In a highly competitive market like the one in metropolitan Washington, sometimes the key to reaching your goal of buying a home is compromising.
When you’re facing a bidding war that could drive up the price by thousands of dollars and your budget is limited, sometimes you’ll have to scale back your expectations and make a few trade-offs to find the house that you can afford, such as:
● Going for a fixer-upper instead of a turnkey house.
● Living with a few features you don’t love to get some that you do.
● Making do with a two-bedroom instead of a three-bedroom house.
● Settling for a five-block walk instead of a two-block walk to Metro.
● Bypassing an established neighborhood for an up-and-coming one.
● And especially giving up your desire for a red-hot neighborhood for simply a hot neighborhood.
We asked Redfin to help us identify neighborhoods around the Washington area that strike a balance between popularity and affordability.
Redfin scored neighborhoods based on their desirability as measured by bidding wars. Neighborhoods garnering a “compete score” of 90 to 100 are likely out of reach for buyers not in a position to escalate their bids. Those with compete scores of 60 and below are neighborhoods likely lacking amenities — including easy access to Metro — that many buyers want these days.
We compiled a list of 30 Washington-area neighborhoods in the sweet spot — those ranking in the 70s and 80s. We include entry-level and move-up neighborhoods.
This may be an additional tool to help you identify neighborhoods within your budget that can give you most of what you want. By thinking outside the box and keeping an open mind, you might be able to find the right house for your family.
The list contains the name and location, median sales price and compete score of 30 communities. The median sales price includes condos, single-family houses and townhouses unless specifically noted as only condos.
● Eckington in NE/ $581,000 / 83
● Pleasant Plains and LeDroit Park in NW / $635,000 / 74
● Washington Highlands in SE / $312,500 / 73
● Fort Totten and Riggs Park in NE / $475,000 / 74
● Petworth in NW / $659,000 / 82
● H Street and NoMa in NE / $795,000 / 87
● Hillcrest and Naylor Gardens in SE / $275,000 / 73
● Brightwood Park and Crestwood in NW / $665,000 / 78
● Marshall Heights in SE / $397,000/ 74
● Woodley Park in NW (condos only) / $376,000 / 86
● College Park in Prince George’s County / $390,000 / 84
● Wheaton in Montgomery County / $403,175 / 85
● Landover in Prince George’s / $230,000 / 75
● Montgomery Village in Gaithersburg in Montgomery / $299,900 / 76
● King Farm in Rockville in Montgomery / $575,000 / 79
● Upper Marlboro in Prince George’s / $316,575 / 71
● Downtown Silver Spring in Montgomery (condos only) / $398,000 / 82
● Langley Park in Prince George’s / $359,000 / 70
● North Potomac in Montgomery / $663,950 / 72
● Powder Mill Estates in Beltsville in Prince George’s / $330,488 / 81
● Landmark and Van Dorn in the Alexandria area of Fairfax County / $235,900 / 88
● Sterling in Loudoun County / $412,450 / 87
● Burke Centre in Fairfax / $440,450 / 87
● North Highland in Arlington County (condos only) / $277,500 / 87
● Ashburn Village in Loudoun / $515,000 / 85
● Baileys Crossroads in Fairfax / $305,000 / 87
● Cherrydale in Arlington / $740,000 / 86
● Central Springfield in Fairfax / $510,000 / 86
● Mount Vernon Woods in the Alexandria area of Fairfax / $215,000 / 87
● Clarendon-Courthouse in Arlington / $564,000 / 87