Airbnb City Guide: The Best Places To Invest in Washington, District of Columbia

Airbnb Rules and Regulations in Washington, District of Columbia

Short-term rental hosts in Washington, DC, must adhere to a set of regulations designed to balance the interests of property owners, guests, and the community. Hosts must obtain a license from the Department of Consumer and Regulatory Affairs (DCRA) and can only rent out their primary residence. Short-term rentals, where the host remains on-site, have no limit on the number of rental nights per year. However, vacation rentals, where the host is not present, are capped at 90 nights annually.

All rentals are limited to a maximum of 30 consecutive nights per stay. Hosts must maintain liability insurance, provide a 24-hour accessible contact number, and ensure the property meets safety requirements, including working smoke detectors, carbon monoxide detectors, and fire extinguishers. Failure to comply with these regulations may result in fines ranging from $500 to $6,000, along with the potential revocation of the short-term rental license. By understanding and adhering to these rules, hosts can successfully operate Airbnb rentals while contributing to the nation's capital's vibrant and regulated short-term rental market.

Washington Airbnb Market Data:

• Average Revenue – $42.2K per year
• Average Daily Rate – $222.9 per night
• Average Occupancy Rate – 63%
• Average RevPAR – $135.3
• Average Home Prices – $610,180

1. Top Place to Invest in Washington, DC - Southwest Waterfront

Nestled along the Potomac River, Southwest Waterfront is a vibrant and rapidly evolving neighborhood in the heart of Washington, DC. With its stunning views, diverse amenities, and prime location, this area has become increasingly attractive to residents and investors.

Southwest Waterfront Airbnb Market Data

• Average Revenue – $80.9K per year
• Average Daily Rate – $358.9 per night
• Average Occupancy Rate – 73%
• Average RevPAR – $240.9

Convenience - 8/10

Southwest Waterfront offers unparalleled convenience, with easy access to public transportation, including the Waterfront Metro station and several bus routes. The neighborhood boasts a variety of grocery stores, pharmacies, and other essential services, making daily life a breeze for residents.

Tourist Attractions - 9/10

The area is home to numerous popular tourist destinations, such as the International Spy Museum, the National Mall, and the Tidal Basin, which hosts the famous cherry blossom festival each spring. The Wharf, a new multi-billion dollar development, features an array of restaurants, shops, and entertainment venues, drawing visitors from around the world.

Things to Do - 9/10

From kayaking and paddleboarding on the Potomac to enjoying live music at the Anthem, Southwest Waterfront offers a wide range of activities for all ages. The neighborhood also hosts several annual events, including the DC Jazz Festival and the Southwest Waterfront Fireworks Festival, which could be leveraged to boost bookings if hosts plan accordingly.

Average Home Prices - 7/10

According to Zillow, the typical home value in Southwest Waterfront as of 2024 is $415,000, representing a 12.5% decrease compared to the previous year. While this may seem like a significant drop, it presents an excellent opportunity for investors to enter the market at a lower price point. Despite the recent decline, the area's long-term appreciation potential remains strong, given its prime location and ongoing development.

Proximity to Work-Related Travel - 8/10

Southwest Waterfront is conveniently located near several major employment centers, including government offices, law firms, and lobbying organizations. The neighborhood is also within easy reach of the Walter E. Washington Convention Center and the Capital One Arena, making it an ideal location for business travelers and event attendees.

X-Factor - 9/10

What sets Southwest Waterfront apart is its unique blend of history and modernity. The area's rich cultural heritage is evident in its historic landmarks, such as the Maine Avenue Fish Market, while the ongoing development of The Wharf has brought a new level of sophistication and vitality to the neighborhood. This combination of old and new creates a distinctive atmosphere that appeals to both residents and visitors.

2. Top Place to Invest in Washington, DC - Georgetown

Steeped in history and charm, Georgetown is a highly sought-after neighborhood in the heart of Washington, DC. This picturesque enclave boasts stunning architecture, upscale shopping, and a thriving culinary scene, making it an attractive destination for both residents and visitors alike.

Georgetown Airbnb Market Data

• Average Revenue – $55.3K per year
• Average Daily Rate – $285.5 per night
• Average Occupancy Rate – 67%
• Average RevPAR – $179.4

Convenience - 8/10

Georgetown's central location offers easy access to public transportation, with multiple bus routes and the nearby Foggy Bottom-GWU Metro station. While parking can be a challenge, the neighborhood's walkability and bike-friendly streets make it easy to navigate without a car.

Tourist Attractions - 9/10

From the iconic steps of the Exorcist to the beautiful Chesapeake and Ohio Canal, Georgetown is home to numerous historic sites and landmarks. Visitors flock to the area to explore the charming cobblestone streets, browse the high-end boutiques, and indulge in the vibrant restaurant scene.

Things to Do - 9/10

Georgetown offers a plethora of activities for all ages and interests. Outdoor enthusiasts can enjoy kayaking on the Potomac River or hiking along the scenic trails of Dumbarton Oaks Park. Art lovers can visit the numerous galleries, while foodies can savor the diverse culinary offerings, ranging from casual cafes to Michelin-starred restaurants.

Average Home Prices - 6/10

According to Zillow, the typical home value in Georgetown as of 2024 is $1,359,904, representing a modest 0.7% increase over the past year. While this appreciation rate is lower than in some other DC neighborhoods, Georgetown's high median home price reflects its desirability and exclusivity. Investors should be prepared for a competitive market and potentially lower rental yields compared to more affordable areas.

Proximity to Work-Related Travel - 7/10

Georgetown's proximity to downtown DC and significant employment centers make it attractive for business travelers. The neighborhood is within easy reach of the Walter E. Washington Convention Center and numerous government offices. However, the lack of a direct Metro connection may be a drawback for some commuters.

X-Factor - 9/10

Georgetown's unparalleled blend of history, elegance, and urban sophistication sets it apart. The neighborhood's cobblestone streets, historic row houses, and picturesque waterfront create a unique atmosphere that appeals to both residents and visitors. This timeless charm, combined with the area's upscale amenities and a strong sense of community, makes Georgetown a highly desirable location for Airbnb and short-term rental investments.

3. Top Place to Invest in Washington, DC - Gallaudet

Nestled in the heart of the nation's capital, the Gallaudet neighborhood offers a unique blend of history, culture, and modern amenities. This vibrant community, anchored by the renowned Gallaudet University, has emerged as an attractive location for starting an Airbnb business.

Gallaudet Airbnb Market Data

• Average Revenue – $48.2K per year
• Average Daily Rate – $248.8 per night
• Average Occupancy Rate – 59%
• Average RevPAR – $147.6

Convenience - 8/10

The Gallaudet area boasts excellent accessibility, with the NoMa-Gallaudet U Metro station providing easy access to the Red Line. Numerous bus routes and the Metropolitan Branch Trail offer additional transportation options, making commuting a breeze. The neighborhood's proximity to Union Market and H Street Corridor ensures a wealth of dining and shopping opportunities within walking distance.

Tourist Attractions - 6/10

While not a primary tourist destination, the Gallaudet neighborhood has its share of hidden gems. Visitors can explore the historic Gallaudet University campus, the world's premier institution for deaf and hard-of-hearing students. The nearby Union Market, a revitalized mid-century food hall, offers a unique culinary experience with its eclectic mix of local vendors and artisanal products.

Things to Do - 7/10

The Gallaudet area offers a diverse array of activities for residents and visitors. The neighborhood's thriving arts scene is exemplified by the Atlas Performing Arts Center and the DC Art Studios. Foodies will delight in the abundance of restaurants and bars along the H Street Corridor, while outdoor enthusiasts can enjoy the tranquil green spaces of Trinidad Recreation Center and the Metropolitan Branch Trail.

Average Home Prices - 7/10

According to Zillow, the typical home value in the Gallaudet neighborhood as of 2024 is $438,027, representing a 6.2% increase over the past year. This appreciation rate surpasses the national average, indicating a growing demand for properties in the area. While prices are lower than some of DC's more expensive neighborhoods, the relatively affordable housing options make Gallaudet an attractive prospect for investors seeking higher rental yields.

Proximity to Work-Related Travel - 7/10

The Gallaudet neighborhood's central location puts it within easy reach of major employment centers, hospitals, and government offices. The nearby Union Station provides convenient access to the Walter E. Washington Convention Center and Capitol Hill. While the area may not be in the immediate vicinity of sports venues, its excellent public transportation links make navigating the city a simple task.

X-Factor - 8/10

What sets the Gallaudet neighborhood apart is its strong sense of community and commitment to inclusivity. The presence of Gallaudet University fosters a diverse and welcoming atmosphere, where deaf culture and American Sign Language are celebrated. The area's ongoing revitalization efforts, combined with its vibrant arts scene and growing restaurant and bar offerings, make it an increasingly desirable location for both residents and investors looking to capitalize on the neighborhood's potential.

4. Top Place to Invest in Washington, DC - Brookland

Nestled in the heart of the nation's capital, Brookland is a charming and vibrant neighborhood that offers a perfect blend of urban convenience and small-town charm. With its rich history, thriving arts scene, and proximity to major attractions, Brookland has emerged as an attractive destination for residents and investors.

Brookland Airbnb Market Data

• Average Revenue – $35.3K per year
• Average Daily Rate – $175.6 per night
• Average Occupancy Rate – 66%
• Average RevPAR – $113.8

Convenience - 8/10

Brookland boasts excellent accessibility, with the Brookland-CUA Metro station providing easy access to the Red Line. Numerous bus routes and the Metropolitan Branch Trail offer additional transportation options, making commuting a breeze. The neighborhood's proximity to major thoroughfares, such as Rhode Island Avenue and Michigan Avenue, ensures quick access to other parts of the city.

Tourist Attractions - 7/10

While not a primary tourist hotspot, Brookland has its share of unique attractions. The Basilica of the National Shrine of the Immaculate Conception, the largest Roman Catholic church in North America, draws visitors from around the world. The nearby Franciscan Monastery offers a tranquil escape with its beautiful gardens and architecture. Art enthusiasts can explore the local galleries and studios, showcasing the works of talented local artists.

Things to Do - 8/10

Brookland offers a diverse array of activities for residents and visitors. The Arts Walk at Monroe Street Market features a collection of artist studios, shops, and restaurants, providing a vibrant cultural experience. Foodies will delight in the neighborhood's growing restaurant scene, with options ranging from cozy cafes to upscale dining establishments. The Turkey Thicket Recreation Center and Noyes Park provide ample opportunities for outdoor recreation and community events.

Average Home Prices - 7/10

According to Zillow, the typical home value in Brookland as of 2024 is $677,943, representing a 2.2% decrease over the past year. While this depreciation may seem concerning, it presents an opportunity for investors to enter the market at a more favorable price point. Compared to some of DC's more expensive neighborhoods, the relatively affordable housing options make Brookland attractive for those seeking higher rental yields.

Proximity to Work-Related Travel - 8/10

Brookland's strategic location puts it within easy reach of major employment centers, hospitals, and universities. The nearby Catholic University of America and Trinity Washington University provide a steady flow of students and faculty, creating a strong rental demand. The Washington Hospital Center, the largest private hospital in DC, is just a short drive away, making Brookland an ideal location for healthcare professionals.

X-Factor - 9/10

What sets Brookland apart is its strong sense of community and small-town feel despite being in the heart of a bustling city. The neighborhood's tree-lined streets, historic homes, and tight-knit community create a welcoming atmosphere that appeals to both residents and investors. The ongoing development projects, such as the Monroe Street Market and the Rhode Island Avenue Main Street program, are expected to further enhance the area's desirability and property values in the coming years.

5. Top Place to Invest in Washington, DC - Capitol Hill

Steeped in history and brimming with charm, Capitol Hill is a vibrant neighborhood that offers a perfect blend of urban convenience and small-town ambiance. This iconic area, situated in the heart of the nation's capital, has become an increasingly attractive destination for residents and investors.

Capitol Hill Airbnb Market Data

• Average Revenue – $50.8K per year
• Average Daily Rate – $231.2 per night
• Average Occupancy Rate – 73%
• Average RevPAR – $161.3

Convenience - 9/10

Capitol Hill boasts unparalleled accessibility, with the Capitol South and Eastern Market Metro stations providing easy access to the Blue, Orange, and Silver lines. Numerous bus routes and the proximity to major thoroughfares ensure quick connections to other parts of the city. The neighborhood's walkability and bike-friendly streets make it a breeze to navigate without a car.

Tourist Attractions - 10/10

As the epicenter of American democracy, Capitol Hill is home to some of the nation's most iconic landmarks. Visitors flock to the US Capitol Building, Supreme Court, and Library of Congress to witness history in the making. The nearby National Mall offers a wealth of museums, memorials, and green spaces, ensuring a never-ending stream of tourists year-round.

Things to Do - 9/10

Capitol Hill offers a diverse array of activities for residents and visitors alike. Eastern Market, a historic public market, buzzes with energy on weekends, featuring fresh produce, artisanal crafts, and live music. The neighborhood's thriving dining scene showcases an eclectic mix of cuisines, from cozy cafes to upscale restaurants. Cultural enthusiasts can enjoy performances at the Folger Shakespeare Library or explore the unique collections at the National Postal Museum.

Average Home Prices - 7/10

According to Zillow, the typical home value in Capitol Hill as of 2024 is $902,644, representing a modest 0.8% decrease over the past year. While this depreciation may seem concerning, it presents an opportunity for investors to enter the market at a more favorable price point. The relatively high median home price reflects the neighborhood's desirability and prime location, but it may result in lower rental yields compared to more affordable areas.

Proximity to Work-Related Travel - 8/10

Capitol Hill's strategic location puts it within easy reach of major employment centers, government offices, and lobbying firms. The nearby Washington Navy Yard and Capitol Riverfront neighborhoods have emerged as thriving business districts, attracting professionals from various industries. While the area may not be in the immediate vicinity of hospitals or sports venues, its excellent public transportation links make commuting to other parts of the city a simple task.

X-Factor - 9/10

Its unparalleled sense of history and its seamless blend of old-world charm and modern sophistication set Capitol Hill apart. The neighborhood's tree-lined streets, colorful row houses, and iconic government buildings create an awe-inspiring and inviting unique atmosphere. The strong sense of community, the area's rich cultural heritage, and exciting future developments make Capitol Hill a truly special place to live, work, and invest in.

6. Top Place to Invest in Washington, DC - Chevy Chase

Nestled along the northwestern edge of Washington, DC, Chevy Chase is a charming and affluent neighborhood that offers a perfect blend of urban convenience and suburban tranquility. With its tree-lined streets, upscale shopping, and proximity to the nation's capital, Chevy Chase has become a premier choice for hosting short-term rentals.

Chevy Chase Airbnb Market Data

• Average Revenue – $41.2K per year
• Average Daily Rate – $189.2 per night
• Average Occupancy Rate – 74%
• Average RevPAR – $139.3

Convenience - 9/10

Chevy Chase boasts excellent accessibility, with the Friendship Heights Metro station providing easy access to the Red Line. Numerous bus routes and the Capital Crescent Trail offer additional transportation options, making commuting a breeze. The neighborhood's walkability and proximity to a wide array of amenities, including grocery stores, pharmacies, and top-rated schools, further enhance its convenience factor.

Tourist Attractions - 7/10

While not a primary tourist hotspot, Chevy Chase has its share of unique attractions. Visitors can explore the historic Avalon Theatre, a beautifully restored 1920s movie palace, or stroll through the picturesque Chevy Chase Circle, a landscaped roundabout featuring a grand fountain. The nearby Rock Creek Park offers ample opportunities for outdoor recreation, including hiking, biking, and horseback riding.

Things to Do - 8/10

Chevy Chase offers a diverse array of activities for residents and visitors. The Collection at Chevy Chase features high-end shopping and dining options, while the nearby Friendship Heights and Tenleytown neighborhoods provide additional entertainment and cultural experiences. The Chevy Chase Pavilion houses an indoor shopping mall, a fitness center, and a movie theater, ensuring there's always something to do, rain or shine.

Average Home Prices - 7/10

According to Zillow, the typical home value in Chevy Chase as of 2024 is $1,338,376, representing a slight 0.4% decrease over the past year. While this depreciation may seem concerning, it presents an opportunity for investors to enter the market at a more favorable price point. The relatively high median home price reflects the neighborhood's desirability and exclusivity, but it may result in lower rental yields compared to more affordable areas.

Proximity to Work-Related Travel - 8/10

Chevy Chase's strategic location puts it within easy reach of major employment centers, hospitals, and government offices. The nearby National Institutes of Health (NIH) and Walter Reed National Military Medical Center attract a significant number of healthcare professionals. The neighborhood's proximity to downtown DC and the Bethesda business district makes it an ideal location for those working in various industries.

X-Factor - 9/10

Chevy Chase's unparalleled combination of urban sophistication and small-town charm sets it apart. The neighborhood's tree-lined streets, well-manicured lawns, and stately homes create a serene and inviting atmosphere. The strong sense of community, exemplified by the numerous neighborhood events and active civic associations, adds to the area's appeal. With its excellent schools, low crime rates, and access to top-notch amenities, Chevy Chase offers an exceptional quality of life that is highly sought-after by both residents and investors.

7. Top Place to Invest in Washington, DC - Navy Yard

Nestled along the banks of the Anacostia River, Navy Yard is a vibrant and rapidly growing neighborhood in the heart of Washington, DC. This former industrial area has undergone a remarkable transformation, emerging as a hub for entertainment, dining, and urban living, making it an increasingly attractive destination for both residents and investors.

Navy Yard Airbnb Market Data

• Average Revenue – $45.5K per year
• Average Daily Rate – $249.2 per night
• Average Occupancy Rate – 59%
• Average RevPAR – $141.9

Convenience - 9/10

Navy Yard boasts exceptional accessibility, with the Navy Yard-Ballpark Metro station providing easy access to the Green Line. The neighborhood's proximity to major thoroughfares, such as Interstate 695 and South Capitol Street, ensures quick connections to other parts of the city. The abundance of bike lanes and the Anacostia Riverwalk Trail offer additional transportation options, promoting a car-free lifestyle.

Tourist Attractions - 8/10

While Navy Yard may not be a traditional tourist hotspot, it offers a unique blend of attractions that appeal to visitors and locals alike. The Yards Park, a beautifully landscaped waterfront park, features a boardwalk, fountains, and a variety of outdoor activities. The nearby Nationals Park, home to the Washington Nationals baseball team, draws sports enthusiasts from across the region.

Things to Do - 9/10

Navy Yard offers a plethora of activities for residents and visitors. The neighborhood's thriving dining scene showcases an eclectic mix of cuisines, from casual eateries to upscale restaurants. The Yards Park hosts numerous events throughout the year, including outdoor movie screenings, concerts, and festivals. Fitness enthusiasts can enjoy the state-of-the-art facilities at the Washington Navy Yard Fitness Center or participate in the many recreational sports leagues in the area.

Average Home Prices - 8/10

According to Zillow, the typical home value in Navy Yard as of 2024 is $642,987, representing a 3.2% increase over the past year. This appreciation rate, although modest, indicates a stable and growing housing market. The relatively high median home price reflects the neighborhood's desirability and prime location, but it may result in lower rental yields compared to more affordable areas. However, the ongoing development and increasing popularity of Navy Yard suggest a strong potential for long-term property value appreciation.

Proximity to Work-Related Travel - 9/10

Navy Yard's strategic location puts it within easy reach of major employment centers, government offices, and military installations. The neighborhood is home to the Washington Navy Yard, the oldest shore establishment of the US Navy, which employs many military personnel and civilians. The nearby Capitol Riverfront and Southwest Waterfront neighborhoods have emerged as thriving business districts, attracting professionals from various industries.

X-Factor - 9/10

Its unique blend of history, modernity, and waterfront charm sets Navy Yard apart. The neighborhood's industrial past is evident in its architecture, with beautifully restored brick buildings and historic structures. The ongoing development projects, such as The Yards and Ballpark Square, have brought a new level of sophistication and vitality to the area, with sleek high-rise apartments, trendy restaurants, and vibrant public spaces. The strong sense of community and the neighborhood's commitment to sustainability and green living make Navy Yard a truly special place to live, work, and invest in.

8. Top Place to Invest in Washington, DC - Shaw

Located in the heart of the nation's capital, Shaw is a vibrant and culturally rich neighborhood that has undergone a remarkable transformation in recent years. With its unique blend of history, diversity, and modern amenities, Shaw has emerged as an increasingly attractive destination for residents and investors.

Shaw Airbnb Market Data

• Average Revenue – $50.8K per year
• Average Daily Rate – $255.1 per night
• Average Occupancy Rate – 69%
• Average RevPAR – $158.3

Convenience - 9/10

Shaw boasts exceptional accessibility, with the Shaw-Howard University and U Street Metro stations providing easy access to the Green and Yellow lines. The neighborhood's central location and proximity to major thoroughfares, such as U Street and Florida Avenue, ensure quick connections to other parts of the city. The abundance of bus routes and the neighborhood's walkability further enhance its convenience factor.

Tourist Attractions - 8/10

While Shaw may not be a traditional tourist hotspot, it offers a wealth of cultural attractions that appeal to visitors and locals alike. The historic Howard Theatre, a recently restored landmark, showcases diverse musical acts and performances. The African American Civil War Memorial and Museum provide a poignant glimpse into the neighborhood's rich history and its role in the fight for equality.

Things to Do - 9/10

Shaw offers a plethora of activities for residents and visitors. The neighborhood's thriving dining and nightlife scene showcases an eclectic mix of cuisines and entertainment options, from trendy bars and clubs to intimate jazz venues. The weekly Shaw Farmers Market offers fresh produce and artisanal goods, while the numerous art galleries and studios throughout the neighborhood showcase the works of local artists.

Average Home Prices - 7/10

According to Zillow, the typical home value in Shaw as of 2024 is $712,549, representing a 2.1% decrease over the past year. While this depreciation may seem concerning, it presents an opportunity for investors to enter the market at a more favorable price point. The relatively high median home price reflects the neighborhood's desirability and prime location, but it may result in lower rental yields compared to more affordable areas. However, Shaw's ongoing development and increasing popularity suggest a strong potential for long-term property value appreciation.

Proximity to Work-Related Travel - 8/10

Shaw's strategic location puts it within easy reach of major employment centers, government offices, and healthcare facilities. The nearby Walter E. Washington Convention Center attracts a significant number of business travelers and conference attendees. The neighborhood's proximity to the U Street Corridor and the 14th Street business district makes it an ideal location for professionals working in various industries.

X-Factor - 9/10

Its unique blend of history, diversity, and urban sophistication sets Shaw apart. The neighborhood's rich African American heritage is evident in its architecture, cultural institutions, and community events. The ongoing revitalization efforts have brought a new level of energy and vitality to the area, with stylish restaurants, trendy boutiques, and beautifully restored row houses. The strong sense of community and the neighborhood's commitment to preserving its cultural roots while embracing modern growth make Shaw a truly special place to live, work, and invest in.

9. Top Place to Invest in Washington, DC - Burleith

Nestled between the bustling Georgetown and Glover Park neighborhoods, Burleith is a charming and peaceful residential enclave in the heart of Washington, DC. With its tree-lined streets, well-maintained homes, and strong sense of community, Burleith has become an increasingly attractive destination for both homebuyers and investors seeking a tranquil urban oasis.

Burleith Airbnb Market Data

• Average Revenue – $53.4K per year
• Average Daily Rate – $259.6 per night
• Average Occupancy Rate – 71%
• Average RevPAR – $182.1

Convenience - 8/10

Burleith's location offers a convenient blend of urban accessibility and suburban tranquility. While the neighborhood itself is primarily residential, its proximity to the shopping and dining options in Georgetown and Glover Park ensures that residents have easy access to a wide array of amenities. The nearby Wisconsin Avenue and Massachusetts Avenue provide quick connections to other parts of the city, while the Dupont Circle and Foggy Bottom Metro stations are just a short bus ride away.

Tourist Attractions - 6/10

As a primarily residential neighborhood, Burleith may not boast a wealth of tourist attractions within its borders. However, its location puts it within easy reach of some of Washington, DC's most popular destinations. The historic Georgetown neighborhood, with its charming cobblestone streets, boutique shops, and renowned universities, is just a short walk away. The nearby National Cathedral and the beautiful gardens of Dumbarton Oaks offer additional opportunities for cultural exploration and outdoor relaxation.

Things to Do - 7/10

While Burleith itself may not offer a wide variety of entertainment options, its proximity to the vibrant Georgetown and Glover Park neighborhoods ensures that residents have access to a diverse array of activities. From the trendy restaurants and bars along Wisconsin Avenue to the picturesque trails of Glover Archbold Park, there's always something to do just a short distance from Burleith. The neighborhood also hosts a number of community events throughout the year, including the annual Burleith Picnic and the Burleith Halloween Party.

Average Home Prices - 7/10

According to Zillow, the typical home value in Burleith as of 2024 is $1,187,962, representing a modest 0.9% increase over the past year. While the median home price in Burleith is relatively high compared to other areas of Washington, DC, the neighborhood's stability and desirability have helped to maintain property values over time. The limited inventory of homes in Burleith may result in lower rental yields for investors, but the potential for long-term appreciation and the neighborhood's strong appeal to high-quality tenants make it an attractive option for those seeking a reliable investment opportunity.

Proximity to Work-Related Travel - 8/10

Burleith's location makes it easy to reach several major employment centers and transportation hubs. The nearby Georgetown University and George Washington University attract a significant number of students, faculty, and staff, many of whom seek housing in the surrounding neighborhoods. The neighborhood's proximity to the Dupont Circle and Foggy Bottom Metro stations and numerous bus lines along Wisconsin and Massachusetts Avenues makes it an ideal location for professionals commuting to various parts of the city.

X-Factor - 9/10

Burleith's unique combination of urban convenience and small-town charm sets it apart. The neighborhood's quiet, tree-lined streets and well-maintained homes create a sense of tranquility and safety that is rare in the heart of a major city. The strong sense of community, fostered by the active Burleith Citizens Association and the numerous neighborhood events throughout the year, adds to the area's appeal. With its excellent location, stable property values, and high quality of life, Burleith offers a compelling investment opportunity for those seeking a peaceful and desirable urban retreat.

10. Top Place to Invest in Washington, DC - LeDroit Park

Situated just north of the bustling U Street Corridor, LeDroit Park is a historic and culturally rich neighborhood that has experienced a remarkable revitalization in recent years. With its unique architecture, strong sense of community, and convenient location, LeDroit Park has become an increasingly attractive destination for both homebuyers and investors seeking an authentic urban living experience.

LeDetroit Park Airbnb Market Data

• Average Revenue – $47K per year
• Average Daily Rate – $225.4 per night
• Average Occupancy Rate – 69%
• Average RevPAR – $151.7

Convenience - 8/10

LeDroit Park's location offers a convenient blend of urban accessibility and residential charm. The Shaw-Howard University Metro station serves the neighborhood, which provides easy access to the Green and Yellow lines. The nearby U Street Corridor and Florida Avenue offer a wide array of shopping, dining, and entertainment options, while the neighborhood's proximity to major thoroughfares, such as Rhode Island Avenue and Georgia Avenue, ensures quick connections to other parts of the city.

Tourist Attractions - 7/10

While LeDroit Park itself may not be a major tourist destination, its rich history and unique architecture make it an attractive spot for visitors interested in exploring Washington, DC's cultural heritage. The neighborhood is home to the historic Howard University, which offers a variety of cultural events and attractions throughout the year. The nearby U Street Corridor, known for its vibrant music scene and cultural landmarks, such as the Lincoln Theatre and the African American Civil War Memorial, provides additional opportunities for exploration and entertainment.

Things to Do - 8/10

LeDroit Park offers a diverse array of activities for residents and visitors alike. The neighborhood's tree-lined streets and historic architecture provide a picturesque backdrop for outdoor recreation, while the nearby Park at LeDroit and the Howard University Reservoir Park offer additional green spaces for relaxation and community gatherings. The U Street Corridor, just a short walk away, boasts a thriving nightlife scene, with numerous bars, clubs, and live music venues. The neighborhood also hosts several annual events, such as the LeDroit Park Community Day and the Howard University Homecoming Parade.

Average Home Prices - 8/10

According to Zillow, the typical home value in LeDroit Park as of 2024 is $799,854, representing a 3.7% increase over the past year. While the median home price in LeDroit Park is relatively high compared to some other areas of Washington, DC, the neighborhood's growing popularity and ongoing revitalization efforts have contributed to steady property value appreciation. The potential for strong rental yields and long-term value growth, combined with the neighborhood's attractive location and unique character, make LeDroit Park a compelling investment opportunity for transforming a home into a successful Airbnb.

Proximity to Work-Related Travel - 8/10

LeDroit Park's central location puts it within easy reach of several major employment centers and transportation hubs. The neighborhood's proximity to Howard University and the U Street Corridor attracts a diverse mix of students, professionals, and creative individuals. The nearby Shaw-Howard University Metro station provides convenient access to other parts of the city, including the downtown business district and the Walter E. Washington Convention Center. The neighborhood is also served by several bus lines, making it an ideal location for those commuting to various parts of the city.

X-Factor - 9/10

What sets LeDroit Park apart is its unique blend of history, cultural diversity, and community spirit. The neighborhood's distinctive architecture, characterized by its Victorian-era row houses and ornate ironwork, creates a visually striking and memorable atmosphere. The strong sense of community, fostered by the active LeDroit Park Civic Association and the numerous neighborhood events throughout the year, adds to the area's appeal. With its rich heritage, convenient location, and ongoing revitalization efforts, LeDroit Park offers a one-of-a-kind investment opportunity for those seeking an authentic and vibrant urban living experience.