Petworth, Washington, DC—20011
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Petworth, Washington, DC
As of Oct '25, the median home price in Petworth, Washington, DC is $610,000, with a year-over-year change of -5.5%. This indicates that home prices in Petworth, Washington, DC are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $610,000 | -5.5% |
| Single Family | $646,000 | -5.4% |
| Condos | $354,000 | -5.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $271,000 | -3.2% |
2 Bed | $439,000 | -5.2% |
3 Bed | $585,000 | -5.3% |
4 Bed | $799,000 | -4.5% |
| 5 Bed | $1,088,000 | -4.0% |
% of Housing Stock
Rental Trends — Petworth, Washington, DC
As of July '25, Rentcast reports the average rent in Petworth, Washington, DC is $2,860, with a year-over-year rent change of 2.9%. Per bedroom, the median rent as of July '25 in Petworth, Washington, DC is studios: $1,490, 1-bedrooms: $1,810, 2-bedrooms: $2,640, 3-bedrooms: $3,730, 4-bedrooms: $3,830. The most common rental property sizes in Petworth, Washington, DC are 1-bedroom and 2-bedroom, accounting for 44.8% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,860 |
| Studio Rent | $1,450 | $1,490 |
| 1 Bed Rent | $1,800 | $1,810 |
| 2 Bed Rent | $2,540 | $2,640 |
| 3 Bed Rent | $3,700 | $3,730 |
| 4 Bed Rent | $4,200 | $3,830 |
% of Rental Stock
Property Listings — Petworth, Washington, DC
As of Oct '25, Realtor.com reports that the median days on market for a home in Petworth, Washington, DC is 51. This is a increase of 10.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $694,000 | 4.0% |
Listing Count | 353 | 0.0% |
| Listings as % of Homes | 0.8% | 0.0% |
Days on Market | 51 | 10.0% |
Demographics — Petworth, Washington, DC
As of the latest ACS Survey released in 2023, Petworth, Washington, DC has a population of 67,000, which has decreased by -2.5% over the past 5 years. Petworth, Washington, DC is a moderately popular place for families, as children make up 24.5% of the population. The area has a highly educated workforce, with 54.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 67,000 | -2.5% |
% Under 18 | 24.5% | 19.5% |
% Seniors | 13.2% | -4.3% |
% WFH | 29.5% | 570.5% |
% w/ College Degree | 54.7% | 26.3% |
As of the latest ACS Survey released in 2023, Petworth, Washington, DC is a predominantly black area, with 51.1% of the population identifying as black. The black population has shrunk by 12.3% in the last 5 years. The second most common race or ethnicity in Petworth, Washington, DC is hispanic, making up 22.9% of the population. Foreign-born residents account for 21.4% of the population in Petworth, Washington, DC, and this percentage has decreased by 11.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 19.6% | 27.3% |
% Black | 51.1% | -12.3% |
% Hispanic | 22.9% | -1.3% |
% Asian | 1.8% | -14.3% |
% Foreign Born | 21.4% | -11.2% |
Mortgage and Risk — Petworth, Washington, DC
According to HUD data as of 2023, there were 1001 mortgage originations in Petworth, Washington, DC, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Petworth, Washington, DC. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,001 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Petworth, Washington, DC
As of 2024, the percent of homes in Petworth, Washington, DC under the Section 8 program is 8.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Petworth, Washington, DC, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 1,275 |
Total Units Section 8 | 1,061 |
% Rentals under Section 8 | 8.5% |
% Occupied Section 8 | 72.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,800 | $1,760 |
| 2 Bedroom | -$560 | $2,540 | $1,980 |
| 3 Bedroom | -$1,220 | $3,700 | $2,480 |
| 4 Bedroom | -$1,280 | $4,200 | $2,920 |
Affordability — Petworth, Washington, DC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $610,000 |
| Median Household Income | $108,000 |