worth up to $4.3 million, with a 2,604 square foot 3 bedroom home ringing in at exactly $3 million dollars. The average renter’s price for studio apartments and 1 bedroom apartments is from $1,200 to $1,400.
Apart from the attractions listed above for each of these regions and neighborhoods, DC is the place to be for several reasons. The huge number of government jobs and pedestrian-friendly environment, combined with great public transportation and a huge variety of very fine eating establishments, are enough to keep tourism high and impress the locals.