The subject of today’s snapshot is for the neighborhood, Downtown Washington D.C. Based on our analysis, Washington DC’s year-over-year average rents decreased across all bedroom types.
Our standard neighborhood analysis uses a 12-month “LookBack” to establish an average baseline rent. The results from the 12-month LookBack analysis are presented in the tables below for Washington DC 1-2 bedroom rents from August 1, 2020 – August 1, 2021:
As the table shows, 1BR units decreased by 3% from last year or $66 less, and 2BR units decreased by 9% or $300 less. As demonstrated by the table, year-over-year performance for the selected bedroom types decreased.
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This article was written by the Rentometer Content Team. The Rentometer Blog features fresh takes and insights on rental housing topics, services, and technology.