If your goal in buying a home is to eventually sell that home for financial gain, choosing a neighborhood is of vital importance. In 2018, certain D.C. neighborhoods have outshined others when it comes to appreciation.
Here are the six neighborhoods in the city that, according to bi-annual Urbanturf data, have seen the highest price appreciation this year as of June 15.
To qualify for the study, each neighborhood had to record at least 15 sales this year. Urbanturf used legal subdivision statistic from Bright MLS to compile the list.
The two neighborhoods leading the way, Trinidad and Forest Hills, are on opposite sides of the city. Trinidad is known for its affordable-for-the-city rowhouses and its proximity to thrilling nightlife attractions, while Forest Hills should be on the radar of anyone who appreciates treelined streets and neighborhood-friendly parades.
Here are the five neighborhoods that have seen the most price appreciation this year and a few features to note about each one:
1. Trinidad: 33% Appreciation
Median Sales Price 2017: $425,000
Median Sales Price 2018: $565,000
Trinidad’s housing stock is primarily Victorian and Craftsman-style rowhouses, many of which have been converted to condominiums, said Larry Bivins, a sales associate at Long & Foster Real Estate. The houses are up a few steps from the sidewalk, which makes room for yards of flowers, rock gardens and even little fountains. Entrance doors are a mix of colors, including yellow, red and royal blue. Rooflines are flat, slanted or pointed. Behind the houses are patios, yards, decks, garden sheds and alleys.
2. Forest Hills: 23% Appreciation
Median Sales Price 2017: $406,000
Median Sales Price 2018: $499,500
This neighborhood is characterized by its lush greenery, community vibe, and great public schools. There are many embassies in this neighborhood, and pedestrians can walk to Van Ness/UDC Metro Station, the shops on Connecticut Avenue, and Tenley-Friendship Library.
3. Anacostia: 19% Appreciation
Median Sales Price 2017: $300,000
Median Sales Price 2018: $357,500
Anacostia is known for its active, tight-knit residents and its historic pride. New retail is planning for the area and it continues to boom. Tour Cedar Hill or snap a pic of the Big Chair.
4. Eckington: 18% Appreciation
Median Sales Price 2017: $640,000
Median Sales Price 2018: $756,500
This neighborhood is characterized by two-level houses with porches and tiny front yards. A mix of Victorian-style houses with steeply pitched roofs, Federal structures with flat roofs and taller apartment buildings adds visual diversity.
5. Michigan Park: 17% Appreciation
Median Sales Price 2017: $530,000
Median Sales Price 2018: $620,000
There’s real variety in the styles in this neighborhood — from rowhouses and duplexes to Colonials, Cape Cods and even the odd mid-century modern ranch-type house — but most homes are fairly modest in size and just about everything is built out of brick. Small, neat yards and tall hardwood trees line the streets.