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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Gaithersburg, MD Real Estate Market

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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Gaithersburg, MD Housing Market Trends

With 68,952 people, 25,945 houses or apartments, and a median cost of homes of $531,067, 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 47.58% of the city's housing units. Other types of housing that are prevalent in Gaithersburg include row houses and other attached homes ( 29.96%), single-family detached homes ( 19.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.94%). 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.

People in Gaithersburg primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Gaithersburg has a mixture of owner-occupied and renter-occupied housing.

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 ( 29.76%). A lesser amount of the housing stock also hails from between 1940-1969 ( 10.32%). There's also some housing in Gaithersburg built before 1939 ( 1.64%).

Gaithersburg Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Gaithersburg, where house values have increased just 47.06%, which is annualized rate of 3.93%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

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 3.34%, 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 4.78%, which equates to an annual appreciation rate of 20.52%.

Importantly, this makes Gaithersburg one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Maryland, our data show that Gaithersburg's latest annual appreciation rate is lower than 70% 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

$531,067

Gaithersburg, MD Home Prices
> $1,277,000
$958,001 - $1,277,000
$638,001 - $958,000
$511,001 - $638,000
$383,001 - $511,000
$255,001 - $383,000
$128,001 - $255,000
$64,001 - $128,000
$0 - $64,000
2.5%
2.5%
4.8%
4.8%
20.1%
20.1%
21.3%
21.3%
22.9%
22.9%
15.2%
15.2%
10.5%
10.5%
1.3%
1.3%
1.4%
1.4%
0% 100.0%
% of Homes
High

for Maryland

Very High

for nation

Number of Homes And Apartments:

25,945

Gaithersburg Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,669 / per month

Homeownership Rate

Owners
Renters
Vacant
49.6%
49.6%
50.4%
50.4%
5.8%
5.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
29.8%
29.8%
58.3%
58.3%
10.3%
10.3%
1.6%
1.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
19.5%
19.5%
30.0%
30.0%
2.9%
2.9%
47.6%
47.6%
0.1%
0.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.2%
4.2%
16.3%
16.3%
28.3%
28.3%
32.6%
32.6%
13.4%
13.4%
5.3%
5.3%
0% 100.0%
% of Homes