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Southwest / Waterfront home prices and affordability, 2019 to 2025

Southwest / Waterfront home prices fell about 6% from 2019 to 2025, and with higher mortgage rates, buying the median home here now takes $1,418 more a month.

DC figures use qualified sales matched to current residential address records; some historical sales cannot be matched. Median sale prices describe the homes sold in each year, which may differ between years.

Home prices, 2019 to 2025−6%Our own index · DC +12%
Median sale, 2025$550,000was $367,000 in 2019
Monthly mortgage payment$2,810was $1,392 in 2019
Income to keep it under 30%$112,000was $56,000 in 2019

How prices moved

Southwest / Waterfront home prices fell about 6% while DC rose

On our own index, Southwest / Waterfront home prices fell 6% from 2019 to 2025, against 12% for DC as a whole, and we rate it high confidence.

The median sale rose about 50% over the same years, from $367,000 to $550,000. The median moves with which homes happened to sell as well as with prices, so it can differ from our own index.

See DC home prices by neighborhood
Southwest / Waterfront−6%
DC+12%
−25%Our own index25%
High confidence

What it costs to buy now

$1,418 more a month than in 2019

With 20% down on the median sale, the monthly mortgage payment went from $1,392 in 2019 to $2,810 in 2025. About half the rise, $814, came from higher prices and $604 from the higher mortgage rate, 6.60% against 3.94%.

The 20% down payment grew from $73,400 to $110,000.

2019
$1,392
2025
$2,810
From higher prices $814From the higher rate $604

Compare the neighborhoods next door

  • Southwest / Waterfront

    Prices since 2019
    −6%
    Payment in 2025
    $2,810
    Rise a month
    +$1,418

  • Navy Yard

    Prices since 2019
    −2%
    Payment in 2025
    $3,653
    Rise a month
    +$1,359

  • Downtown

    Prices since 2019
    −3%
    Payment in 2025
    $2,555
    Rise a month
    +$566

  • Capitol Hill

    Prices since 2019
    +11%
    Payment in 2025
    $4,828
    Rise a month
    +$1,852
All DC neighborhoods

Your number

What would Southwest / Waterfront cost you?

Change the down payment and rate to see the monthly mortgage payment on the median Southwest / Waterfront home.

Your monthly mortgage payment in Southwest / Waterfront$2,810$940 a month under your budget

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Monthly mortgage payment: principal and interest on a 30-year fixed loan on each neighborhood’s 2025 median sale; taxes and insurance not included.

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A model-generated estimate and analytical context, not investment advice. The estimated value comes from an automated valuation model (AVM). An AVM is an estimated sale price for a property. It is not the same as the opinion of value in an appraisal developed by a licensed appraiser under the Uniform Standards of Professional Appraisal Practice.

Questions about Southwest / Waterfront

How much have Southwest / Waterfront home prices changed since 2019?

On our own index, Southwest / Waterfront home prices fell about 6% from 2019 to 2025, against about 12% for DC as a whole. We rate the figure high confidence. The median sale went from $367,000 to $550,000.

How much does it cost to buy a home in Southwest / Waterfront?

The median Southwest / Waterfront home sold for $550,000 in 2025. With 20% down, $110,000, and a 30-year fixed loan at 6.60%, the monthly mortgage payment comes to $2,810 before taxes and insurance.

What income do you need to buy in Southwest / Waterfront?

About $112,000 a year for the median Southwest / Waterfront home, by a common rule of thumb that keeps the monthly mortgage payment at 30% of gross income. The same rule gave $56,000 in 2019. Lenders apply their own tests, and taxes and insurance come on top of the payment.

How much has the monthly mortgage payment in Southwest / Waterfront changed since 2019?

The monthly mortgage payment on the median Southwest / Waterfront home rose $1,418, from $1,392 in 2019 to $2,810 in 2025. Higher prices added $814, and the higher mortgage rate, 3.94% to 6.60%, added $604.

How does Southwest / Waterfront compare with DC?

The monthly mortgage payment on the median Southwest / Waterfront home was $2,810 in 2025, lower than the $3,704 on the median DC home. Since 2019 it rose $1,418, and DC’s rose $1,433.

What does the full cost to own a home add?

Property tax, insurance, HOA dues and upkeep come on top of the monthly mortgage payment shown here. A free account’s Cost to Own adds them up for a specific home, and three homes a month are free.

Home prices: our own index from DC Office of Tax and Revenue sales, 2019 to 2025. Monthly mortgage payment is principal and interest on the median sale with 20% down and a 30-year fixed loan, at each year’s average Freddie Mac rate (3.94% in 2019, 6.60% in 2025); taxes and insurance are not included. Sales: DC Office of Tax and Revenue.