Population: Wikipedia (List of United States cities by population); median home price: Redfin/Zillow market data; state income tax: Tax Foundation, 2026.
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With 693,645 residents, Washington, D.C., DC sits squarely in the a mid-size population in the several-hundred-thousand range tier — a fact that shapes everything from bank branch density to how competitive the local mortgage market is. the District of Columbia taxes top earners at 10.8%, one of the steepest state rates in the country, which makes tax-advantaged retirement accounts unusually valuable for Washington, D.C. residents.
Washington, D.C.'s median home price of $706,333 runs well above the national figure, which is why local down-payment assistance programs and first-time buyer guides get disproportionate use here. What follows is Washington, D.C.-specific: local banks, local tax rules, and local real estate data, not a copy-paste of national advice.