Zip codes with the fastest growing rent in Washington, D.C.

Written by:
March 25, 2021
realtor.com

Zip codes with the fastest growing rent in Washington, D.C.

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in Washington D.C. using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

Zip codes with the fastest growing rent in Washington, D.C.

Since the start of the 21st century and prior to the coronavirus pandemic, the cost of rent has skyrocketed across America. Every state in the nation saw a spike in the cost of apartments and other residential rentals. Places like Washington D.C., California, and Hawaii have seen rent prices more than double over the past two decades.

While the reasons for rent hikes may vary by locality, one of the major factors for higher costs is the overall decline in homeownership, which hit a peak of 66% in 2000. That, in turn, has led to more Americans turning to rentals, ultimately pushing up the amount landlords can charge. The problem is exacerbated by a shortage of construction workers, which makes it difficult for developers to boost the supply of available housing.

The coronavirus pandemic threw rental properties for a proverbial loop. The Census Bureau in April 2020 launched a Household Pulse Survey providing weekly updates on how individuals and families have been affected during the pandemic. Data show ongoing difficulties in finding work, affording food, and paying the rent. Meanwhile, the pandemic has created a “seesaw effect” on rent, with rental rates in the most expensive U.S. cities dropping while rental rates have gone up in historically less expensive areas.

Stacker compiled a list of zip codes with the fastest growing rent in Washington D.C. using data from Zillow. Zip codes are ranked by the change in Zillow Observed Rent Index for all homes and apartments over the last year as of January 2021. Listings and images are from realtor.com.

#17. 20002

- 1 year rent change: -8.9%
- 5 year rent change: +2.3%
- Typical rent: $1,996
--- 3.5% less than typical rent in Washington, DC metro

- Pictured (for rent): 405 10th St NE, Washington 20002 ($1,933)

#16. 20005

- 1 year rent change: -8.8%
- 5 year rent change: -5.3%
- Typical rent: $2,279
--- 10.1% above typical rent in Washington, DC metro

- Pictured (for rent): 1301 Vermont Ave NW, Washington 20005 ($2,328)

#15. 20001

- 1 year rent change: -8.4%
- 5 year rent change: -5.0%
- Typical rent: $2,282
--- 10.3% above typical rent in Washington, DC metro

- Pictured (for rent): 84 P St NW, Washington 20001 ($4,595)

#14. 20036

- 1 year rent change: -7.9%
- 5 year rent change: -6.3%
- Typical rent: $1,920
--- 7.2% less than typical rent in Washington, DC metro

- Pictured (for rent): 1414 17th St NW, Washington 20036 ($1,995)

#13. 20003

- 1 year rent change: -7.7%
- 5 year rent change: -3.4%
- Typical rent: $2,204
--- 6.5% above typical rent in Washington, DC metro

- Pictured (for rent): 401-409 St E, Washington 20003 ($1,300)

#12. 20008

- 1 year rent change: -7.0%
- 5 year rent change: -1.7%
- Typical rent: $1,881
--- 9.1% less than typical rent in Washington, DC metro

- Pictured (for rent): 2701 Connecticut Ave NW, Washington 20008 ($3,383)

#11. 20037

- 1 year rent change: -6.5%
- 5 year rent change: 0.0%
- Typical rent: $2,284
--- 10.4% above typical rent in Washington, DC metro

- Pictured (for rent): 924 25th St NW, Washington 20037 ($1,950)

#10. 20009

- 1 year rent change: -4.7%
- 5 year rent change: -0.7%
- Typical rent: $2,223
--- 7.4% above typical rent in Washington, DC metro

- Pictured (for rent): 2101 New Hampshire Ave NW, Washington 20009 ($1,930)

#9. 20024

- 1 year rent change: -3.9%
- 5 year rent change: +10.9%
- Typical rent: $2,172
--- 5.0% above typical rent in Washington, DC metro

- Pictured (for rent): 1900 Half St SW, Washington 20024 ($5,557)

#8. 20004

- 1 year rent change: -3.8%
- 5 year rent change: +0.6%
- Typical rent: $2,358
--- 14.0% above typical rent in Washington, DC metro

- Pictured (for rent): 444 8th St NW, Washington 20004 ($3,635)

#7. 20016

- 1 year rent change: -3.5%
- 5 year rent change: +7.9%
- Typical rent: $2,089
--- 1.0% above typical rent in Washington, DC metro

- Pictured (for rent): 3201 Wisconsin Ave NW, Washington 20016 ($2,950)

#6. 20017

- 1 year rent change: -2.5%
- 5 year rent change: +3.6%
- Typical rent: $2,306
--- 11.5% above typical rent in Washington, DC metro

- Pictured (for rent): 1201 Perry St NE, Washington 20017 ($850)

#5. 20010

- 1 year rent change: -2.0%
- 5 year rent change: +2.2%
- Typical rent: $2,086
--- 0.8% above typical rent in Washington, DC metro

- Pictured (for rent): 1319 Park Rd NW, Washington 20010 ($2,595)

#4. 20015

- 1 year rent change: -0.3%
- 5 year rent change: +16.7%
- Typical rent: $1,772
--- 14.4% less than typical rent in Washington, DC metro

- Pictured (for rent): 5333 Connecticut Ave NW, Washington 20015 ($3,778)

#3. 20011

- 1 year rent change: 0.0%
- 5 year rent change: +14.9%
- Typical rent: $2,105
--- 1.7% above typical rent in Washington, DC metro

- Pictured (for rent): 3900 16th St NW, Washington 20011 ($1,512)

#2. 20007

- 1 year rent change: +3.9%
- 5 year rent change: +13.9%
- Typical rent: $2,432
--- 17.5% above typical rent in Washington, DC metro

- Pictured (for rent): 2702 Wisconsin Ave NW, Washington 20007 ($2,022)

#1. 20020

- 1 year rent change: +4.4%
- 5 year rent change: +27.4%
- Typical rent: $1,974
--- 4.6% less than typical rent in Washington, DC metro

- Pictured (for rent): 2562 Naylor Rd SE, Washington 20020 ($1,586)

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