Upper Northwest is a popular, rapidly growing neighborhood in the Northwest part of Washington, D.C. In it’s 0.91 square miles, Upper Northwest houses 24,500 residents in quaint terraced houses and single-family homes. This close-knit community is abundant in families, and offers moderately rated schools. It is a culturally diverse neighborhood composed mostly of African Americans and Hispanic populations.
Despite being residential in nature, Upper Northwest has an abundance of shops and restaurants. Upshur Street offers tasteful food joints and drinking spots for local residents, while Georgia Avenue provides a collection of restaurants featuring foods from around the world. The neighborhood is also home to two of the best new restaurants in the U.S. Additional attractions include President Lincoln’s Cottage--a beautiful, hilltop cottage offering guided tours--and the Upper Northwest Festival--a local, family-friendly festival centered on food, music, art, health, and lifestyle.
The median home value in this neighborhood is $552,459, and the median monthly rental is $1,176. An increasing number of families are attracted to this neighborhood of D.C. due to it’s safety, quietness, access to parks, and walkability. Buying property here can be profitable for you due to the high demand for Upper Northwest rentals. You can expect a quick appreciation in the value of your property, hopefully earning you an attractive rental income. You would do well to hire services of a Upper Northwest property management company to manage the affairs of your property.
Contact a Washington DC property management company to look after your tenants and the property. Property management DC takes care of all your worries and guarantees a decent rental income from your investment.