Redfin Report: D.C. Rents Up 2.7% in February Following 3 Months of Declines; Too Soon to Tell if Whether Federal Job Cuts Will Affect the Market
Redfin (NASDAQ: RDFN) reports that Washington D.C.'s median rent increased 2.7% year-over-year to $2,325 in February 2024, following three months of declines. The District's rents decreased in 9 of the past 12 months, with the peak at $2,463 in July 2023.
In the surrounding areas, Arlington, VA led with a 12.1% rent increase to $2,591, followed by Bethesda, MD (+11.1%) and Alexandria, VA (+6.4%). Conversely, Silver Spring, MD saw the largest decline (-7.3%) to $1,695. The greater D.C. metro area's median rent rose 9.2% to $2,045.
New apartment construction trends show significant slowdown: D.C. approved 11 units per 1,000 people in 2022, dropping to 4 in 2023 and 2 in 2024. Arlington County similarly decreased from 13 units per 1,000 people in 2021 to just 1 in 2024.
Redfin (NASDAQ: RDFN) riporta che l'affitto medio a Washington D.C. è aumentato del 2,7% rispetto all'anno precedente, raggiungendo i $2,325 a febbraio 2024, dopo tre mesi di calo. Gli affitti nel Distretto sono diminuiti in 9 dei 12 mesi passati, con un picco di $2,463 a luglio 2023.
Nei dintorni, Arlington, VA ha registrato il maggior aumento degli affitti con un +12,1% a $2,591, seguita da Bethesda, MD (+11,1%) e Alexandria, VA (+6,4%). Al contrario, Silver Spring, MD ha visto il maggior calo (-7,3%) a $1,695. L'affitto medio dell'area metropolitana di D.C. è aumentato del 9,2% a $2,045.
Le tendenze nella costruzione di nuovi appartamenti mostrano un significativo rallentamento: D.C. ha approvato 11 unità ogni 1.000 persone nel 2022, scendendo a 4 nel 2023 e 2 nel 2024. La Contea di Arlington ha visto una diminuzione simile, passando da 13 unità ogni 1.000 persone nel 2021 a solo 1 nel 2024.
Redfin (NASDAQ: RDFN) informa que el alquiler medio en Washington D.C. aumentó un 2.7% interanual a $2,325 en febrero de 2024, tras tres meses de caídas. Los alquileres en el Distrito disminuyeron en 9 de los últimos 12 meses, alcanzando un pico de $2,463 en julio de 2023.
En las áreas circundantes, Arlington, VA lideró con un aumento del 12.1% en el alquiler a $2,591, seguido por Bethesda, MD (+11.1%) y Alexandria, VA (+6.4%). Por el contrario, Silver Spring, MD experimentó la mayor caída (-7.3%) a $1,695. El alquiler medio del área metropolitana de D.C. aumentó un 9.2% a $2,045.
Las tendencias de construcción de nuevos apartamentos muestran una desaceleración significativa: D.C. aprobó 11 unidades por cada 1,000 personas en 2022, bajando a 4 en 2023 y 2 en 2024. El Condado de Arlington también disminuyó de 13 unidades por cada 1,000 personas en 2021 a solo 1 en 2024.
Redfin (NASDAQ: RDFN)는 2024년 2월에 워싱턴 D.C.의 평균 임대료가 전년 대비 2.7% 증가하여 $2,325에 도달했다고 보고했습니다. 이는 3개월 연속 하락세를 보인 후의 결과입니다. 이 지역의 임대료는 지난 12개월 중 9개월 동안 감소했으며, 2023년 7월에는 $2,463로 정점을 찍었습니다.
주변 지역에서는 Arlington, VA가 12.1%의 임대료 증가로 $2,591로 선두를 달렸고, 그 뒤를 이어 Bethesda, MD (+11.1%)와 Alexandria, VA (+6.4%)가 뒤따랐습니다. 반면, Silver Spring, MD는 가장 큰 하락폭(-7.3%)을 기록하며 $1,695로 떨어졌습니다. D.C. 광역 지역의 평균 임대료는 9.2% 상승하여 $2,045에 이르렀습니다.
신규 아파트 건설 추세는 심각한 둔화를 보여줍니다: D.C.는 2022년에 인구 1,000명당 11개 유닛을 승인했으나, 2023년에는 4개로, 2024년에는 2개로 감소했습니다. Arlington 카운티 역시 2021년에 인구 1,000명당 13개 유닛에서 2024년에는 단 1개로 감소했습니다.
Redfin (NASDAQ: RDFN) rapporte que le loyer médian à Washington D.C. a augmenté de 2,7 % d'une année sur l'autre pour atteindre 2 325 $ en février 2024, après trois mois de baisse. Les loyers du district ont diminué dans 9 des 12 derniers mois, atteignant un pic de 2 463 $ en juillet 2023.
Dans les environs, Arlington, VA a enregistré la plus forte augmentation de loyer avec 12,1 % à 2 591 $, suivie de Bethesda, MD (+11,1 %) et Alexandria, VA (+6,4 %). En revanche, Silver Spring, MD a connu la plus forte baisse (-7,3 %) à 1 695 $. Le loyer médian de la grande région de D.C. a augmenté de 9,2 % à 2 045 $.
Les tendances de construction de nouveaux appartements montrent un ralentissement significatif : D.C. a approuvé 11 unités pour 1 000 personnes en 2022, tombant à 4 en 2023 et 2 en 2024. Le comté d'Arlington a également diminué, passant de 13 unités pour 1 000 personnes en 2021 à seulement 1 en 2024.
Redfin (NASDAQ: RDFN) berichtet, dass die durchschnittliche Miete in Washington D.C. im Februar 2024 im Vergleich zum Vorjahr um 2,7% auf $2,325 gestiegen ist, nachdem es drei Monate lang Rückgänge gegeben hatte. Die Mieten im Distrikt sind in 9 der letzten 12 Monate gesunken, mit einem Höchststand von $2,463 im Juli 2023.
In den umliegenden Gebieten führte Arlington, VA mit einem Anstieg der Mieten um 12,1% auf $2,591, gefolgt von Bethesda, MD (+11,1%) und Alexandria, VA (+6,4%). Im Gegensatz dazu verzeichnete Silver Spring, MD den größten Rückgang (-7,3%) auf $1,695. Die durchschnittliche Miete im Großraum D.C. stieg um 9,2% auf $2,045.
Die Trends im Neubau von Wohnungen zeigen eine signifikante Verlangsamung: D.C. genehmigte 2022 11 Einheiten pro 1.000 Personen, was 2023 auf 4 und 2024 auf 2 fiel. Auch der Arlington County verzeichnete einen Rückgang von 13 Einheiten pro 1.000 Personen im Jahr 2021 auf nur 1 im Jahr 2024.
- Metro D.C. area rents up 9.2% YoY
- Arlington rents increased 12.1% to $2,591
- Bethesda rents rose 11.1%
- District's rent recovered 2.7% in February
- New apartment permits dropped from 11 to 2 units per 1,000 people (2022-2024)
- Silver Spring rents declined 7.3%
- Arlington construction dropped from 13 to 1 unit per 1,000 people
- D.C. rents declined in 9 of past 12 months
Rents have been falling most of the past year thanks to an increase in new construction, but permits for new apartment buildings are slowing
Asking rents have fallen nine of the past 12 months in the District, even as the wider
The median asking rent in the District peaked at
Too early to tell if federal government job cuts will impact rents
The rise in asking rents in February comes as federal workers—who make up a significant proportion of the District’s workforce—face ongoing uncertainty amid return-to-office mandates and job cuts across multiple agencies.
Redfin Senior Economist Sheharyar Bokhari said it is too early to assess the impact of federal government job cuts on the local rental market.
“The District is always in transition, especially when a new administration takes office, with people moving in and out of the city for both government and private sector work opportunities,” Bokhari said. “Rents will be impacted if laid-off workers move away in droves, but also by workers who want to live closer to where they work, now they are required to be in the office.”
Bokhari said it’s also important to note that apartment construction is now slowing, leading to less new supply in coming years.
The District approved permits for 11 apartment units per 1,000 people in 2022, but that number slowed in 2023 (4 per 1,000 people) and 2024 (2 per 1,000 people).
Among the 10 most-populous cities surrounding the District,
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At the other end of the spectrum,
Zooming out, the median rent in the greater
To view the full report, please visit: https://www.redfin.com/news/washington-dc-rent-report.
About Redfin
Redfin (www.redfin.com) is a technology-powered real estate company. We help people find a place to live with brokerage, rentals, lending, and title insurance services. We run the country's #1 real estate brokerage site. Our customers can save thousands in fees while working with a top agent. Our home-buying customers see homes first with on-demand tours, and our lending and title services help them close quickly. Our rentals business empowers millions nationwide to find apartments and houses for rent. Since launching in 2006, we've saved customers more than
Redfin’s subsidiaries and affiliated brands include: Bay Equity Home Loans®, Rent.™, Apartment Guide®, Title Forward® and WalkScore®.
For more information or to contact a local Redfin real estate agent, visit www.redfin.com. To learn about housing market trends and download data, visit the Redfin Data Center. To be added to Redfin's press release distribution list, email press@redfin.com. To view Redfin's press center, click here.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250305705822/en/
Contact Redfin
Redfin Journalist Services:
Kenneth Applewhaite
press@redfin.com
Source: Redfin
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