Gaithersburg, MD has an impressive median housing value of $471,400, which is almost 40% higher than the US House median value of $338,100. While the US 1 year house appreciation rate is 8.27%, Gaithersburg's appreciation rate for the same time period was 5.58%. This shows that even though Gaithersburg's housing market did not appreciate as much as the national average, it still provided a healthy return for homeowners and investors in the area.
The median home cost in Gaithersburg is $471,400. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Gaithersburg is up 11.3%.
Average Age of Homes
- The median age of Gaithersburg real estate is 30 years old
The Rental Market in Gaithersburg
- Renters make up 42.1% of the Gaithersburg population
- 2.4% of houses and apartments in Gaithersburg, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.