Cost of Buying a House in the District, 25 Years Ago Today

Look at this old classified advertisement from The Washington Post from exactly 25 years ago. This was printed on Friday, October 21st, 1988 and if you were the one who purchased one of these homes, you probably are sitting pretty right now. Although, interest rates were somewhere between eight and nine percent.

1988 real estate advertisement
1988 real estate advertisement

About Tom

Tom founded Ghosts of DC on January 4th, 2012 as a blog to uncover the lost and untold history of Washington, D.C. He has lived in the city for over a decade and loves exploring every corner of the District.

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  • tom

    i am curious what median incomes were 25 years ago

  • Jim

    I am not sure what median was but I was making about 1/4 (30,000) of what I made 17 years later and I was a better than median at the time.