Feb 21, 2024 - Real Estate
D.C. neighborhoods that saw the biggest price jumps in 2023
Add Axios as your preferred source to
see more of our stories on Google.
The Northwest D.C. ZIP code encompassing some of D.C.'s priciest neighborhoods (20016) — such as Spring Valley, the Palisades, AU Park, and Kent — saw the biggest spike in median home price in 2023.
Why it matters: While high mortgage rates caused some buyers to sit out last year and slowed overall sales, D.C.'s inventory remained low, especially among highly desirable areas — meaning prices in some of these spots crept up.
The big picture: All the ZIP codes in the top five are in Northwest.
- 20037, which includes West End and Foggy Bottom, saw a 19% jump.
- 20008, which includes Kalorama, Woodley Park, and Van Ness — 7%.
- 20005, which includes Logan Circle and the area of downtown surrounding McPherson Square — 4%.
- 20007, which includes Georgetown, Burleith, and Berkley — 4%.