The story of this market
The typical home in ZIP 20005 sells for about $475,000, or $725 per square foot.
Prices are down 10.2% from a year ago, which gives buyers more room to negotiate. Homes take about 43 days to sell. HUD's fair market rent for a two-bedroom is $2,298 a month.
ZIP 20005 — Washington
The 20005 housing market is experiencing a cooling phase, evidenced by a year-over-year decline in median prices and an increase in days on market. Softening demand in the downtown core, coupled with a shift in buyer preferences, has led to a more competitive environment for sellers who must now adjust pricing to meet current market realities.
This ZIP is ideal for young professionals, urban commuters, and investors seeking high-density living in the heart of the nation's capital, offering proximity to work and nightlife.
Median prices moved down 10.2% year over year.
Homes spend a median of 43 days on market with 3.2 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 9.1% — a stable, low-distress profile.
Built from 304 recorded sales in the last 24 months against HUD 3-bedroom fair market rents. The location premium is the part of the price that rent, income, education, employment, vacancy, price trend, hazard, lending and flood risk don't explain. It usually reflects amenities, schools and scarcity. It's area context and does not change this ZIP's home value estimates.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 1.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 1.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 20005, District of Columbia
Crime in the 20005 area is characterized by higher rates of property crime compared to the national average, consistent with its dense urban core location in downtown Washington, D.C.
Public schools serving the area are part of the District of Columbia Public Schools (DCPS) system, which offers a mix of traditional and charter options with varying performance ratings.
The area is primarily an urban environment with low risk for wildfires, though it is subject to standard urban flood management protocols and regional insurance requirements for D.C.
The area benefits from proximity to major federal employment hubs, the K Street corridor, and ongoing mixed-use redevelopment projects that integrate residential and commercial spaces.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (District of Columbia) — Deed Transfer Tax: 1.5% of consideration or fair market value; 1.1% for residential properties under $250,000. State (District of Columbia) — Deed Recordation Tax: 1.5% of consideration or fair market value; 1.1% for residential properties under $250,000. State (District of Columbia) — Real Property Tax: Class 1 (improved residential) is taxed at $0.96 per $100 of assessed value. Assessed at 100% of market value. Owner-occupied Class 1 properties receive a $30,000 exemption from assessed value.
Residents enjoy exceptional transit access via multiple Metro stations (McPherson Square, Farragut North) and are within walking distance of major downtown employment centers.
The ZIP code features proximity to Franklin Square, numerous high-end dining and shopping districts, and easy access to the National Mall and various cultural museums.
The rental market is highly active with sustained demand from young professionals, though vacancy pressure has fluctuated due to new luxury apartment deliveries in the surrounding Logan Circle and downtown areas.
The economy is anchored by the federal government, international organizations, and a robust professional services sector including law, lobbying, and consulting firms.
The area is served by the WMATA Metrorail system with multiple lines converging in the downtown core, providing extensive regional connectivity.
Development is focused on adaptive reuse of commercial office buildings into residential condominiums and apartments to address housing demand.
Parcels are subject to District of Columbia municipal taxes and various Business Improvement District (BID) assessments.
Property insurance in the District is standard for urban environments, with premiums influenced by building age and proximity to flood-prone areas near the Potomac River.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- The St. James4.411 mi
- F1 Arcade Washington, D.C.4.61.8 mi
- Sky Zone Trampoline Park412.1 mi
- Lake Fairfax Park4.616 mi
- Urban Air Trampoline and Adventure Park4.114.6 mi
- Nationals Park4.62.5 mi
- Capital One Arena4.50.6 mi
- Northwest Stadium48.9 mi
- Walter E. Washington Convention Center4.50.3 mi
- International Spy Museum4.41.4 mi
- Lincoln Memorial4.81.5 mi
- Smithsonian National Museum of Natural History4.80.9 mi
- Smithsonian's National Air and Space Museum4.61.2 mi
- Smithsonian National Zoological Park4.62.1 mi
- Washington Monument4.71.1 mi
- Lincoln Memorial4.81.5 mi
- Smithsonian National Museum of Natural History4.80.9 mi
- Smithsonian's National Air and Space Museum4.61.2 mi
- United States Capitol4.71.5 mi
- National Mall4.81.2 mi
- Lincoln Memorial4.81.5 mi
- National Mall4.81.2 mi
- United States Botanic Garden4.81.4 mi
- Martin Luther King, Jr. Memorial4.91.5 mi
- Brookside Gardens4.810.7 mi
- The Wharf DC4.71.8 mi
- Adventures Unbound: Columbia Island Marina4.62.3 mi
- Washington Sailing Marina4.75 mi
- The Wharf Marina4.71.9 mi
- Adventures Unbound: James Creek Marina4.52.9 mi
- Topgolf National Harbor47.4 mi
- East Potomac Golf Links4.12.1 mi
- Congressional Country Club4.710.2 mi
- Puttery4.50.6 mi
- Langston Golf Course & Driving Range4.33.2 mi
- Tysons Corner Center4.610.5 mi
- Tanger Outlets National Harbor4.47.7 mi
- Union Market4.51.7 mi
- Fashion Centre at Pentagon City4.43.3 mi
- Springfield Town Center4.411.9 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A historic urban park serving as a green anchor for the downtown business district.
A major cultural attraction located within the ZIP code boundaries.
The primary hub for lobbying, law, and professional services in Washington, D.C.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.