Penn Quarter, Washington, DC—20004
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Penn Quarter, Washington, DC
As of Oct '25, the median home price in Penn Quarter, Washington, DC is $439,000, with a year-over-year change of -0.6%. This indicates that home prices in Penn Quarter, Washington, DC are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $439,000 | -0.6% |
| Single Family | N/A | N/A |
| Condos | $438,000 | -0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $431,000 | -0.9% |
2 Bed | $678,000 | -1.0% |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Penn Quarter, Washington, DC
As of July '25, Rentcast reports the average rent in Penn Quarter, Washington, DC is $2,990, with a year-over-year rent change of -3.5%. Per bedroom, the median rent as of July '25 in Penn Quarter, Washington, DC is studios: $2,210, 1-bedrooms: $2,850, 2-bedrooms: $3,720. The most common rental property sizes in Penn Quarter, Washington, DC are 1-bedroom and 2-bedroom, accounting for 69.8% and 19.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $2,990 |
| Studio Rent | $2,150 | $2,210 |
| 1 Bed Rent | $2,800 | $2,850 |
| 2 Bed Rent | $3,800 | $3,720 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Penn Quarter, Washington, DC
As of Oct '25, Realtor.com reports that the median days on market for a home in Penn Quarter, Washington, DC is 50. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $450,000 | -6.0% |
Listing Count | 28 | 10.0% |
| Listings as % of Homes | 1.0% | 10.0% |
Days on Market | 50 | -12.0% |
Demographics — Penn Quarter, Washington, DC
As of the latest ACS Survey released in 2023, Penn Quarter, Washington, DC has a population of 1,760, which has decreased by -11.1% over the past 5 years. Penn Quarter, Washington, DC is a less popular place for families, as children make up 2.2% of the population. The area has a highly educated workforce, with 94.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 24.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,760 | -11.1% |
% Under 18 | 2.2% | -69.4% |
% Seniors | 19.4% | 84.8% |
% WFH | 24.2% | 128.3% |
% w/ College Degree | 94.9% | 3.7% |
As of the latest ACS Survey released in 2023, Penn Quarter, Washington, DC is a predominantly white area, with 71.6% of the population identifying as white. The white population has grown by 7.8% in the last 5 years. The second most common race or ethnicity in Penn Quarter, Washington, DC is hispanic, making up 13.2% of the population. Foreign-born residents account for 18.1% of the population in Penn Quarter, Washington, DC, and this percentage has increased by 11.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 71.6% | 7.8% |
% Black | 9.7% | 94.0% |
% Hispanic | 13.2% | 5.6% |
% Asian | 3.9% | -67.8% |
% Foreign Born | 18.1% | 11.7% |
Mortgage and Risk — Penn Quarter, Washington, DC
Penn Quarter, Washington, DC lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Penn Quarter, Washington, DC
Penn Quarter, Washington, DC lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | 0.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $160 | $2,800 | $2,960 |
| 2 Bedroom | -$470 | $3,800 | $3,330 |
| 3 Bedroom | N/A | N/A | $4,160 |
| 4 Bedroom | N/A | N/A | $4,910 |
Affordability — Penn Quarter, Washington, DC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.8 |
| Median Home Price | $439,000 |
| Median Household Income | $161,000 |