{"id":705,"date":"2021-06-21T09:20:14","date_gmt":"2021-06-21T09:20:14","guid":{"rendered":"https:\/\/www.renthop.com\/content-manager\/?post_type=studies&#038;p=14128"},"modified":"2021-06-21T09:21:32","modified_gmt":"2021-06-21T13:21:32","slug":"rents-drop-at-60-of-washington-dc-metro-stops-including-metro-center-and-nationals-ballpark","status":"publish","type":"post","link":"https:\/\/www.renthop.com\/research\/rents-drop-at-60-of-washington-dc-metro-stops-including-metro-center-and-nationals-ballpark\/","title":{"rendered":"Rents Drop at 60% of Washington DC Metro Stops, Including Metro Center and Nationals Ballpark"},"content":{"rendered":"<div style=\"max-width: 600px; width: 100%; height: auto; margin-right: auto; margin-left: auto; text-align: center;\"><img decoding=\"async\" src=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2021\/06\/washington-dc-1624419_1920.jpg\" alt=\"the capitol\" \/><\/div>\n<p>Washington DC&#8217;s Metrorail has seen a lot of changes in recent months. Service hours were extended to midnight, wait times between rides have decreased and fares were reduced to serve lower-income workers.<\/p>\n<p>It&#8217;s all part of an effort to draw riders back to public transit. Normally, Metrorail would serve more than 600,000 customers a day. That number plummeted during the Covid-19 pandemic, which saw most commuters stay home to comply with social distancing measures.<\/p>\n<p>Even as pandemic restrictions ease, riders have signaled they plan to continue cutting back on commuting and, as a result, <strong>rents are dropping<\/strong>.<\/p>\n<p>Prior to the pandemic, Metro proximity was one of the first things renters considered when searching for an apartment. And the closer you were to a metro stop, the more expensive your apartment is.<\/p>\n<p>That&#8217;s not necessarily the case anymore.<\/p>\n<p>RentHop data scientist Shane Lee mapped out rental prices for one-bedroom apartments by Metrorail stop. Here\u2019s what she discovered for the period of March 1, 2021 to May 31, 2021:<\/p>\n<ul>\n<li>Rents decreased at 55 out of 91 stops across all train lines.<\/li>\n<li>That\u2019s <strong>60% of the stops<\/strong> we tracked.<\/li>\n<li>Rents increased at just 32 stops, but showed no change at 4 stops<\/li>\n<li><strong>Median 1BR rent dipped 12.74% around Farragut North<\/strong> \u2014 a short walk from The Drake where prices dropped 12.3% year-over-year<\/li>\n<li>Median 1BR rent slid more than 12.97% around the Rosslyn stop near the Blue, Orange, and Silver lines.<\/li>\n<li>That\u2019s close to 1121 Arlington Blvd., a condo building with units for sale that saw prices drop -10.3%<\/li>\n<\/ul>\n<p><strong>RentHop also whipped up an interactive map showing all rents, stops, and YoY price fluctuations<\/strong>:<\/p>\n<p><<button onClick =\"embedPopup()\" button = \"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2021\/06\/2021-dc-metro-rent-map.html\" class=\"button button1\" style=\"display: block; margin-right: 0; margin-left: auto;\">Get the code to embed this interactive map!<\/button><\/p>\n<div style=\"position: relative; overflow: hidden; max-width: 960px; width: 100%; margin-left: auto; margin-right: auto;\">\n<div style=\"padding-bottom: 80%; height: 0px; position: relative; width: 100%;\">\n<div style=\"position: absolute; height: 100%; width: 100%;\" align=\"center\"><iframe loading=\"lazy\" src=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2021\/06\/2021-dc-metro-rent-map.html\" width=\"100%\" height=\"100%\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><br \/>\n<\/iframe><\/div>\n<\/div>\n<\/div>\n<p><script>\nfunction embedPopup() {\n    alert('<iframe loading=\"lazy\" src=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2021\/06\/2021-dc-metro-rent-map.html\" width=\"100%\" height=\"555px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe>');\n}\n<\/script><br \/>\nThe <strong>top 10 biggest rent drops<\/strong> on one-bedroom apartments occurred at the following stops:<\/p>\n<ul>\n<li>Navy Yard\/Nationals Ballpark \u2014 Green ($1,875; -13.79%)<\/li>\n<li>Archives-Navy Memorial \u2014 Green, Yellow ($2,175; -13%)<\/li>\n<li>Rosslyn \u2014 Blue, Orange ($1,950; -12.97%)<\/li>\n<li>Farragut North \u2014 Red ($2,042; -12.74%)<\/li>\n<li>Judiciary Sq. \u2014 Red ($2,190; -12.36%)<\/li>\n<li>Metro Center \u2014 Red, Blue, Orange, Silver ($2,150; -12.16%)<\/li>\n<li>McPherson Sq. \u2014 Blue, Orange, Silver ($2,100; -12.13%)<\/li>\n<li>Federal Center SW \u2014 Blue, Orange, Silver ($2,250; -11..76%)<\/li>\n<li>L&#8217;Enfant Plaza \u2014 Green, Yellow, Orange, Blue, Silver ($2,225; -11%)<\/li>\n<li>Eastern Market \u2014 Blue, Orange, Silver ($1,980; -10%)<\/li>\n<\/ul>\n<p>With this in mind, apartment hunters would be wise to check RentHop for listings in and around these area \u2014 especially the Farragut North stop. The Drake (pictured below) over at 1355 17th Street, for example, saw a median 1BR rent drop of over 12.7% year-over-year, offers luxury apartments in Dupont Circle.<\/p>\n<figure id=\"attachment_14130\" aria-describedby=\"caption-attachment-14130\" style=\"width: 300px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-14130 size-medium\" src=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2021\/06\/2048px-The_Drake_Washington_DC_2015_04_13_05-300x225.jpg\" alt=\"The Drake, Washington DC\" width=\"300\" height=\"225\" \/><figcaption id=\"caption-attachment-14130\" class=\"wp-caption-text\">The Drake (Wikipedia Commons)<\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<p>Of the 32 stops where rent increased, these were <strong>the top 5 stops that saw the largest uptick<\/strong>:<\/p>\n<ul>\n<li>West Hyattsville \u2014 Green, Yellow ($1,372.50; +5.58%)<\/li>\n<li>Georgia Ave. Petworth \u2014 Green, Yellow ($1,727; +4.41%)<\/li>\n<li>Naylor Road \u2014 Green ($1,200; +4.35%)<\/li>\n<li>Braddock Road \u2014 Blue, Yellow ($1,825; +4.29%)<\/li>\n<li>Branch Ave. \u2014 Green ($1,765; +3.82%)<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>Ride the Metro to Savings<\/h2>\n<p><strong>Would you travel an extra stop to save a couple hundred dollars?<\/strong>\u00a0<i>How about for over $1000?<\/i>\u00a0 RentHop dug deep into the data for the best single stop rent savings and found some very useful results.<\/p>\n<p>The list below represents the largest price drops\u00a0between a single stop. Sometimes this is\u00a0because the stops are in different neighborhoods, rents fell at one stop, prices soared at the other, or all of the above. It\u2019s also possible that apartments near a particular stop aren\u2019t apples-to-apples with the apartments just one stop away. We may have left some out due to miles-long stretches between stops.<\/p>\n<h3><strong>Turn your commute into extra cash at these stops:<\/strong><\/h3>\n<p>&nbsp;<\/p>\n<ul>\n<li><strong>Save $1,200<\/strong> by moving to <strong>Minnesota Ave.<\/strong> <strong>($1,050)<\/strong> from <strong>Federal Center SW ($2,250)<\/strong> \u2013 Orange Line<\/li>\n<li><strong>Save $422.50<\/strong> by leaving <strong>Rosslyn ($1,697)<\/strong> for <strong>Addison Road ($1,274.50)<\/strong> \u2013 Blue\/Orange\/Silver Line<\/li>\n<li><strong>Save $375<\/strong> between <strong>Ronald Reagan Washington National Airport<\/strong> ($2,000) and <strong>Van Dorn St. ($1,625)<\/strong> \u2013 Blue\/Yellow Line<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>Tell Your Friends! Here\u2019s A Condensed Map for Easy Sharing<\/h2>\n<p>&nbsp;<\/p>\n<figure id=\"attachment_6008\" aria-describedby=\"caption-attachment-6008\" style=\"width: 900px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2021\/06\/hi-res-dc-metro-rent-map-2021-scaled.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" class=\"wp-image-6008\" title=\"Boston 2019 MBTA Rent Map\" src=\"https:\/\/www.renthop.com\/content-manager\/wp-content\/uploads\/2021\/06\/dc-metro-rent-map-2021-scaled.jpg\" alt=\"\" width=\"900\" height=\"auto\" \/><\/a><figcaption id=\"caption-attachment-6008\" class=\"wp-caption-text\"><strong>Click on the Map For High Resolution<\/strong><\/figcaption><\/figure>\n<p>&nbsp;<\/p>\n<h2>Methodology<\/h2>\n<p>To calculate the median rent for the map above, we used RentHop\u2019s rental data for one-bedroom apartments from March 1 through May 31 2020 &amp; 2021 as well as WMATA GIS data for Metrorail stops from <a href=\"https:\/\/opendata.dc.gov\">OpenData DC<\/a>. To get accurate prices near the Metro stops, we looked first at non-duplicated listings within half a mile of a WMATA stop and if there were 20 unique data points we calculated the median. If not, the radius from the stop was increased and the data was resampled to ensure enough unique listings were used when calculating the median.<\/p>\n<h2>What Does This Mean for You?<\/h2>\n<p>Finding an apartment in Washington D.C. isn\u2019t easy. Deciding\u00a0where to live and starting your search is probably the most difficult step. By giving you as much information about the market as possible, RentHop\u00a0hopes to\u00a0point you in the right direction. Maps like this are\u00a0just one of the data-backed insights we offer. All of our <a href=\"https:\/\/www.renthop.com\/washington-dc\/apartments-for-rent\">Washington\u00a0DC apartments for rent<\/a> are ranked using available data to ensure that renters always see the best quality apartments.<\/p>\n<style>\n.button1 {box-shadow: 0 0 0 0 rgba(0,0,0,0.2), 0 0 0 0 rgba(0,0,0,0.19);}\n.button {   background-color: #810303; border: none; color: #ffffff; padding: 5px 15px; text-align: center; text-decoration: none; display: inline-block; font-size: 14px; font-weight: bold; margin:4px 2px; cursor: pointer; -webkit-transition-duration: 0.4s; transition-duration: 0.4s;}<\/style>\n","protected":false},"excerpt":{"rendered":"<p>Washington DC&#8217;s Metrorail has seen a lot of changes in recent months. Service hours were extended to midnight, wait times between rides have decreased and fares were reduced to serve lower-income workers. It&#8217;s all part of an effort to draw riders back to public transit. Normally, Metrorail would serve more than 600,000 customers a day. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":706,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"yes","_lmt_disable":"","footnotes":""},"categories":[4],"tags":[],"class_list":{"0":"post-705","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-market-insights"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v24.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rents Drop at 60% of Washington DC Metro Stops, Including Metro Center and Nationals Ballpark - Real Estate Data &amp; Research<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.renthop.com\/research\/rents-drop-at-60-of-washington-dc-metro-stops-including-metro-center-and-nationals-ballpark\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rents Drop at 60% of Washington DC Metro Stops, Including Metro Center and Nationals Ballpark\" \/>\n<meta property=\"og:description\" content=\"Washington DC&#8217;s Metrorail has seen a lot of changes in recent months. Service hours were extended to midnight, wait times between rides have decreased and fares were reduced to serve lower-income workers. It&#8217;s all part of an effort to draw riders back to public transit. Normally, Metrorail would serve more than 600,000 customers a day. 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Service hours were extended to midnight, wait times between rides have decreased and fares were reduced to serve lower-income workers. It&#8217;s all part of an effort to draw riders back to public transit. Normally, Metrorail would serve more than 600,000 customers a day. 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