CALCMONEY // HOME AFFORDABILITY // DC
Find out how much home you can afford in District of Columbia using local median home prices, current mortgage rates, and DC-specific property tax data.
Open Full Calculator$645,000
$3,968/mo
$293,979
$170,063/yr
| Median Home Price | $645,000 |
| Down Payment (20%) | $129,000 |
| Loan Amount | $516,000 |
| Monthly PI Payment | $3,398 |
| Monthly Property Tax | $301 |
| Monthly Insurance Est. | $269 |
| Total Monthly PITI | $3,968 |
| Required Gross Income (28% rule) | $170,063/yr |
| Max Affordable Price (28% rule) | $293,979 |
$22,575
$5,110/mo
District of Columbia Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $645,000 | State median |
| Down Payment (20%) | $129,000 | Conventional |
| Monthly PITI (median home) | $3,968 | 6.9% rate |
| Required Income (28% rule) | $170,063 | Annual gross |
| Max Affordable Home | $293,979 | Based on median income |
| FHA Down Payment (3.5%) | $22,575 | Minimum FHA |
Monthly PITI includes principal, interest, property tax, and homeowners insurance.
The median home price in District of Columbia is $645,000, with a current 30-year fixed mortgage rate of 6.9%. A buyer putting 20% down on the median home would carry a loan of $516,000, resulting in a monthly principal and interest payment of $3,398. Once property taxes and insurance are added, total monthly housing costs reach $3,968.
Property taxes in District of Columbia average 0.56%, well below the national average of 1.1%. On the median District of Columbia home, property taxes add $301/month to total housing costs.
District of Columbia levies a state income tax of 4%–10.75%, which affects take-home pay and therefore what you can realistically budget for housing. Mortgage interest may be deductible on both federal and District of Columbia state returns — consult a tax professional for your situation.
Using the 28% rule, a household earning District of Columbia's median income of $90,800/year can afford up to $2,119/month in total housing costs (principal, interest, taxes, and insurance). Based on District of Columbia's current mortgage rate of 6.9% and property tax rate of 0.56%, that translates to a maximum affordable home price of approximately $293,979 with 20% down on a 30-year loan.
To comfortably afford the median District of Columbia home priced at $645,000, you need an annual gross income of approximately $170,063. This is based on the standard 28% rule: your total monthly housing costs (principal and interest of $3,398, property taxes of $301, and insurance of $269) come to $3,968/month, which should not exceed 28% of your gross monthly income.
District of Columbia's average property tax rate is 0.56%, which is well below the national average of 1.1%. On the median District of Columbia home of $645,000, that means annual property taxes of $3,612, or $301/month. Because lenders include property taxes in your debt-to-income calculation, District of Columbia's property taxes have a relatively modest impact on overall affordability.
The minimum down payment depends on your loan type. For an FHA loan, you can put down as little as 3.5% — on the median District of Columbia home of $645,000, that is $22,575. Conventional loans typically require 5% down, though some programs allow 3%. Putting down 20% ($129,000 on the median District of Columbia home) lets you avoid private mortgage insurance (PMI), which can add 0.5%–1% to your annual loan cost. There are no District of Columbia-specific minimum down payment requirements beyond federal guidelines.