Rent is climbing near two-thirds of the 91 Metrorail stations in the Washington, D.C., area, but the difference between unaffordable and affordable could be just one stop away, according to a new study.
Renthop, the apartment-hunting website, examined rent for one-bedroom apartments across the Washington, D.C., metropolitan area from 2016 to 2017. Renthop initially looked at non-duplicated listings within one-eighth of a mile of a Metrorail station.
Here are some interesting points:
- Overall, one-bedroom rent in Washington DC is up 2.6% year over year.
- Rents increased near 61 of the 91 Metro stops, while dropping at 19 stops (11 stops didn’t have enough data for year over year).
- Across the Anacostia into southeast Washington, rents are rising drastically, although they are still among the lowest in the DC metropolitan area.
The study also detailed some potential significant savings between a single stop. Here are the big ones:
- Save $728 between East Falls Church ($2,248) and West Falls Church ($1,520) - Orange/Silver Line
- Save $593 by living near Addison Road ($983) instead of Morgan Blvd ($1,575) - Blue/Silver Line
- Save $499 between Eastern Market ($2,320) and Potomac Ave ($1,821) - Orange/Blue/Silver Line
- Save $475 by moving from the U Street ($2,350) to Columbia Heights ($1,875) - Yellow/Green Line
- Save $453 between Georgia Ave ($1,828) and Fort Trotten ($1,375) - Yellow/Green Line
- Save $445 and live near the Waterfront ($2,050) instead of L’Enfant Plaza ($2,495) - Green Line
For more, check out the cool interactive map below, courtesy of Renthop.