10 Richest Neighborhoods in Washington DC

By PropertyClub Team
May 28th 2024
From historic elegance to modern grandeur, Washington DC is brimming with upscale communities. This list of the ten richest neighborhoods in Washington DC will be your guide to the most affluent areas within the nation’s capital. 

hash-mark10 Richest Neighborhoods in Washington DC

  1. Kalorama
  2. Georgetown
  3. Woodley Park
  4. Downtown Washington 
  5. Cleveland Park
  6. Wesley Heights
  7. Glover Park
  8. Friendship Heights
  9. Barnaby Woods
  10. Chevy Chase

hash-mark1. Kalorama

The richest neighborhood in Washington DC, is Kalorama. Nestled in the heart of the city, Kalorama is an exclusive neighborhood celebrated for its elegance and historic charm. Home to embassies, stately mansions, and expansive townhouses, Kalorama attracts many high-profile residents. The neighborhood is popular with many of the celebrities that live in Washington DC with notable residents including the Obamas, Goldie Hawn, and Jeff Bezos.

With tree-lined streets, a serene ambiance, a median home price of $1,350,000 and an average monthly rent of $2,819.00, Kalorama is the wealthiest neighborhood in Washington DC.

hash-mark2. Georgetown 

The second-richest neighborhood in Washington DC is Georgetown. Offering a unique blend of historic charm and urban sophistication, this neighborhood is known for its picturesque streets, which are lined with beautiful row houses. Residents can enjoy a vibrant social scene with trendy boutiques, cafes, and restaurants along the bustling M Street, as well as close proximity to major landmarks and the waterfront. The median home price in Georgetown is $1,404,000 and the average monthly rent is $2,582.00, making it another top choice for wealthy residents. 

hash-mark3. Woodley Park

Woodley Park is another one of the wealthiest neighborhoods in Washington DC Located about 2.3 miles from the city center, this area provides a delightful combination of tranquility and accessibility. The neighborhood’s forested streets and residential character create a peaceful ambiance, while its close proximity to Connecticut Avenue keeps residents close to vibrant city life. The median home price in Woodley Park is $829,700, and the average monthly rent is $2,266.00, making it a desirable place to live for the capital’s elite.

hash-mark4. Downtown Washington

It’s no surprise that Downtown Washington is one of Washington DC's richest neighborhoods. Living in Downtown Washington D.C. offers an unparalleled urban experience, with a bustling atmosphere and iconic landmarks. The neighborhood is at the heart of the nation’s capital, surrounded by government buildings, museums, and historic sites. With so much to do in this area, it’s easy to see why the average monthly rent stays close to $2,230.00. The median home price in Downtown Washington DC is $618,200. 

hash-mark5. Cleveland Park

Cleveland Park is one of the richest neighborhoods in Washington DC, and it’s an excellent place for families. This tranquil residential retreat offers a calm respite from city life, complete with tree-lined streets, historic architecture, and a generally welcoming atmosphere. The area boasts a variety of local shops, cafes, and restaurants, and its close proximity to the National Zoo and Rock Creek Park creates ample recreational opportunities for families with children. The median home price in Cleveland Park is $754,500 and the average monthly rent is $2,350.00. 

hash-mark6. Wesley Heights 

Wesley Heights is also one of the richest neighborhoods in Washington DC Known for its well-maintained homes and lush greenery, this neighborhood creates a calming and luxurious atmosphere for its residents. Its ideal location near both Battery Kemble Park and Glover Archbold Park, prestigious schools, and embassies make it an attractive choice for affluent professionals. With a median home price of $630,900 and an average monthly rent of $2,451.00, Wesley Heights seeks to impress anyone interested in a refined urban lifestyle.

hash-mark7. Glover Park

Glover Park is one of the wealthiest cities in Washington DC for those who prefer a cozy community experience. This area’s peaceful atmosphere makes it an attractive choice for residents seeking a quiet space to retreat from the demands of city life. Its emphasis on local business and community-oriented events also contributes to the neighborhood’s friendly and close-knit feel. With a median home price of $603,300 and an average monthly rent of $2,275.00, Glover Park is certain to impress the capital’s upper echelon.

hash-mark8. Friendship Heights 

If you’re looking for a rich neighborhood a little further away from the city center, Friendship Heights is an excellent choice. Though this area rests about 5.3 miles from Downtown, it is still a vibrant and cosmopolitan experience. Complete with a bustling commercial district along Wisconsin Avenue, this neighborhood provides all the convenience of city living and attracts a dynamic resident base of young professionals. The median home price in Friendship Heights is $1,329,500 and the average rent is $2,429.00 per month.

hash-mark9. Barnaby Woods

Barnaby Woods is another one of the wealthiest neighborhoods in Washington DC. Barnaby Woods is ideal for those who prefer to live away from the city center. A picturesque residential neighborhood, this area’s serene, tree-lined streets create a peaceful escape from city living. The neighborhood’s strong sense of community, friendly atmosphere, abundant green spaces, and charming homes make it an ideal choice for families. The average monthly rent in Barnaby Woods is $2,327.00, keeping it an essential part of Washington DC's richest neighborhoods. 

hash-mark10. Chevy Chase 

In addition to being one of the wealthiest neighborhoods in Washington DC, Chevy Chase is also one of the safest places to live in Washington DC. This neighborhood’s manicured streets and historic architecture help create a sophisticated allure that attracts wealthy residents. Its close proximity to the Washington DC border offers access to a unique blend of scenic nature trails, upscale shops, gourmet restaurants, and other cultural amenities. Providing a hub of accessibility, it’s no wonder the average monthly rent in Chevy Chase is $2,429.00.