Bride & Groom MOM Subscribe

Find Local

Articles > Homes

How Much is a House in Georgetown?

Find out how far your money will go in Georgetown.

Handsome Federal and Victorian rowhouses, many from the 18th century, line the streets of Georgetown. Photograph by Jeff Elkins.

Georgetown has long been one of Washington’s most expensive neighborhoods. Tom Anderson, president of Washington Fine Properties, says the reason is simple: “It’s historic and it’s finite—it can’t be expanded.”

In 2011, Georgetown ranked as the eighth-most expensive Zip code in the region, with a median sales price of $770,000. Most of the neighborhoods that beat it out are suburban areas where the homes are much larger. According to the real-estate brokerage Redfin, the median price per square foot in Georgetown over the past two years was $669; in Great Falls it was $282 and in Potomac $303.

How far does your money go in Georgetown? In July, a two-bedroom, 2½-bath Federal-style home on P Street, built in 1900 but with a recently renovated kitchen, sold for $1.02 million. In May, a five-bedroom, 5½-bath Victorian on 31st Street sold for $4.6 million.

Parking spots are often not included and typically sell for $25,000 to $75,000, although tax records show they’ve gone for more than $150,000.

Back to the Best of Georgetown ››

Comments
blog comments powered by Disqus

Most Popular on Washingtonian

Kevin Spacey's Brilliant and Weirdly Effective Campaign to Win Over DC

The Insane Story of the Guy Who Killed the Guy Who Killed Lincoln

The Union Market Housing Boom Is About to Explode

Did the Nationals Dump Chuck Brown?

The Great Washington Bucket List: 50 Things Every Local Needs to Do

12 New Restaurants to Try Now

Peek Inside a Historic Kalorama Condo Listed for Under $435,000

Watch Foo Fighters' Homage to Jim Vance

These are Washington's Most Endangered Historic Sites