Adams Morgan, Washington, DC—20009
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Adams Morgan, Washington, DC
As of Oct '25, the median home price in Adams Morgan, Washington, DC is $580,000, with a year-over-year change of -1.3%. This indicates that home prices in Adams Morgan, Washington, DC are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $580,000 | -1.3% |
| Single Family | $1,028,000 | -1.9% |
| Condos | $493,000 | -1.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $409,000 | -0.7% |
2 Bed | $680,000 | -1.0% |
3 Bed | $1,077,000 | -0.4% |
4 Bed | $1,425,000 | 0.2% |
| 5 Bed | $1,663,000 | 1.3% |
% of Housing Stock
Rental Trends — Adams Morgan, Washington, DC
As of July '25, Rentcast reports the average rent in Adams Morgan, Washington, DC is $2,930, with a year-over-year rent change of -4.2%. Per bedroom, the median rent as of July '25 in Adams Morgan, Washington, DC is studios: $1,930, 1-bedrooms: $2,510, 2-bedrooms: $3,590, 3-bedrooms: $4,140, 4-bedrooms: $4,370. The most common rental property sizes in Adams Morgan, Washington, DC are 1-bedroom and 2-bedroom, accounting for 46.9% and 25.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,600 | $2,930 |
| Studio Rent | $1,820 | $1,930 |
| 1 Bed Rent | $2,450 | $2,510 |
| 2 Bed Rent | $3,400 | $3,590 |
| 3 Bed Rent | $4,400 | $4,140 |
| 4 Bed Rent | $5,000 | $4,370 |
% of Rental Stock
Property Listings — Adams Morgan, Washington, DC
As of Oct '25, Realtor.com reports that the median days on market for a home in Adams Morgan, Washington, DC is 40. This is a increase of 22.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $560,000 | -6.0% |
Listing Count | 351 | 21.0% |
| Listings as % of Homes | 0.6% | 21.0% |
Days on Market | 40 | 22.0% |
Demographics — Adams Morgan, Washington, DC
As of the latest ACS Survey released in 2023, Adams Morgan, Washington, DC has a population of 50,000, which has decreased by -4.1% over the past 5 years. Adams Morgan, Washington, DC is a less popular place for families, as children make up 10.5% of the population. The area has a highly educated workforce, with 83.9% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 29.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 50,000 | -4.1% |
% Under 18 | 10.5% | 7.1% |
% Seniors | 8.9% | 7.2% |
% WFH | 29.7% | 324.3% |
% w/ College Degree | 83.9% | 6.7% |
As of the latest ACS Survey released in 2023, Adams Morgan, Washington, DC is a predominantly white area, with 56.7% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Adams Morgan, Washington, DC is black, making up 15.6% of the population. Foreign-born residents account for 16.1% of the population in Adams Morgan, Washington, DC, and this percentage has decreased by 20.3% 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 | 56.7% | -2.9% |
% Black | 15.6% | -17.0% |
% Hispanic | 15.3% | -0.6% |
% Asian | 6.1% | 3.4% |
% Foreign Born | 16.1% | -20.3% |
Mortgage and Risk — Adams Morgan, Washington, DC
According to HUD data as of 2023, there were 770 mortgage originations in Adams Morgan, Washington, DC, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Adams Morgan, Washington, DC. Investor activity is low, as 3.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 770 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Adams Morgan, Washington, DC
As of 2024, the percent of homes in Adams Morgan, Washington, DC under the Section 8 program is 11.5%. 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. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Adams Morgan, Washington, DC, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 2,478 |
Total Units Section 8 | 2,175 |
% Rentals under Section 8 | 11.5% |
% Occupied Section 8 | 87.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $630 | $2,450 | $3,080 |
| 2 Bedroom | $70 | $3,400 | $3,470 |
| 3 Bedroom | -$60 | $4,400 | $4,340 |
| 4 Bedroom | $120 | $5,000 | $5,120 |
Affordability — Adams Morgan, Washington, DC
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $580,000 |
| Median Household Income | $141,000 |