2026 data · 0.56% property tax · Median home $687,500
District of Columbia Mortgage Calculator
A median-priced home in District of Columbia ($687,500) costs roughly $4,278 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. District of Columbia's effective property tax rate is 0.56% — well below the US average of about 1.0%.
District of Columbia median-home monthly payment
$4,278/mo
P&I $3,659 · Tax $321 · Insurance $298
@ $687,500 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in District of Columbia
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $93 | $87 | $1,244 |
| $300,000 | $60,000 | $1,597 | $140 | $130 | $1,867 |
| $400,000 | $80,000 | $2,129 | $187 | $173 | $2,489 |
| $500,000 | $100,000 | $2,661 | $233 | $217 | $3,111 |
| $687,500 (state median) | $137,500 | $3,659 | $321 | $298 | $4,278 |
| $750,000 | $150,000 | $3,992 | $350 | $325 | $4,667 |
Calculations use District of Columbia's 0.56% effective property tax rate, estimated homeowners insurance at 0.52%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
District of Columbia property tax
Effective rate
0.56%
Median home value
$687,500
Median property tax
$3,830/yr
Washington DC offers a homestead deduction of $89,250 from assessed value plus a Senior Citizen Tax Relief program (50% reduction for residents 65+ meeting income limits). Class 1 (residential) tax rate is much lower than commercial.
See our property tax calculator for a state-by-state property tax breakdown, and our District of Columbia paycheck calculator to estimate take-home pay against this monthly housing cost.
District of Columbia vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| District of Columbia (this page) | 0.56% | $687,500 | $3,830 | |
| Maryland | 0.99% | $371,100 | $3,680 | Maryland mortgage → |
| Virginia | 0.80% | $348,300 | $2,780 | Virginia mortgage → |
FAQs about District of Columbia mortgages
What is the property tax rate in District of Columbia?
District of Columbia's effective property tax rate is 0.56%, meaning the average homeowner pays roughly 0.56% of their home's value in property tax annually. On a $687,500 home (the state median), that's about $3,830 per year, or $319 per month added to your mortgage payment.
What is the average monthly mortgage payment in District of Columbia?
For a home at District of Columbia's median value of $687,500, assuming 20% down, a 30-year fixed mortgage at 7.0%, and District of Columbia's 0.56% property tax + estimated insurance, the typical monthly PITI payment is approximately $4,278. This includes $3,659 principal & interest, $321 property tax, and $298 homeowners insurance.
How much income do I need to buy a house in District of Columbia?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $183,343 to comfortably afford District of Columbia's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $119,386 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is District of Columbia a good state to buy a house?
District of Columbia's combination of 0.56% property tax (well below the national average of ~1.0%) and median home value of $687,500 puts it among the more expensive states for buyers, though long-term equity has historically been strong. Washington DC offers a homestead deduction of $89,250 from assessed value plus a Senior Citizen Tax Relief program (50% reduction for residents 65+ meeting income limits).
How does District of Columbia property tax compare to neighboring states?
District of Columbia's 0.56% rate compares to: Maryland at 0.99%, Virginia at 0.80%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does District of Columbia have a homestead exemption?
Washington DC offers a homestead deduction of $89,250 from assessed value plus a Senior Citizen Tax Relief program (50% reduction for residents 65+ meeting income limits). Class 1 (residential) tax rate is much lower than commercial.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your District of Columbia mortgage, the breakdown on a median-priced home would be: Principal & Interest $3,659, Property Tax $321, Homeowners Insurance $298. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.