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The Best Big Cities for Renters

By Suzanne Woolley - 2013-03-06T21:30:30Z

Photograph by Tetra Images

Company Symbol % Change
9 of 15

No. 4 (tie): Washington, D.C.

Breakeven horizon: 3.7 years

Zillow Rent Index:  7%

Homes sold at a loss: 16.07%

Washington has all the ingredients of a stable real estate market: government jobs, as well as health-care, educational and military institutions. The district is seeing a lot of new construction interest, both in single-family and multifamily housing, says Humphries. Its median home value is $402,400, up more than 10 percent from a year ago last December. It ranked third on Bloomberg Businessweek’s list of America’s 50 Best Cities. Its expansive parks (12 park acres per 1,000 residents), lively districts and depth and quality of schools are big draws.