Gaithersburg, MD—20878
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Gaithersburg, MD
As of Oct '25, the median home price in Gaithersburg, MD is $689,000, with a year-over-year change of 0.3%. This indicates that home prices in Gaithersburg, MD are flat. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $689,000 | 0.3% |
| Single Family | $760,000 | -0.3% |
| Condos | $384,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $297,000 | 0.0% |
2 Bed | $397,000 | -0.7% |
3 Bed | $563,000 | -0.9% |
4 Bed | $857,000 | -0.9% |
| 5 Bed | $1,029,000 | -0.8% |
% of Housing Stock
Rental Trends — Gaithersburg, MD
As of July '25, Rentcast reports the average rent in Gaithersburg, MD is $3,030, with a year-over-year rent change of 25.7%. Per bedroom, the median rent as of July '25 in Gaithersburg, MD is studios: $1,910, 1-bedrooms: $1,820, 2-bedrooms: $2,300, 3-bedrooms: $3,080, 4-bedrooms: $3,730. The most common rental property sizes in Gaithersburg, MD are 2-bedroom and 1-bedroom, accounting for 41.4% and 24.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $3,030 |
| Studio Rent | $1,880 | $1,910 |
| 1 Bed Rent | $1,900 | $1,820 |
| 2 Bed Rent | $2,300 | $2,300 |
| 3 Bed Rent | $2,950 | $3,080 |
| 4 Bed Rent | $3,750 | $3,730 |
% of Rental Stock
Property Listings — Gaithersburg, MD
As of Oct '25, Realtor.com reports that the median days on market for a home in Gaithersburg, MD is 36. This is a increase of 36.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $675,000 | -1.0% |
Listing Count | 179 | 45.0% |
| Listings as % of Homes | 0.3% | 45.0% |
Days on Market | 36 | 36.0% |
Demographics — Gaithersburg, MD
As of the latest ACS Survey released in 2023, Gaithersburg, MD has a population of 65,200, which has increased by 1.7% over the past 5 years. Gaithersburg, MD is a moderately popular place for families, as children make up 21.8% of the population. The area has a highly educated workforce, with 70.1% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 30.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 65,200 | 1.7% |
% Under 18 | 21.8% | -11.0% |
% Seniors | 15.0% | 23.0% |
% WFH | 30.4% | 334.3% |
% w/ College Degree | 70.1% | -0.8% |
As of the latest ACS Survey released in 2023, Gaithersburg, MD is a predominantly white area, with 44.7% of the population identifying as white. The white population has shrunk by 6.3% in the last 5 years. The second most common race or ethnicity in Gaithersburg, MD is asian, making up 26.5% of the population. Foreign-born residents account for 36.4% of the population in Gaithersburg, MD, and this percentage has increased by 6.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 44.7% | -6.3% |
% Black | 10.5% | 4.0% |
% Hispanic | 13.7% | 8.7% |
% Asian | 26.5% | 3.1% |
% Foreign Born | 36.4% | 6.4% |
Mortgage and Risk — Gaithersburg, MD
According to HUD data as of 2023, there were 451 mortgage originations in Gaithersburg, MD, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Gaithersburg, MD. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 451 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Gaithersburg, MD
As of 2024, the percent of homes in Gaithersburg, MD under the Section 8 program is 5.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Gaithersburg, MD, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 356 |
Total Units Section 8 | 346 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 96.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $210 | $1,900 | $2,110 |
| 2 Bedroom | $80 | $2,300 | $2,380 |
| 3 Bedroom | $30 | $2,950 | $2,980 |
| 4 Bedroom | -$240 | $3,750 | $3,510 |
Affordability — Gaithersburg, MD
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $689,000 |
| Median Household Income | $142,000 |