Modern buildings have replaced many former industrial buildings and parking lots in Capitol Riverfront, according to ULI. Today, 3,400 residential units and 500,000 square feet of office are under construction in this business district, which is expected to quadruple its residential population by the time everything builds out.
In 2017, Bisnow called Capitol Riverfront (also known as the Navy Yard) DC's fastest growing neighborhood.
Population growth (2010-2015): 37%
Median household income: $112,143
Median home value in Washington, DC: $568,000
Average rent for a two-bedroom apartment in DC: $2,337