Gaithersburg, Maryland Real Estate Market Analysis

dynamic.RE

Gaithersburg, Maryland

9 ZIPs in this city:20877 20878 20879 20882 20883 20884 20885 20898 20899

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-20.4%

Faster

Price vs US

151%

Above avg

Median Listing Price

$674K

Population

143,733

Households

50,157

Median Days on Market

Active Listings

247

New Listings

120

Housing Market

Pricing

Median Listing Price

$674K+3.5% YoY

Average Listing Price

$748K+1.4% YoY

Price per Sq Ft

$281.632-2.3% YoY

Median Sq Ft

2,317+7.3% YoY

Inventory

Active Listings

247+7.4% YoY

New Listings

120-10.4% YoY

Total Listings

372+5.1% YoY

Buyer Competition

Pending Listings

127+6.7% YoY

Pending Ratio

0.52+0.2% YoY

Median Days on Market

35+5.8% YoY

Price Reduced

19.0%+11.2% YoY

Units & Occupancy

2024 Occupancy

407Kunits

Occupied389,21095.7%
Vacant17,3214.3%

2024 Tenure

389Koccupied

Owner254,13965.3%
Renter135,07134.7%

Renter Share

34.7%+0.1% YoY

Total Housing Units

406,531+0.3% YoY

FY2026 Fair Market Rent — Montgomery County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$1,953

/month

1 BR

$2,015

/month

2 BR

$2,246

/month

3 BR

$2,835

/month

4 BR

$3,332

/month

FMR Trends — Montgomery County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

143,733-0.3% YoY

2024 Age Mix

144Kresidents

Under 1832,82822.8%
Adults 18–6488,16461.3%
65 & Over22,74115.8%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

39.79-0.1% YoY

Population Under 18

32,828+0.9% YoY

Population 65 & Over

22,741+4.2% YoY

Households & Mobility

Total Households

50,157-1.2% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.86+0.9% YoY

2024 Residential Mobility

of residents

Same house88.3%
Moved (within US)10.7%
Other1.0%

Veterans

3.5%-1.0% YoY

Income & Poverty

Median Household Income

$129K+3.4% YoY

Per-Capita Income

$58K+0.3% YoY

Mean Household Income

$163K+0.9% YoY

Below Poverty Level

7.3%+7.3% YoY

Commuting

2024 Commute Mode

of workers

Drove alone54.8%
Public transit5.7%
Worked from home25.7%
Other13.8%

Worked From Home

25.7%+11.3% YoY

Mean Commute

30.71-1.5% YoY

Units & Tenure

Total Housing Units

52,048-1.1% YoY

2024 Occupancy

52Kunits

Occupied50,15796.4%
Vacant1,8913.6%

2024 Tenure

50Khouseholds

Owner32,73265.3%
Renter17,42534.7%

Avg Household Size — Owner

2.910.0% YoY

Avg Household Size — Renter

2.77+3.2% YoY

County Demographics

Median Age

40.22024

Population

Montgomery County Population

1,082,273+1.2% YoY

Households

Total Households

389,210+0.3% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.72+0.7% YoY

Age

2024 Age Mix

1.1Mresidents

Under 18243,13922.8%
Adults 18–64641,67160.2%
65 & Over181,13917.0%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

243,139+0.2% YoY

Population 65 & Over

181,139+3.5% YoY

Median Age

40.20+0.2% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house88.1%
Moved (within US)10.4%
Other1.5%

Veterans

4.2%+2.4% YoY

County Economy

Income

Median Household Income

$132K+2.9% YoY

Per-Capita Income

$68K+2.2% YoY

Mean Household Income

$181K+2.4% YoY

Poverty

Below Poverty Level

7.5%+5.6% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone52.8%
Public transit7.5%
Worked from home28.3%
Other11.4%

Worked From Home

28.3%+11.0% YoY

Mean Commute

31.90-1.5% YoY

Gaithersburg, Maryland

9 ZIPs in this city:20877 20878 20879 20882 20883 20884 20885 20898 20899

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-20.4%

Faster

Price vs US

151%

Above avg

Median Listing Price

$674K

Population

143,733

Households

50,157

Median Days on Market

Active Listings

247

New Listings

120

Housing Market

Pricing

Median Listing Price

$674K+3.5% YoY

Average Listing Price

$748K+1.4% YoY

Price per Sq Ft

$281.632-2.3% YoY

Median Sq Ft

2,317+7.3% YoY

Inventory

Active Listings

247+7.4% YoY

New Listings

120-10.4% YoY

Total Listings

372+5.1% YoY

Buyer Competition

Pending Listings

127+6.7% YoY

Pending Ratio

0.52+0.2% YoY

Median Days on Market

35+5.8% YoY

Price Reduced

19.0%+11.2% YoY

Units & Occupancy

2024 Occupancy

407Kunits

Occupied389,21095.7%
Vacant17,3214.3%

2024 Tenure

389Koccupied

Owner254,13965.3%
Renter135,07134.7%

Renter Share

34.7%+0.1% YoY

Total Housing Units

406,531+0.3% YoY

FY2026 Fair Market Rent — Montgomery County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$1,953

/month

1 BR

$2,015

/month

2 BR

$2,246

/month

3 BR

$2,835

/month

4 BR

$3,332

/month

FMR Trends — Montgomery County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

143,733-0.3% YoY

2024 Age Mix

144Kresidents

Under 1832,82822.8%
Adults 18–6488,16461.3%
65 & Over22,74115.8%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

39.79-0.1% YoY

Population Under 18

32,828+0.9% YoY

Population 65 & Over

22,741+4.2% YoY

Households & Mobility

Total Households

50,157-1.2% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.86+0.9% YoY

2024 Residential Mobility

of residents

Same house88.3%
Moved (within US)10.7%
Other1.0%

Veterans

3.5%-1.0% YoY

Income & Poverty

Median Household Income

$129K+3.4% YoY

Per-Capita Income

$58K+0.3% YoY

Mean Household Income

$163K+0.9% YoY

Below Poverty Level

7.3%+7.3% YoY

Commuting

2024 Commute Mode

of workers

Drove alone54.8%
Public transit5.7%
Worked from home25.7%
Other13.8%

Worked From Home

25.7%+11.3% YoY

Mean Commute

30.71-1.5% YoY

Units & Tenure

Total Housing Units

52,048-1.1% YoY

2024 Occupancy

52Kunits

Occupied50,15796.4%
Vacant1,8913.6%

2024 Tenure

50Khouseholds

Owner32,73265.3%
Renter17,42534.7%

Avg Household Size — Owner

2.910.0% YoY

Avg Household Size — Renter

2.77+3.2% YoY

County Demographics

Median Age

40.22024

Population

Montgomery County Population

1,082,273+1.2% YoY

Households

Total Households

389,210+0.3% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.72+0.7% YoY

Age

2024 Age Mix

1.1Mresidents

Under 18243,13922.8%
Adults 18–64641,67160.2%
65 & Over181,13917.0%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

243,139+0.2% YoY

Population 65 & Over

181,139+3.5% YoY

Median Age

40.20+0.2% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house88.1%
Moved (within US)10.4%
Other1.5%

Veterans

4.2%+2.4% YoY

County Economy

Income

Median Household Income

$132K+2.9% YoY

Per-Capita Income

$68K+2.2% YoY

Mean Household Income

$181K+2.4% YoY

Poverty

Below Poverty Level

7.5%+5.6% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone52.8%
Public transit7.5%
Worked from home28.3%
Other11.4%

Worked From Home

28.3%+11.0% YoY

Mean Commute

31.90-1.5% YoY