The D.C. Metro area has some of the coolest places for millennials to live in the entire country and each is intriguingly different from the other. What they have in common,however, is their ethnic diversity, great restaurants and retail, vibrant nightlife and nearby Metro stops. And they’re the ideal neighborhoods in which to purchase a home because the property values will either increase at best, or remain stable at worst.
Compiled below is a list of DMV neighborhoods that should be on the radar of all first-time home buyers:
Mosaic District, VA
Mosaic District is a mixed-use 31-acre development that brings an urban feel to suburbia. Mosaic District has a wide variety of housing options- older, single-family homes, modern townhouses, and full-service condominiums. Eventually, the LEED-certified development will include a total of 500,000 square feet of retail and 1,000 residential units. The contemporary townhomes by EYA deserve a special mention for their thoughtfully-designed floor plans, lofts and open terraces, great for entertaining. The first and second phase are currently sold out but new construction is being planned. The price range will be similar, about $714,900 for 1,620-square-foot and $814,900 for 2,100 square foot townhomes.
The Mosaic District is located about a mile from the Dunn Loring Metro station on the Orange Line reachable by an HOA-provided free shuttle during weekdays. The development offers free electric car charging stations and paid valet parking.
The tiny area is really quite self-sufficient with D.C.’s favorite eateries and speciality food shops, an art house theatre, a sizeable Target, local boutiques (handpicked by Eden, the retail realty developers who conceptualized Mosaic), and a farmer’s market every Sunday. The one-acre Central Park with a supersized outdoor movie screen is a popular choice for community gatherings and events including Sunday film showings, yoga and aerobics sessions and a Lululemon Run Club.
This historic, culture-rich neighborhood is home to diplomats, culture vultures and outdoor enthusiasts. One of DC’s most walkable locales got its name from the fog that naturally lingers here. Foggy Bottom has many historic old homes and mid-rise apartment buildings. Affordable co-ops and full-amenity condominiums are plentiful for students and staff of George Washington University, which occupies a large portion of this neighborhood.
Commuting is a breeze in Foggy Bottom with Metro’s Blue, Orange and Silver Lines, commuter buses from Maryland and Virginia, and a well-knit local bus transit system. Walking and biking trails along the Potomac River offer spectacular views from Georgetown all the way to the Memorial Bridge.
Foggy Bottom’s biggest draws are its 2,100 acres of green space, Rock Creek Park and The John F. Kennedy Center for Performing Arts that hosts world-class dance and drama performances on its nine stages and a free show daily at 6p.m.
Southwest Waterfront, D.C.
Southwest Waterfront is one of the most exciting new D.C. neighborhoods, hugging the Potomac River from the 14th Street Bridge past Nationals Park.
Massive redevelopment efforts at Southwest are centered on the dining, shopping, cultural and water access at The Wharf, a mixed-use development which is expected to be complete in Fall 2017. Most of Southwest is composed of large cooperatives, condominiums, townhouses and apartment buildings.
Many other residential development projects are underway or are being planned such as the Waterfront Station, a collection of seven new buildings with retail, office and residential units within walkable distance of the Capitol Building. The Waterfront Metro Station provides easy access to all of the city.
Residents enjoy concerts at the waterfront pavilion, a $5 jazz-and-blues concert at the Westminster Presbyterian Church every Friday, or Nats games throughout the baseball season. Young children are often seen playing in the fountains
North Arlington’s “urban villages”- Clarendon and Ballston - have always been sought-after destinations for home buyers. Clarendon is Arlington’s hub for dining, shopping and nightlife, and its real estate is primarily mid-sized to large single-family homes and apartment complexes. But, new mixed-use projects are coming up with high-end townhouses, luxury apartments and condominiums. Clarendon boasts many trendy outdoor cafes and clubs that keep the neighborhood buzzing well into the night.
Ballston’s housing consists almost exclusively of high rise apartments and condominiums. Developed around the Ballston Commons Mall, which features Kettler Capitals Iceplex, where the Washington Capitals practice and area residents take to the ice, Ballston also hosts the annual Taste of Arlington Food Festival. Ballston and Clarendon are served by the Orange and Silver Line Metrorail. Both areas are criss-crossed by lush walking and biking trails.