How Much House Can I Afford in Washington, DC?
Use local market data to estimate what you can afford in Washington. The median home value is $640,000 with a population of 670,000.
$
$
Car loans, student loans, credit cards
%
FAQ — Buying in Washington
How much house can I afford in Washington?
The median home value in Washington is $640,000. At a 20% down payment ($128,000) and a 6.37% rate, the estimated P&I payment would be roughly $3,193 per month — before taxes and insurance. Use the calculator above with your actual income and debts for a personalized answer.
What is the 28/36 rule for buying a home in Washington?
The 28/36 rule suggests your housing payment should not exceed 28% of gross monthly income, and total debt payments should not exceed 36%. In Washington with a median home price of $640,000, this means your gross monthly income should ideally be at least $11,402 to keep housing comfortably within the 28% threshold.
How do Washington property taxes affect my affordability?
District of Columbia has an effective property tax rate of 0.56%, which adds approximately $299 per month to your housing cost on a median-priced home.
What 2026 loan limits apply in Washington?
In 2026, the FHA loan limit for District of Columbia is determined by HUD based on local median home prices. The conforming limit set by FHFA is at least $832,750 — loans above this are jumbo mortgages with different qualification standards. Higher-cost counties may have elevated limits.