Building Costs Per Square Foot in the District of Columbia (DC), USA

Washington DC 3612 Massachussetts Avenue NW - 5 Bedrooms and 8 Baths with 2 Attached Garages on Gross Floor Area 6534 sqft - Built in 2022 - Price $4,995,000 (2)

Newly Built House in Washington DC 3612 Massachussetts Avenue NW – 5 Bedrooms and 8 Baths with 2 Attached Garages on Gross Floor Area 6534 sqft – Built in 2022 – Price $4,995,000 (2)

Residential Construction Market Analysis in the District of Columbia (DC), USA

Building costs are 12% above the national average in the District of Columbia, and equivalent to the state of Massachusetts. It’s the 3rd most expensive state to build a house in the USA. Construction costs are 3% higher than California and New Jersey. Washington, DC (District of Columbia) has a population of 601 thousand inhabitants. Its area covers 176.76 square kilometers. It is located in the South region, South Atlantic division. What makes it stand out from the rest of the states is that Washington is the capital of the United States, which is why it houses the Capitol, the center of government, as well as the Senate and Congress. The White House, the FBI, the Library of Congress, and the Pentagon are also based in this city.

This means that many of the people who live here are diplomats or government workers. There are also people who seek to live here due to its high level of security, and tranquility, and simply because in DC you are “close to everything”.

Despite attracting so many people, this state has a complex real estate market. In part, it will not be affected by crises since the people who determine interest rates or estimated values ​​live in this same state, so they would not choose rules that affect them negatively. Still, median values ​​are some of the most expensive in the entire country, and a median home can be hard to find.

For this reason, we have prepared this article where we can show you what the values ​​are, the trends that can be expected in DC during the rest of the year or the near future, what types of construction there are, and the residential real estate projects that will come in the future.

District of Columbia (DC) Construction Outlook

The residential constructions in DC maintain a traditional style, with the colonial inheritance that is received from Great Britain and a little from France. Residential homes, including multi-family homes or small buildings, all share the same architectural style, with an aesthetic that makes you feel like you’re seeing the white house everywhere.

In the areas near the government buildings, there are some residential buildings, but they are not very tall and are usually inhabited by people who work for the government. Also, since there are so many embassies or consulates from other countries, there are diplomats from all over the world who inhabit these parts.

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