Adams Morgan has morphed into a fairly affluent community. Home ownership has steadily increased along with personal income and a changing demographic mix leaning towards a younger and better educated resident. The availability of dwellings for purchase has also increased with the condominium conversions offering an attractive alternative for young professionals and older empty nesters to obtain home ownership.
Affordable housing became a challenge as Adams Morgan emerged as a desired destination over the last three decades. Rental properties have been converted at a rapid rate to meet the demands for condominiums leaving rental properties as a scarce resource with higher rental fees. Without affordable housing the community runs the risk of losing its socio-economic diversity and could prove an impediment to the long-term vitality of the community including losing middle class families who need affordable housing that can hold a family of three or more.
Note that this is our DRAFT BASELINE REPORT. Please leave your constructive comments, questions, and ideas for the neighborhood in the comments section below.
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