Cost of Ownership · District of Columbia
The true cost of owning a home in District of Columbia
For a median $737,100 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.
Lender-approved payment
$4,979/mo
PITI + PMI
True monthly cost
$5,593/mo
everything, incl. upkeep
The gap
+$614/mo
what approval leaves out
Effective property-tax rate
0.58%
Avg. homeowners premium
$1,384/yr
NFIP flood claims on record
494
Closing costs in District of Columbia
Median closing costs and lender origination charges on real home-purchase loans in District of Columbia, from public CFPB HMDA data. Cells with fewer than 25 loans aren't shown.
Median total closing costs
$7,545
Typically $5,819–$11,396
Median origination charges
$2,513
Typically $1,390–$6,272
| Loan size | p25 | Median | p75 | Loans |
|---|---|---|---|---|
| All | $5,819 | $7,545 | $11,396 | 4,846 |
| All | $5,712 | $7,701 | $11,812 | 5,411 |
| < $250k | $4,361 | $5,438 | $7,314 | 467 |
| < $250k | $4,430 | $5,643 | $7,908 | 672 |
| $250k–$500k | $5,232 | $6,376 | $10,602 | 1,561 |
| $250k–$500k | $5,216 | $7,250 | $10,939 | 1,875 |
| $500k–$750k | $5,910 | $7,626 | $13,175 | 1,452 |
| $500k–$750k | $5,992 | $7,021 | $12,181 | 1,328 |
| > $750k | $7,517 | $9,055 | $13,532 | 1,490 |
| > $750k | $7,213 | $8,832 | $16,075 | 1,412 |
Compare your own Loan Estimate with the Loan Estimate Decoder, or see every state in the Fee & Rate Index.
Common questions about buying a home in District of Columbia
- What are the median closing costs in District of Columbia?
- Median total closing costs — lender and third-party charges — on a home-purchase loan in District of Columbia are about $7,545, from public CFPB HMDA data. Cells with fewer than 25 loans are suppressed.
- What is the effective property-tax rate in District of Columbia?
- The effective property-tax rate in District of Columbia is about 0.58%, from the Census American Community Survey (median real estate taxes divided by median home value).
- What does a median home cost to own each month in District of Columbia?
- A median $737,100 home in District of Columbia costs about $5,593 a month to own — principal, interest, property tax, insurance, PMI, and a maintenance reserve — versus a lender-approved payment of about $4,979. Every figure is from public data.
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.