Report: Obamas choose DC neighborhood to live at after presidency ends

Back in March, President Barack Obama said he and his family will be sticking around the nation's capital after he leaves office in January. It appears they have chosen which neighborhood they plan on living in after his second presidential term is over.

According to the National Journal, the Obamas plan to rent a home in the Kalorama neighborhood of Northwest D.C., just east of Massachusetts Avenue.

The report said the White House is not saying the exact house the family will be living in, but there will have plenty of security in the area since they will be within walking distance of many ambassadorial residences in the neighborhood.

Obama said the first couple will be living in D.C. for another couple of years so that their youngest daughter Sasha can finish high school. The 14-year-old is a freshman at Sidwell Friends School, a prestigious D.C. school attended by many of Washington's elite.

The president's oldest daughter, Malia, 17, is planning to take a "gap year" after graduating from Sidwell Friends. After taking the year off from schooling, she will attend college at Harvard University.

The Kalorama neighborhood is expensive, yet eclectic and filled with plenty of character. For starters, between Kalorama's colonial homes are discreet walkways and most lead to private parking.

The Northwest D.C. community also highlights one-of-a kind sculptures, exquisite architecture reminiscent of New Orleans' French Quarter and a neighborhood seemingly so safe that we even witnessed a dry cleaning service leave a package in plain site on the front porch of a home.

This is where President Obama and the first family could call home as manicured lawns and stately rose tree-lined streets are rich with distinction or just wealth.

Homes for sale here reportedly range from nearly $3 million to more than $7 million. Since the Obamas apparently plan to rent, they could be paying as much as $15,000 a month or more.

Obama would become the first president since Woodrow Wilson in 1921 to live in Washington after leaving office.