There are a variety of amenities that renters focus on when searching for their next home: Off-street parking, washers and dryers, and—most importantly—a close location to a Metro station. According to a new report from RentHop, being close to a Metro station will cost renters.
At 61 of the 91 Metro stops, rents have increased compared to last year. Meanwhile, for 19 stops, rents have decreased. Some of the largest increases were seen at Franconia-Springfield with an 11.4 percent year-over-year increase and Foggy Bottom-GWU with a 10.2 percent year-over-year increase.
The Metro stops with the biggest drops in rent included Navy Yard-Ballpark with an 8.9 percent year-over-year decrease and Fort Totten with an 8.3 percent year-over-year decrease.
If interested in seeing what homebuyers should expect near each Metro stop, Estately created a map that shows what home prices to expect near each station. Check it out over here.
• Washington DC Rents by Metro Stop 2017 [RentHop]
• Here's How D.C. Rents Compare By Metro Stop [DCInno]