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2 Bedroom Showcase | These Homes Are Less Than DC Rent!


UrbanLand Company
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DC’s “average rent” for a 2 bedroom apartment currently sits at $2,416/month. That number is pulled from surveys of area apartment complexes, private listings and other available data. You may pay a little less if you rent from a private owner, rent from family or are just plain lucky.

“The DC area has always had extremely high rental prices, and those rental rates continue to rise year after year,” said Gerard DiRuggiero, Principal Broker of UrbanLand Company. “A lot of busy area professionals simply don’t realize that the money you pay in DC rent can be easily turned into owning a home in DC, Maryland or Virginia.

Interest rates on 30 year fixed rate mortgages are at 4.03% nationally from select banks for those who have stellar personal credit. You’ll pay around 5% interest for specialty loans like the DC Open Doors $0 Down Payment Program or the Maryland Mortgage Program’s parallel down payment assistance program.

Here’s tangible proof of 2 bedroom condos and homes you can buy right now in DC that are less than the average 2 bedroom rent. We’re assuming a 3.5% Down Payment using an FHA loan, a normal interest rate and a purchase price not to exceed $300,000 on a 2 bedroom. That gives you a monthly mortgage payment of $2070.56 and leaves room for condo fees, property mortgage insurance (PMI) and other associated costs. Note – the condo shown in the photo is a 2 bedroom that we recently sold!

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$299,900 - 2Br/1Ba -  for Sale in Deanwood, Washington

918 Division Ave Ne Washington, DC 20019

Price $299,900
Beds 2
Baths 1
Living Area SqFt 1,215
Status Active
MLS # DC10287259
Property Type Semi-detached
 
$275,000 - 2Br/1Ba -  for Sale in Randle Heights, Washington

3034 Stanton Rd Se Washington, DC 20020

Price $275,000
Beds 2
Baths 1
Living Area SqFt 832
Status Active
MLS # DC10285083
Property Type Townhouse
 
$275,000 - 2Br/1Ba -  for Sale in Deanwood, Washington

5007 Lee St Ne Washington, DC 20019

Price $275,000
Beds 2
Baths 1
Living Area SqFt 622
Status Active
MLS # DC10252996
Property Type Detached
 
$265,000 - 2Br/2Ba -  for Sale in Fort Dupont Park, Washington

352 Burbank St Se Washington, DC 20019

Price $265,000
Beds 2
Baths 2
Living Area SqFt 884
Status Active
MLS # DC10145130
Property Type Semi-detached
 
$265,000 - 2Br/1Ba -  for Sale in Fort Dupont Park, Washington

3308 D St Se Washington, DC 20019

Price $265,000
Beds 2
Baths 1
Living Area SqFt 830
Status Active
MLS # DC10252615
Property Type Detached
 
$249,900 - 2Br/1Ba -  for Sale in Trinidad, Washington

1211 Holbrook Ter Ne #3 Washington, DC 20002

Price $249,900
Beds 2
Baths 1
Living Area SqFt 673
Status Active
MLS # DC10216649
Property Type Garden 1-4 Floors
 
$249,900 - 2Br/1Ba -  for Sale in Trinidad, Washington

1240 18th St Ne #4 Washington, DC 20002

Price $249,900
Beds 2
Baths 1
Living Area SqFt 701
Status Active
MLS # DC10211337
Property Type Garden 1-4 Floors
 
$240,000 - 2Br/1Ba -  for Sale in Marshall Heights, Washington

5612 Southern Ave Se Washington, DC 20019

Price $240,000
Beds 2
Baths 1
Living Area SqFt 1,102
Status Active
MLS # DC10215758
Property Type Semi-detached
 
$239,900 - 2Br/1Ba -  for Sale in Fort Dupont Park, Washington

4434 B St Se Washington, DC 20019

Price $239,900
Beds 2
Baths 1
Living Area SqFt 700
Status Active
MLS # DC10286688
Property Type Detached
 

Want to learn how to buy a home or condo? We have free group Home Buyer Workshops twice a week, every week. Here’s the schedule:

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