Redfin recently released a report on the economic diversity of the nation’s major cities using 2014 city-specific median family income data from the American Community Survey. Washington, D.C. was ranked as the no. 3 best city for a balanced mix, with 30 percent of its neighborhoods with balanced economic diversity.
The report determined purchasing power as a 20 percent down payment on a 30-year fixed-rate mortgage at 4 percent. Monthly family income going toward a mortgage was measured at 28 percent.
Redfin measured home price mix by summarizing a 500-meter grid, which were then classified as one of three categories: mix of affordable and high-end homes, high-end homes and affordable homes.
What’s the economic breakdown of Washington, D.C. neighborhoods?
| Washington DC |
|||||
| Balanced Mix | Area | High-end | Area | Affordable | Area |
| Columbia Heights | 100% | The Palisades | 100% | Fort Davis | 100% |
| West End | 100% | Spring Valley | 92% | River Terrace-Lily Ponds-Mayfair |
100% |
| Adams Morgan / Kalorama Heights / Lanier Heights |
92% | Foxhall Crescent | 87% | Lamond-Riggs | 100% |
| Petworth | 88% | Chevy Chase | 85% | Deanwood | 100% |
| Barney Circle | 85% | West Village (Georgetown) | 81% |
According to the data, 10 percent of neighborhoods in DC are considered high-end and 45 percent are affordable.
