There’s no denying that the cost of living in the District has increased dramatically over the past several years, and some apartments in the nation’s capital are more expensive than they once were.
But there’s also no denying it: the median price of a one-bedroom apartment in D.S.A.D.D., a nonprofit housing advocacy group, has skyrocketed over the last few years.
The median rent for a one bedroom apartment in the Capital Hill neighborhood is $1,700.
That’s up an estimated $400 from the year before, according to data compiled by the D.D.’s National Housing Survey.
The average price of rent in DSA’s Capital Hill area increased by $1 per month between 2015 and 2016.
That includes an average increase of more than 8 percent in 2016, according the data.
The median price for a two-bedroom rental in DSEA’s Capital Hills neighborhood increased by an average of $1.75 per month.
The increase is even more dramatic when you factor in the fact that many people rent to stay in their homes longer than a year.
In 2017, DSEA counted 5,828 units for sale, which is a 40 percent increase over 2016.
The DSA estimates that the median sales price of DSA listings in the city increased by more than $200 per month over 2016, as a result of the city’s escalating housing costs.
Forbes recently ranked D.c. as the nation´s most expensive metropolitan area for housing, ranking it No. 4 overall, behind Honolulu, Las Vegas, and San Francisco.
But while some of the most affordable housing is still available in the suburbs, many of the pricier, pricier-looking homes in DCA are being built in the outer suburbs.