Gaithersburg, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Gaithersburg Neighborhoods Since 2000




Gaithersburg, MD Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Gaithersburg Housing Market Information

With 67,456 people, 23,550 houses or apartments, and a median cost of homes of $344,779, real estate costs in Gaithersburg are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Large apartment complexes or high rise apartments are the single most common housing type in Gaithersburg, accounting for 43.97% of the city's housing units. Other types of housing that are prevalent in Gaithersburg include row houses and other attached homes ( 31.94%), single-family detached homes ( 21.19%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.66%). Cities with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact cities that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

The most prevalent building size and type in Gaithersburg are three and four bedroom dwellings. The city has a mixture of owners and renters, with 54.18% owning and 45.82% renting.

There is a lot of housing in Gaithersburg built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Gaithersburg built between 2000 and later ( 18.18%). A lesser amount of the housing stock also hails from between 1940-1969 ( 12.42%). There's also some housing in Gaithersburg built before 1939 ( 2.37%).

Gaithersburg Home Appreciation Rates

Gaithersburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Gaithersburg during the period has been just -1.46%, which is lower than 80% of US communities.

Over the last year, Gaithersburg appreciation rates have trailed the rest of the nation. In the last twelve months, Gaithersburg's appreciation rate has been 2.66%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Gaithersburg were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Maryland, our data show that Gaithersburg's latest annual appreciation rate is higher than 50% of the other cities and towns in Maryland.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Gaithersburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Gaithersburg - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Gaithersburg real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$344,779

Gaithersburg, MD HOME PRICES

Value Range
> $1,073,000 1.3
$805,001 - $1,073,000 4.4
$536,001 - $805,000 15.8
$429,001 - $536,000 15.4
$322,001 - $429,000 24.7
$215,001 - $322,000 22.6
$107,001 - $215,000 10.8
$54,001 - $107,000 2.5
$0 - $54,000 2.6

High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
12.5922887612797 31.2977099236641

Number Of Homes And Apartments:
23,550

Gaithersburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
84.15% 3.60% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,981 / per month

Homeownership Rate

Homeownership
Owners 54.18
Renters 45.82
Vacant 5.50

Housing Market Details

 

Age of Homes

AGE OF Gaithersburg HOMES
2000 or Newer 18.2
1970 - 1999 67.0
1940 - 1969 12.4
1939 or Older 2.4

Types of Homes

TYPE OF Gaithersburg HOMES
Single-Family 21.2
Townhomes 31.9
Small Apt. Buildings 2.7
Apt. Complexes 44.0
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Gaithersburg HOMES
No Bedroom 1.38
1 Bedroom 15.34
2 Bedrooms 27.57
3 Bedrooms 33.23
4 Bedrooms 17.36
5 or more bedrooms 5.11