Washington, DC is our nation's capital, and it's also a bustling part of the country with an endless array of fantastic neighborhoods to choose from and home investments to indulge in.
If you live along the Red Line of the DC Metro, there is a total of 26 neighborhoods located along this route with lots of fantastic opportunities for investment.
Before you think about buying a house in DC, read on to learn which areas along the Red Line are your best bet in terms of getting the most return on your investment.
Consider Shady Grove for Affordable Homes
This area long the DC Red Line serves much of the Rockville, Maryland area. If you're looking for real estate with modern amenities, Shady Grove has much to offer.
This neighborhood has a diverse mix of brand-new condominiums along with older, more classic townhomes. Prices are reasonable considering its close proximity to the Metro and downtown Washington, DC.
The Shady Grove neighborhood provides those looking into buying a house in DC with more versatility in terms of style and pricing. You'll find a mixture of historic homes and luxury condos depending on your needs. There's plenty to do here including excellent dining, retail, and lots of history to discover.
With an ever-evolving population and much to offer, Shady Grove also features the new Westside at Shady Grove community. This new development is just steps from the Red Line station. It offers plenty of fantastic amenities and prices can range between $400,000 per unit to one million dollars or more.
Thanks to a growing population, you can expect to get a good return on property in Shady Grove. As the popularity of this area increases, home prices are likely to rise.
Buying a House in DC? Explore Dupont Circle
If luxury and culture are what you're looking for, you simply can't go wrong by investing in property in Dupont Circle. This famous Red Line stop is home to an endless array of landmarks, cultural institutions, and beautiful homes.
Prices in the Dupont Circle neighborhood are generally high and can start in the low to mid-millions of dollars for most homes. There is no shortage of things to see and do here, which makes it a fantastic investment for those who love the cosmopolitan lifestyle.
The majority of property within this neighborhood consists of high rise condos and luxury single homes. If you're planning to start small, studios can be had for around $400,000.
Dupont Circle is most famous for being home to Embassy Row and some well-known art museums. It also features a beautiful plaza, lots of fine dining, and an influx of tourism throughout the spring and summer months.
For those looking to buy a true gem in Washington, a home in the Dupont Circle neighborhood can be a wise choice. Keep in mind that prices vary greatly depending on the size and condition of the property you want. Prepare to have plenty of money if you want to live the "high life" in Dupont Circle.
Home Investments in Twinbrook(a Good Choice for Families)
For those looking to buy a home along the DC Red Line that's a little further from the city center, Twinbrook is a fantastic option. This peaceful neighborhood is family-friendly and provides respite from the hustle and bustle of Washington.
Prices for homes in Twinbrook can range from around $375,000 to almost $500,000, but it's much less expensive than property located closer to DC. You'll still enjoy easy access to the Metro Red Line if you work inside Washington's city limits.
If you have a growing family, the Twinbrook neighborhood in Maryland can be a wonderful option. Most residents enjoy walking through the neighborhoods and crime is generally much lower than other parts of the region.
Twinbrook has several schools, restaurants, and it's closely located to the main highway. Homes are roomy yet affordable and will offer most families plenty of room to stretch out without stretching their budget too thin.
The Medical Center Neighborhood is Ideal for Professionals
The Medical Center Red Line stop is close to the National Institutes of Health and Walter Reed National Military Medical Center. If you're a medical professional who works at these institutions, a home in this neighborhood can give you easy access to your workplace.
For young professionals, condos in the Medical Center area can be had for just $250-$400,000 per unit. Standalone homes range between $700,000 to $3 million, on average.
The Medical Center neighborhood is an excellent choice if you work in any of the local hospitals. It provides you with a beautiful neighborhood, closeness to DC, and a lot of neighbors who are also working professionals in a similar field.
Of course, you don't have to work at one of the hospitals to enjoy what the Medical Center neighborhood has to offer. If you're looking for an affordable area to live along the Red Line with a lot of amenities, this is an excellent choice.
Find Your Ideal DC Home
If you're thinking of buying a house in DC, try one of these wonderful locations that are conveniently positioned along the Metro Red Line. Whether you live in Maryland or right in the heart of downtown, explore the pros and cons of each to make the best investment for you.
Remember that the cost of living in and near Washington DC can be higher than in other parts of the country. In exchange, you'll enjoy a diverse culture, plenty to see and do, and an amazing array of exciting experiences to last a lifetime.
For more information about renting or buying in the DC area and for more real estate advice, be sure to contact us today!