Located in 20882 Gaithersburg, MD, the median value of housing is $718,700. This is significantly higher than the US House Median Value of $338,100. Despite being much higher than the national average, the 1 year house appreciation in 20882 Gaithersburg, MD is still impressive at 5.58%, only slightly lower than the US 1 year House Appreciation rate of 8.27%. Thus, this area has seen a steady increase in housing values and is a great place to invest for those looking for a long-term return on their real estate investment.
The median home cost in Gaithersburg (zip 20882) is $718,700. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Gaithersburg (zip 20882) is up 11.3%.
Average Age of Homes
- The median age of Gaithersburg (zip 20882) real estate is 33 years old
The Rental Market in Gaithersburg (zip 20882)
- Renters make up 4.1% of the Gaithersburg (zip 20882) population
- 0.0% of houses and apartments in Gaithersburg (zip 20882), 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.