Market Leaders Profile: Washington, D.C.

Data and information on the Washington remodeling market

September 30, 2009





Population: 5,358,130 (11.7 percent increase since 2000)

Home prices

• Down 11.8 percent from 2008

• Down 30.6 percent from May 2006 local peak

• Down 7.3 percent over last 5 years

• Up 79.5 percent over last decade

Homeownership rate: 67.7 percent (No. 40 among major metros)

Median household income: $81,163

Local unemployment rate: 6.2 percent (up from 4 percent in 2008)

Sources: S&P/Case Shiller Home Price Index, U.S. Bureau of Labor Statistics, U.S. Census Bureau 



RELATED LINKS



Washington Business Journal: Report: D.C.-area economy remains strong 

The Corner Office: Case Design/Remodeling 

BOWA Builders, 2006 Remodeler of the Year

 

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