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Imagine Living Blocks from Adams Morgan’s 18th Street and Owning a Home for $8,500 – Even in Today’s Dollars!

In 1904, buying a home in Washington, D.C.'s Mintwood Place was a bargain, at $8,500. That same home is now worth more than $1.2 million! Learn more about the long-term appreciation of property values in this blog post.
George, Lenore and Mitt (14) Romney at Detroit news conference after announcing he would see Republican nomination for governor of Michigan (February 10th, 1962)
Aerial view from the Washington Monument showing the "Tempos" or temporary buildings before their demolition. They were located on the site of the future National Museum of History and Technology (NMHT), now the National Museum of American History (NMAH)
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Imagine living blocks from Adams Morgan’s 18th Street, owning a home that cost just $8,500. If you were around in 1904, a home on Mintwood Place could have been yours. Even taking into consideration inflation, you’d still have a deal. $8,500 converted to today’s dollars would be almost $214,000. Zillow lists the last sale price of the home at 1831 Mintwood Place, NW at $880,000 – today Zillow estimates it is worth more than $1.2 million.

Washington Heights Home for Sale
Washington Heights Home for Sale

Check out what the home looks like today on Google Street View. It is a 5 bedroom, 4.5 bathroom house, and Zillow estimates it would cost about #3,700 in rent. Yep, that’s just under half of it’s total cost in 1904.

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Source: Library of Congress

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