District of Columbia · DC

District of Columbia Mortgage Calculator

Pre-filled for District of Columbia: median home price $620,000, average property tax rate 0.55%. Adjust any slider to make it yours.

District of Columbia housing at a glance

Median home price: $620,000
Effective property tax rate: 0.55% / yr
Annual property tax (median home): $3,410
Est. monthly tax escrow: $284
State income tax: Yes

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in District of Columbia

The median home price in District of Columbia is around $620,000 and the effective property tax rate averages 0.55%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

A 20% down payment on the median home in District of Columbia is $124,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Transfer tax & closing costs in District of Columbia

DC charges a 1.1% recordation tax plus a 1.1% transfer tax (each rises to 1.45% above $400K) — typically split between buyer and seller.

Beyond transfer taxes, total closing costs in District of Columbiatypically range from 2–5% of the purchase price — including lender origination fees, title insurance, appraisal, and prepaid interest. On the median home that's roughly $12,400–$31,000.

Foreclosure & legal context

Foreclosure type: Non-judicial (trustee sale)
Security instrument: Deed of Trust
Deficiency liability: Recourse

District of Columbia mortgage FAQ

What is the monthly mortgage payment for a median-priced home in District of Columbia?: At the current 30-year fixed rate of ~6.81%, a $620,000 home in District of Columbia with 20% down ($124,000) carries a principal-and-interest payment of ~$3,237/mo. Add property tax (~$284/mo at 0.55%) and homeowners insurance and your total is roughly $3,521/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in District of Columbia?: The effective statewide property tax rate in District of Columbia averages 0.55% of assessed value per year. On a $620,000 home, that works out to roughly $3,410 per year ($284/mo). Individual county rates vary.
Does District of Columbia have a state income tax?: Yes, District of Columbia has a state income tax. This affects your net take-home pay and therefore your effective purchasing power — use our salary calculator to estimate what's left after tax.
What are the closing costs and transfer taxes in District of Columbia?: DC charges a 1.1% recordation tax plus a 1.1% transfer tax (each rises to 1.45% above $400K) — typically split between buyer and seller.
What type of foreclosure does District of Columbia use?: District of Columbia uses non-judicial (trustee sale) foreclosure, which typically moves faster than court-supervised processes.

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