Washington DC Neighborhoods Growing in Popularity for Tenants in 2021

Washington DC Neighborhoods Growing in Popularity for Tenants in 2021

The past year has changed the DC rental market in unprecedented ways. The typically busy warmer months of the year for the rental market were initially stagnated by stay-at-home orders, while some tenants were changing rental properties based on financial hardships. The market has since predictably slowed, and yet, the demand for housing is high. As the rental landscape in DC continues to level out into a new normal, these are the district’s neighborhoods that are growing in popularity for 2021.

Dupont Circle

While Dupont Circle isn’t quite as family-friendly as other neighborhoods due to its higher rent for smaller spaces, this neighborhood is a popular choice for young professionals. Just minutes from Georgetown—which features excellent shops, restaurants, and water activities—and public transport, Dupont Circle offers both historic rowhomes and modern high-rises, giving tenants more housing options when renting. Dupont Circle has seen a slight decrease (about 10%) in rental prices due to the pandemic.

Mount Pleasant

Not far from Dupont Circle or busy 14th street in Northwest DC, Mount Pleasant is also close to downtown and transportation. This diverse neighborhood has a lot to offer, including parks, restaurants, bars, and plenty of Latino cuisine. The public schools are also above average. The neighborhood is filled with beautiful townhouses for renters. Residents of this neighborhood enjoy a local farmer’s market held on Saturdays.

Adams Morgan

Adams Morgan features historic rowhomes as well as modern apartments and lots of activities. Located just north of Dupont Circle, Adams Morgan has a lively nightlife scene with great restaurants. It also features diverse schools and local farmer’s markets. While public transportation is about a mile away, the neighborhood is easy to walk.

Logan Circle

Like Dupont Circle, Logan Circle saw a decrease in rental prices in the past year due to the pandemic. This neighborhood is an LGBT-friendly community and popular for young people. It’s a relatively short walk to downtown and features many shops, restaurants, and theaters. Logan Circle offers the benefit of being close to a lot of things to do but still having a family-friendly neighborhood feel.

Woodley Park

Woodley Park is an excellent location for those who love the outdoors. Close to both Rock Creek Park and the Smithsonian National Zoo, there’s plenty of places to walk, run, and bike. This family-friendly area also has a lot of restaurants. It offers the convenience of a city setting while still allowing you to feel close to the outdoors. With great public schools, this tree-lined, dog-friendly neighborhood is growing in popularity for tenants in 2021.

Anacostia

In Southwest DC, Anacostia is close to transportation that can get you downtown in just 10 minutes. The rent prices here are also more affordable than other DC neighborhoods, which appeal to renters. Although the schools aren’t the best, this quiet area with affordable rent is an up-and-coming neighborhood for young professionals or those just getting started in the nation’s capital.

Where Is Your Income Property Located?

Whether you’re considering purchasing an income property in Washington, DC or have a rental property you need assistance managing, we can help at FAS Management. Our DC property managers have been helping property owners successfully manage their investments since 1946. Contact us to find out more about our services today at (202) 377-5080!

 

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