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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 47,448 people, 16,142 houses or apartments, and a median cost of homes of $1,093,912, Potomac house prices are not only among the most expensive in Maryland, Potomac real estate also is some of the most expensive in all of America.
Potomac is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Potomac than is found in 98% of the communities in America.
The large homes that make up Potomac are primarily owner-occupied ( 86.26%).
There is a lot of housing in Potomac 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 Potomac built between 1940-1969 ( 31.70%). A lesser amount of the housing stock also hails from between 2000 and later ( 5.05%). There's also some housing in Potomac built before 1939 ( 1.09%).
Appreciation rates for homes in Potomac have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 6.87%, which ranks in the top 50% nationwide. This equates to an annual average Potomac house appreciation rate of 0.67%.
Over the last year, Potomac appreciation rates have trailed the rest of the nation. In the last twelve months, Potomac's appreciation rate has been 4.06%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Potomac were at 0.46%, which equates to an annual appreciation rate of 1.85%.
Notably, Potomac's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Maryland, our data show that Potomac'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 town. Individual neighborhoods within Potomac differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Potomac - 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 Potomac real estate investment or home purchase decisions.
|$832,001 - $1,109,000||30.0|
|$554,001 - $832,000||24.0|
|$443,001 - $554,000||2.2|
|$333,001 - $443,000||1.8|
|$222,001 - $333,000||3.0|
|$111,001 - $222,000||2.0|
|$55,001 - $111,000||0.3|
|$0 - $55,000||1.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q2 - 2017 Q3
Last 12 Months:
2016 Q3 - 2017 Q3
Last 2 Years:
2015 Q3 - 2017 Q3
Last 5 Years:
2012 Q3 - 2017 Q3
Last 10 Years:
2007 Q3 - 2017 Q3
2000 Q1 - 2017 Q3
|* 10 is highest|
|AGE OF Potomac HOMES|
|2000 or Newer||5.0|
|1970 - 1999||62.2|
|1940 - 1969||31.7|
|1939 or Older||1.1|
|TYPE OF Potomac HOMES|
|Small Apt. Buildings||0.5|
|SIZE OF Potomac HOMES|
|5 or more bedrooms||33.53|