Cost of Ownership · District of Columbia

The true cost of owning a home in District of Columbia

For a median $724,600 home in District of Columbia, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.

As of Jul 5, 2026Methodology true-cost-v3

Lender-approved payment

$4,827/mo

PITI + PMI

True monthly cost

$5,431/mo

everything, incl. upkeep

The gap

+$604/mo

what approval leaves out

Principal & interest$4,092/mo

Property tax$348/mo

Homeowners insurance$115/mo

PMI (LTV > 80%)$272/mo

Maintenance reserve$604/mo

True monthly cost$5,431/mo

Effective property-tax rate

0.58%

Avg. homeowners premium

$1,384/yr

NFIP flood claims on record

494

These figures use District of Columbia’s median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how District of Columbia ranks on property tax and insurance, or browse every state.