Washington DC Mortgage & Property Tax Guide 2025
Washington DC has an average property tax rate of 0.85% and a state income tax of 4–10.75%. The median home price is approximately $620,000.
Is Washington DC a Good State to Buy a Home?
DC offers unmatched job stability with federal government, contractors, and NGOs. The housing market is consistently strong with limited inventory. Many buyers opt for nearby Maryland or Virginia suburbs for more space.
Property Tax in Washington DC
On a $620,000 home in Washington DC, you would pay approximately $5,270/year (439/month) in property taxes at the 0.85% average rate. Rates vary by county.
What is the average mortgage payment in Washington DC?
For a $750,000 home with 20% down at 7.2% over 30 years, expect to pay approximately $4,754/month including property tax and insurance in Washington DC.
How much income do I need to buy a house in Washington DC?
To comfortably afford a $750,000 home in Washington DC (28% DTI rule), you typically need a household income of at least $204,000/year.
Does Washington DC have a first-time home buyer program?
Yes. Washington DC offers state-level down payment assistance and mortgage credit certificate programs for eligible first-time buyers. Contact your local housing finance agency for current income and purchase price limits.