While Washington, D.C., is the main seat of the nation's government, it's not just the home of the White House and the US Capitol Building. It's also home to approximately 632,323 residents who live and work in the city each day. In addition, Washington plays host to more than 18 million tourists annually from around the world. For many reasons, it's a desirable -- and beautiful -- city to live and work in, whether you're single, raising a family or retired. If you're looking for a house to buy, an apartment to rent, or a rent to own home, Washington, D.C., will certainly have something for you.
Washington, DC is a great place for affordable rent-to-own homes! With a median household income of over $90,842 and a median rent of $1,607, the Washington, DC rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Washington, DC. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
Washington, DC has a walk score of
Washington, DC has a bike score of
The state tax rate is 4.0 to 9.75% on top of the federal tax rate of 10 to 37%.