The housing market in Gaithersburg, MD (20879) is doing relatively well compared to the national average. According to my context, the median value of a home in Gaithersburg is $381,900 while the national median is $338,100. Furthermore, the 1 year appreciation rate for homes nationally is 8.27%, while in Gaithersburg it is 5.58%. This suggests that the housing market in Gaithersburg has been slower to appreciate than the overall US housing market over the past 12 months. Nevertheless, home values remain strong and represent a solid investment opportunity for potential homeowners.
The median home cost in Gaithersburg (zip 20879) is $381,900. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Gaithersburg (zip 20879) is up 11.3%.
Average Age of Homes
- The median age of Gaithersburg (zip 20879) real estate is 33 years old
The Rental Market in Gaithersburg (zip 20879)
- Renters make up 28.1% of the Gaithersburg (zip 20879) population
- 0.7% of houses and apartments in Gaithersburg (zip 20879), 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.