Top Locations Are Washington DC Apartments for Sale a Good Investment Opportunity? by Mays Kuhail April 15, 2018April 15, 2018 by Mays Kuhail April 15, 2018April 15, 2018 Are you a new or experienced real estate investor? Are you looking for your next investment property to buy? How about investing in an apartment in the Washington DC real estate market? To see whether that’s a good real estate investment opportunity at the moment, continue reading. Washington DC apartments for sale: What’s the housing market looking like? So, what are Washington DC apartments for sale looking like in 2018? Simply said, the Washington DC real estate market is a great market with many investment opportunities. The job market is doing well, with both government jobs and growing businesses. It’s also a city with some of the nation’s best educational institutions, so students are constantly flowing into universities like American University (AU), The George Washington University, and George Mason University, among others. Washington DC apartments for sale: Is it a buyer’s market or a seller’s market? The Washington DC real estate market is currently a seller’s market. There’s high competition among property buyers which favors property sellers. So, if you’re looking for Washington DC apartments for sale, you need to plan quite well. Buying investment properties in a seller’s market is not impossible, but it takes more work than buying rental properties in a buyer’s market. Finding the right property becomes more difficult with a shorter supply and higher competition on buyers’ end. Related: How to Buy an Investment Property in a Seller’s Market Washington DC apartments for sale: Airbnb Washington DC The nation’s capital attracted 22 million national and international visitors in 2016, and the numbers are continuing to grow at city records. DC is a cultural and entertainment hub. The annual Cherry Blossom Festival is right around the corner, and that’s just one of hundreds of other festivals which take place in the city and which attract thousands of tourists, especially around spring and summer. The Washington DC Airbnb market continues to grow as the city itself grows as a tourist destination. In 2017 alone, Airbnb investors in Washington DC had revenues amounting to $84 million approximately. 5,600 guests rented Airbnb apartments for New Year’s alone. This is just a small indicator of how successful the home sharing service is in the nation’s capital. Airbnb nationwide is witnessing a lot of controversy. Cities like New York City and San Francisco have seen quite fierce legal battles with the home sharing service. Most recently, Airbnb started to collect hotel taxes from Virginia hosts, but there are no news on developments in Airbnb Washington DC. The city’s Airbnb market is among the least controversial in the nation, so if you’re looking for Washington DC apartments for sale, definitely consider Airbnb Washington DC. Related: Does Airbnb Washington DC Make for a Good Real Estate Investment? Washington DC apartments for sale: Top Neighborhoods to Invest in Washington DC is full of great neighborhoods to invest in, among the top neighborhoods for Washington DC apartments for sale are the following: Penn Quarter Located at the East End of Downtown, the neighborhood is a cultural and entertainment hub in DC. The neighborhood is known for its bars and restaurants, art galleries and museums, and festival areas, as well as theaters and arenas (like the Capital One Arena). An affordable option, Penn Quarter is a better traditional investment, but is still a successful Airbnb opportunity. Median Home Price: $469,900 Average Rental Income per Month Airbnb: $1,772 Traditional: $2,249 CoC Return Airbnb: 1.47% Traditional: 2.45% Cap Rate Airbnb: 1.47% Traditional: 2.45% Note: The reason cap rate and CoC return are the same value in the provided data is because Mashvisor’s calculations assume all cash payments are made (no mortgage). NoMa NoMa, named due to its location on the north of Massachusetts Avenue NE in DC, is a fast developing, up and coming neighborhood in the city. It’s also undergoing restorations in several of its areas. Its proximity to Union Station and Union Market make it a very successful Airbnb investment. NoMa is also on the more affordable end of DC neighborhoods. Median Home Price: $567,400 Average Rental Income per Month Airbnb: $2,397 Traditional: $2,305 CoC Return Airbnb: 1.05% Traditional: 1.91% Cap Rate Airbnb: 1.05% Traditional: 1.91% Capitol Hill This neighborhood is among the biggest and oldest historic residential areas in DC. Capitol Hill refers to both the historic district and the larger residential area around the neighborhood. It’s also among the most densely populated neighborhoods in the city. It’s currently a center for a lot of government institutions and jobs “on the Hill”. Median Home Price: $867,000 Average Rental Income per Month Airbnb: $3,563 Traditional: $3,101 CoC Return Airbnb: 1.08% Traditional: 1.47% Cap Rate Airbnb: 1.08% Traditional: 1.47% Logan Circle Logan Circle is another historic residential neighborhood in the city. It is the most densely populated neighborhood in Washington DC, and today remains entirely residential. Its proximity to downtown as well as many of the cities amenities makes it among the top choices for DC residents. Logan Circle continues to grow, and continues to undergo renovation. Median Home Price: $699,900 Average Rental Income per Month Airbnb: $2,525 Traditional: $3,498 CoC Return Airbnb: 1.43% Traditional: 3.01% Cap Rate Airbnb: 1.43% Traditional: 3.01% Foggy Bottom Foggy Bottom is among the oldest neighborhoods in DC. The neighborhood coincides with most of the George Washington University campus, and is where much of GW’s students reside. That is to say, people will always look for Washington DC apartments for sale and rent in this neighborhood. Analyzing the neighborhoods data, one can also note how traditional investments amount for more profits in Foggy Bottom. Median Home Price: $849,000 Average Rental Income per Month Airbnb: $2,467 Traditional: $3,474 CoC Return Airbnb: 1.67% Traditional: 1.81% Cap Rate Airbnb: 1.67% Traditional: 1.81% In conclusion… Investing in the Capital is never a bad idea. Washington DC will always be a city that attracts job opportunities, tourists, and constant growth. For help on looking for Washington DC apartments for sale, make sure to use Mashvisor. Mashvisor’s investment analytical tools will help you find the right property, in the right place, at the right time. We provide real estate investors with data on different real estate indicators such as ROI, CoC return, cap rate, occupancy rate, expected rental return, optimal investment strategy, and the best neighborhoods in every city – all on one platform. Related: Mashvisor: The Best Rental Property Calculator You Could Ask for Start Your Investment Property Search! START FREE TRIAL Start Your Investment Property Search! START FREE TRIAL San Francisco CAWashington DC 0 FacebookTwitterGoogle +PinterestLinkedin Mays Kuhail Mays is a Content Writer and freelance creative writer with multiple years of experience in US real estate market analysis. Mays has background in communication, content development, and digital marketing. She holds a BA in Business Administration and Marketing. Previous Post Set Your Real Estate Investment Goals The Smart Way Next Post Investment Property Calculator: Do You Need One to Make Money in Real Estate? Related Posts Airbnb Las Vegas: The City With No Off Season Where to Look for the Best Real Estate Investments for 2018 Invest in Real Estate in the 5 Most Landlord Friendly States Best International Cities For Airbnb Occupancy Rate How Is the NJ Housing Market 2020 Doing? 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