Shaw: A Rapidly Developing and Historic Neighborhood of D.C.
Shaw is a popular neighborhood in the central part of Washington, D.C. Shaw was developed in the early 20th century and has traditionally been a social and cultural hub for African American communities. Today, Shaw is a rapidly developing modern neighborhood, with an abundance of shops, restaurants, cafes, and bars attracting families and young professionals.
Shaw is located east of U Street, famously known by locals as “Black Broadway” due to its plethora of entertainment venues such as the Lincoln Theater and Howard Theater. Most of the buildings in the neighborhood were destroyed during the riots of 1968, following the assassination of Dr. Martin Luther King Junior. However, Shaw was rebuilt in the 70’s and 80’s as gentrification took its course. Most of the homes in this neighborhood are Victorian-era row homes mixed with mid-rise apartment buildings. With its three metro stops and handful of bus lines running through the area, Shaw is easy to access for residents and tourists alike.
Shaw attracts young families and professionals because of its urban, cool and relaxed feel. Despite being just 0.73 square miles, Shaw has a population of more than 17,000 residents. The median home value in Shaw is $534,684, with rentals averaging at $1,855. Shaw property management companies make the job of these investors easy by looking after the affairs of their properties.
If you like to invest in property, it is a good idea to hire services of a Washington, D.C. property management company. Property management DC can help you enjoy passive income from your rental or buying investments.