The twin neighborhoods of Shepherd Park and Colonial Village at the northern “tip” of DC have different origins — the first was fueled by the construction of Walter Reed Army Medical Center in the 1910s and 1920s, the other part of DC’s more upscale suburban expansion in the late 1920s and ’30s and then again during the post-war era — but they share neighborhood organizations, interests and annual events as well a rich history during part of the 20th century. (The “Homes of Shepherd Park” were featured in a brief little WETA video you can see below the gallery.)
In 2015, a total of 53 houses sold in Shepherd Park and Colonial Village, at prices between $505,000 and $1,550,000 (average $811,468, median $790,000). The average for Colonial Village ($894,559 with 22 closed sales) tends to be higher than that for Shepherd Park ($752,500/ 31 closed sales). This constitutes an overall price increase of almost 4% over 2014 (average $780,783, median $723,000). The number of rentals has gone down further: 6 single family homes were rented, at higher prices than in 2014, ranging from $3,400 and $4,250 (averaging $3,758). On average, it took about a month to find tenants for a Shepherd Park or Colonial Village house.
For Comparison: In 2011, a total of 38 houses sold in Shepherd Park and Colonial Village, at prices between $250,000 and $1,230,000 (average $617,247). The average for Colonial Village: $706,915/ 13 closed sales, and that for Shepherd Park: $570,620/ 25 closed sales. 10 single family homes were rented, at prices between $2,300 and $6,000 (averaging $3,333).