Is Georgetown Dc Expensive

Last week, we looked at Capitol Hill and today we head over to Georgetown. Perennially one of DC’s most expensive housing markets in DC, Georgetown remains in that category in 2020 with a median home price above $1 million despite prices dropping 14 percent year-over-year.

Why is Georgetown DC so expensive?

Rent costs in the District have skyrocketed relative to those in other cities due to a growing population and limited availability of housing, according to Brian McCabe, associate professor of sociology at Georgetown, whose research has investigated housing policy and urban issues.

Is Georgetown an expensive place to live?

Georgetown is ranked 151 out of 273 cities across the US in terms of cost of living. The cost of living in Georgetown is 92.8% of the national average.