Columbia Heights: Cultural Diversity at its Best
Columbia Heights is a historic Northwest D.C. neighborhood famous for its cultural diversity, high-quality restaurants, and hilltop views of downtown D.C. It’s one of the most densely populated neighborhoods in the district, with a population of more than 36,000 people. Grand row houses line each of the streets, making for ideal family homes as well as group living for young adults.
Columbia Heights is unique for its tasteful restaurants, parks, and schools embedded into a highly-residential neighborhood. One of its most popular attractions, Meridian Hill Park, brings in residents and tourists daily, offering space to exercise, read, and picnic. Its multi-tiered structure includes terrazzo walls, statues and fountains, and is conveniently located just blocks away from the U Street Corridor and Adams Morgan. On warm weekends, the park is dense with people, dogs, and hammocks, and attracts musicians on Sunday afternoons for a community drum circle.
Within the more residential parts of the Columbia Heights neighborhood, independently-owned restaurants, such as those on 11th street, attract families and young professionals. The area is also dense with public schools, sidewalks, and public bikes, giving the area a high walking score and attracting a large number of pedestrians at all times of the day.
The median household value in Columbia Heights is $547,710, a lower than average value compared to the other Northwest D.C. neighborhoods. However, Columbia Heights has more renters than property owners, with monthly renta averaging $1,334. Attractive Columbia Heights rentals bring many investors to this part of D.C. It has a median household income of $83,000, largely due to the density of young professionals and families in this area. With its own designated Metro station, and a range of shopping and eating destinations, an increasing number of investors are choosing to buy property in Columbia Heights. Columbia Heights property management companies are making the task of these investors easy.
If you are planning to buy an investment property in Columbia Heights, it is prudent to hire the services of an experienced Washington DC property management company. Property management DC looks after the tenants and the property and earns them attractive rental income.
References
https://www.niche.com/places-to-live/n/columbia-heights-washington-dc/