DC Real Estate Pricing Guides
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James Joyner | Friday, January 9, 2009 |
Responding to recent shenanigans at Craig’s List, Megan McArdle provides some rules of thumb for those seeking to rent an apartment in one of D.C.’s tonier neighborhoods. Money quote:
In Georgetown, Dupont, or Logan, you should expect to pay at least $2,000 for a one bedroom that you can turn around in; and similar in the others if you want to be above ground. Each additional bedroom should cost you $300-600. The standard deviation is about $150-$250 per bedroom, depending on the degree of gentrification; if you are 3 standard deviations from the mean, you are dealing with, on the expensive side, a busted house-flipper who is pricing the house to their mortgage payment rather than the market; and on the cheap side, a scammer.
As the unintentional “OTB plays InstaPundit” day continues…
Photo from Flickr user Richael Voorhees under Creative Commons license.
About the Author: James Joyner is the publisher of Outside the Beltway and the managing editor of the Atlantic Council. He's a former Army officer, Desert Storm vet, and college professor with a PhD in political science from The University of Alabama. He lives just outside the Beltway in Alexandria, Virginia with his wife and infant daughter.
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