{"id":659,"date":"2020-07-16T14:32:37","date_gmt":"2020-07-16T14:32:37","guid":{"rendered":"https:\/\/www.renthop.com\/content-manager\/?post_type=studies&p=13090"},"modified":"2020-07-16T14:33:33","modified_gmt":"2020-07-16T18:33:33","slug":"rents-are-dropping-at-46-of-dc-metro-stops-including-mcpherson-sq-dupont-circle","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/research\/rents-are-dropping-at-46-of-dc-metro-stops-including-mcpherson-sq-dupont-circle\/","title":{"rendered":"Rents are Dropping at 46% of DC Metro Stops, Including McPherson Sq & Dupont Circle"},"content":{"rendered":"

Even with severe impacts from COVID-19<\/a> on ridership, the Metro Rail system in the Washington D.C. metropolitan area is one of the busiest metro systems in the nation, serving riders living in the District of Columbia, as well as parts of Maryland and Virginia. The sprawling Metrorail transit system provides a backbone for the metropolitan area while stimulating business and real estate development. It is no wonder Metro proximity is one of the first things renters consider when looking for an apartment. It is almost always the case that the closer you are to a metro stop, the more expensive your apartment is. There is, however, still ways to save on rent. In fact, you might be able to save hundreds by moving just a couple of stops away from the center core, as shown in our 2020 D.C. Metro Rent Map.<\/p>\n

Some of our findings this year include:<\/strong><\/h5>\n

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  • Overall, median 1BR rent in Washington D.C. went up 2.9% from 2019 to 2020.<\/li>\n
  • Rent increased at only 39 stops, compared to 65 in 2019. 46% of the stops, or 42, experienced rent drops (compared to 32 stops in 2019)<\/strong>. 10 stops saw no changes in median 1BR rent.<\/li>\n
  • Median 1BR rent went up 8.3% at L’Enfant Plaza and Federal Center SW (Blue, Green, Orange, Silver, Yellow), mostly driven up by 1331 Maryland Ave SW, a new luxury rental building with 1BR apartments for rent starting from $2,290.<\/li>\n<\/ul>\n

     <\/p>\n

    Our Interactive D.C. Metrorail Map Shows Median Rent for all Metro Stops<\/strong><\/h4>\n

     
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