Washington D.C., the capital of the U.S., is one of the most desirable places to live, and is an even more desirable destination for investors looking to fix and flip. Claiming the highest percentage of flips and some of the highest returns-on-investment, Washington D.C. has attracted real estate investors, both experienced and first-timers.
As of January 2018, the median value of a house in Washington D.C. was $548,300, having risen 1.3% since the previous year. The median price of real estate here is expected to rise 1.6% by January 2019. There are several reasons for growth in the real estate market in the nation’s capital.
In 2018, D.C. was ranked as the Nation’s Best City for Women in Tech. for the fourth year in a row! The city also takes pride in declaring the highest percentage of same sex households in the country.
Washington D.C. is an exciting city to live, attracting people with diverse interests. The city offers museums, historical sites, professional sports, random street festivals, and a lot more. Also, one can enjoy all the four seasons, including snow. The weather never gets too cold and summers are mild.
Additionally, Washington D.C. is an ethnically diverse city. While having a significant white population, this cosmopolitan city is also home to a large number of African Americans, Hispanics, and Asians. The area offers job opportunities in the Federal government, which provides employment to more than 1.7 million people, according to the latest EMSI report, published in 2013. Apart from government jobs, the city has exciting opportunities in major businesses like healthcare and the defense industry.
D.C. is also in close proximity to Fredericksburg and Gettysburg, giving its residents the perfect getaway. Famous sites like Baltimore and Mount Vernon are also within driving distance.
Check out investible properties in Washington D.C. Contact us to know how fixing and flipping properties in this wonderful state can benefit you.