Oct 21, 2023 - Real Estate
How long it takes to break even on your home in D.C.
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It can take up to 14.8 years for D.C. homeowners to break even, according to Zillow data exclusively shared with Axios.
Why it matters: That's how long you have to stay in your house before you can sell and make a profit.
Context: Historically, experts have said you need to stay in your home at least five years to break even. But with mortgage rates inching toward 8%, new homeowners will need to stay put longer to avoid going underwater.