District of Columbia variant. This is a District of Columbia-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
With a median home value of $670,000 and an effective property tax rate of 0.57%, a typical District of Columbia mortgage payment combines principal, interest, taxes, and insurance into a meaningfully different number than the sticker price suggests.
What drives a District of Columbia mortgage payment
On the $670,000 median home with 20% down ($134,000), you'd finance about $536,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $3,388/month.
District of Columbia's 0.57% effective property tax adds about $318/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.
About taxes and housing in District of Columbia
The District of Columbia imposes a graduated income tax with a top marginal rate near 10.75%.
The District has a low effective property tax rate near 0.57%, but median home values are among the highest in the country around $670,000.
The District of Columbia's economy is dominated by the federal government, professional services, and the many associations and contractors that support it.
Worked example: $670,000 home in District of Columbia
Price $670,000, 20% down ($134,000), loan $536,000 at 6.5% for 30 years → P&I ≈ $3,388/mo. Add property tax ≈ $318/mo (0.57% of value ÷ 12). Total before insurance ≈ $3,706/mo.
Quick reference
- State income tax: 4-10.75% across 7 brackets
- State sales tax: 6% (plus 0.00% avg local)
- Median home value: $670,000
- Median household income: $101,027
- Effective property tax rate: 0.57%
- Avg auto insurance: $1,818/yr
Frequently Asked Questions
How much is a mortgage on a $670,000 District of Columbia home?
With 20% down at 6.5% over 30 years, principal and interest run about $3,388/month, before District of Columbia's 0.57% property tax and insurance.
What is the property tax rate in District of Columbia?
District of Columbia's effective property tax rate is about 0.57% of home value per year.