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What can you afford in District of Columbia?
A baseline estimate for a household earning $96,000 a year gross, with typical debts and expenses, a $40,000 down payment, and a 740-759 credit score — using District of Columbia's own property tax and insurance data rather than a national average. Every assumption is editable in the full calculator below.
District of Columbia's effective property tax rate is around 0.56% of home value per year — the 12th lowest in the country. Average homeowner's insurance runs near $1,350/year on a $300,000 home — the 13th lowest.
Comfortable
$326,935
Stretch
$378,955
Risky ceiling
$405,806
This baseline's own budget can sustain at least as much as a lender's debt-to-income ceiling allows in District of Columbia — the DTI ratio, not the household budget, is what limits the number here.
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