The housing median value in 20899 Gaithersburg, MD is $602,500, significantly higher than the US house median value of $338,100. Although the housing appreciation in this area has been slower than the US average over the past year with a 5.58% increase compared to 8.27%, it still remains a desirable option for potential buyers looking for a high-value home. Housing prices continue to be strong in this area due to its proximity to major cities like Washington DC and Baltimore, as well as the variety of amenities offered within or near the city limits.
The median home cost in Gaithersburg (zip 20899) is $602,500. Home appreciation the last 10 years has been 46.2%. Home Appreciation in Gaithersburg (zip 20899) is up 11.3%.
Average Age of Homes
- The median age of Gaithersburg (zip 20899) real estate is 40 years old
The Rental Market in Gaithersburg (zip 20899)
- Renters make up 100.0% of the Gaithersburg (zip 20899) population
- 0.0% of houses and apartments in Gaithersburg (zip 20899), 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.