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The Rise of the Urban Neighborhood Continues

The Washington DC Metro area is the epitome of an urban neighborhood, which is attracting a greater number of home buyers to leave the suburbs behind. Over recent years there’s been a bigger migration into urban neighborhoods compared to the long-standing appeal of suburban areas. With employment opportunities, reliable, expanding public transit and readily accessible resources, the urban village has seen paramount growth and helped metro regions like DC retain a strong housing market.

The face of the urban neighborhood has changed, much of it for the better. As reported by the Urban Land Institute, urbanites enjoy a lifestyle where they can work, live and play close to home. Check out some of the key findings reviewed in The New Geography of Urban Neighborhoods.

  • Population growth in urban neighborhoods are catching up and sometimes surpassing that of suburban neighborhoods. With 29 million Americans living in an urban setting, 17% of the nation lives in a densely populated area.
  • New job growth in urban neighborhoods in on the rise providing more opportunities for work attracting new residents and encouraging current ones to remain.
  • Urban neighborhoods, especially higher-end ones, are where you can find a greater amount of ethnic and cultural diversity, mirroring the make of our nation, a mix of people from around the world.
  • While urban neighborhoods tend to cost more to live in, more than 50% of urbanites use alternative transportation to get to work, including mass transit, biking or walking. The increase in transit options encourages a healthier and more environmentally friendly lifestyle.

If you’re planning to list your Washington DC home in the near future, be sure to include urban oriented features about your property. Do you live within walking distance to a Metro stop? Are there major employers nearby? Have you updated your home’s energy efficiency footprint? What entertainment and recreation resources are close to your home? Highlighting these aspects about your neighborhood could help you attract more potential buyers once your house is on the market.

As more people gravitate toward urban centers like Washington DC home sellers will continue to benefit from a strong housing market where properties are in high demand. When you are ready to sell or buy a home, make the process easier by working with a local Realtor® who understands the market. ADMC Realty Group is pleased to serve the communities in and around the Washington DC, Maryland, and Northern Virginia areas. If you are thinking about buying or selling a home, we stand ready to assist you every step of the way. Give us a call at (202)596-8101 or email us at [email protected].

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