Money Saving Tips :: Washington DC Homes for Sale
Washington DC Homes for Sale: Great Homes for Sale in Washington, DC
Searching for affordable Washington, DC homes for sale, but running into multi-million dollar diplomatic homes and mansions? For an overview of affordable Washington, DC living and where you can look for city homes that are reasonably priced, keep reading.
About Living in Washington, DC
The majority of Washington residents are involved in public administration, government services, diplomatic missions or businesses related to government contracts. Subsequently, over 30 percent of Washington's residents possess a university degree, which is significantly higher than the national average.
There is a strong focus on government, but also a commitment to the city itself. After a severe crime wave in the early 1990s, Washington has experienced a resurgence and total community rejuvenation. Crime rates have been reduced, property values have risen and DC residents are taking pride in their city.
Property Taxes in Washington, DC
In Washington, DC the property tax rate for residential properties is $0.85 for every $100 of registered value. That means that a home valued at $350,000 can expect to pay $2975 each year in property taxes.
Property tax rates for the area may seem high, but this is because about 30 percent of the district's property is government owned or occupied by diplomatic offices, making it exempt from paying property taxes.
There are three property tax relief programs in Washington, DC. These include tax credits for historic properties, tax relief for senior citizens and low income residents and the homestead exemption, which reduces a property's assessed value for owner-occupied primary residences.
Property Values in Washington, DC
The median sales price for Washington, DC homes for sale is currently hovering just under $450,000 while the median home value sits at about $384,000.
New Housing Developments in the Washington, DC area
Axis Condos in Capitol Hill
As the area's newest condo development, Axis Condos represents a new wave of Washington, DC homes for sale. Just 3 blocks from the Metro, built-in wi-fi and networking, contemporary design and cool style, the Axis represents modern Washington among the historic beauty of traditional Capitol Hill.
For pricing, one bedroom units start at $315,000, while two-bedroom units start at $379,900. For more information, you can contact their sales office at 202-719-9111 or visit http://www.theaxiscondos.com.
Dakota Crossing by Pulte Homes
With premiere townhouses priced at the $500,000 mark, Dakota Crossing offers a combination of metropolitan DC living along with the space and comfort of owning a freehold home. For residents looking for affordable Washington, DC homes for sale, Dakota Crossing could be it.
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