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Washington, DC Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,495
Monthly Cash Flow
-$738
Principal + Equity
$1,290
Annual Total Gain
$6,620
Cash on Cash
-6.07%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$204
Occupancy Rate
72.41%
Monthly Revenue
$3,142
Monthly Cash Flow
-$563
Principal + Equity
$1,290
Annual Total Gain
$8,725
Cash on Cash %
-4.63%
Net ROI %
Market Health & Growth
Median Income
$106,287
Population
672,079
LTR Renter %
58.86%
Forecast (1 yr)
-0.46%
Appreciation (1 yr)
-3.86%
Appreciation (5 yr)
-3.69%
Appreciation (10 yr)
18.74%
Job Growth
0.54%
LTR Rentability
Moderate
STR Demand
75
STR Rentals
6,301
Top Public Schools
AThe School Without Walls High School
ABethesda-Chevy Chase High School
A
A
A
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
A-
Overall
Top-level market grade
Healthiest Cities in America
#24out of 229 markets
Healthiest Places to Live in America
#24out of 230 markets
Best Cities for Young Professionals in America
#4out of 229 markets
C
Public School
D
Crime And Safety
D
Housing
A
Nightlife
B
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Washington, DC.
In Washington, DC, short-term rentals are regulated by the Department of Consumer and Regulatory Affairs (DCRA) and the Office of Tax and Revenue (OTR). Here are some key regulations that an investor should be aware of before investing in purchasing a property for short-term rental in Washington, DC:
1. Licensing: Short-term rental hosts in Washington, DC are required to obtain a Basic Business License (BBL) from the DCRA. The BBL must be renewed annually and hosts must comply with all applicable zoning regulations.
2. Zoning regulations: Short-term rentals in Washington, DC are subject to zoning regulations that vary depending on the type of property and the location. It is important for investors to ensure that the property they are considering purchasing is zoned for short-term rental use.
3. Occupancy taxes: Short-term rental hosts in Washington, DC are required to collect and remit occupancy taxes to the OTR. The current tax rate is 14.8% of the rental amount. Failure to comply with tax regulations can result in penalties and fines.
4. Rental limits: Washington, DC has restrictions on the number of days that a property can be rented out for short-term stays. Hosts are limited to renting out their property for a maximum of 90 days per calendar year if they are not present on the property during the rental period.
5. Safety and health regulations: Short-term rental hosts in Washington, DC are required to comply with safety and health regulations, including providing smoke detectors, carbon monoxide detectors, and fire extinguishers in the rental property.
6. Noise regulations: Washington, DC has strict noise regulations that short-term rental hosts must adhere to. Hosts are responsible for ensuring that their guests do not disturb neighbors with excessive noise.
7. Fair Housing Act: Short-term rental hosts in Washington, DC are required to comply with the Fair Housing Act, which prohibits discrimination based on race, color, religion, sex, national origin, disability, or familial status.
It is important for investors to thoroughly research and understand the regulations and requirements for short-term rentals in Washington, DC before purchasing a property for this purpose. Failure to comply with regulations can result in fines, penalties, and legal consequences.
Market Trends Over Time
Explore 25 years of market data for Washington, DC, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Washington, DC.
The LTR Genie Score of Washington, DC is 48, indicating a moderate level of rentability for long-term rental properties. On the other hand, the STR Genie Score is 65, suggesting a higher level of rentability for short-term rental or Airbnb properties. The higher STR Genie Score could be attributed to the higher net ROI and occupancy rate for short-term rentals compared to long-term rentals in this market.
Washington, DC is a unique real estate market with a mix of government, tourism, and business sectors driving demand for rental properties. The city offers a stable long-term rental market but also presents opportunities for higher returns through short-term rentals, especially in popular tourist areas.
Based on the metrics provided, Washington, DC seems to be more attractive for short-term rental investments due to the higher STR Genie Score, net ROI, and occupancy rate. However, long-term rentals can still be a viable option for investors looking for a more stable income stream. It may be beneficial for investors to consider a combination of both short-term and long-term rental properties to diversify their portfolio in this market.
