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Gaithersburg, MD—20879

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$447,000
1.2% YoY Growth
Household Income
$105,000
15.0% YoY Growth
Days on Market
29
44.0% Longer YoY
Home Price Forecast
-1.4%
Median Rent
$2,000
11.7% YoY Growth
1-Bed Rent
$1,600
1.8% YoY Growth
2-Bed Rent
$2,000
4.0% YoY Growth
3-Bed Rent
$2,470
1.6% YoY Growth

Other Zip Codes in Gaithersburg, MD

208822087720878
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Gaithersburg, MD

As of May '26, the median home price in Gaithersburg, MD is $447,000, with a year-over-year change of -1.2%. This indicates that home prices in Gaithersburg, MD are decreasing. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$447,000-1.2%
Single Family $481,000-1.4%
Condos $238,000-2.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $198,000
    -5.3%
    2 Bed
    		$249,000-3.5%
    3 Bed
    		$445,000-1.5%
    4 Bed
    		$601,000-1.3%
    5 Bed $766,465-1.6%
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    % of Housing Stock

    Studio
    3.5%
    1 Bedroom
    13.1%
    2 Bedrooms
    14.7%
    3 Bedrooms
    34.9%
    4 Bedrooms
    23.0%
    5+ Bedrooms
    10.8%

    Rental Trends — Gaithersburg, MD

    As of July '25, Rentcast reports the average rent in Gaithersburg, MD is $2,200, with a year-over-year rent change of 11.7%. Per bedroom, the median rent as of July '25 in Gaithersburg, MD is studios: $1,740, 1-bedrooms: $1,700, 2-bedrooms: $2,080, 3-bedrooms: $2,490, 4-bedrooms: $3,410. The most common rental property sizes in Gaithersburg, MD are 1-bedroom and 3-bedroom, accounting for 32.2% and 26.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,000$2,200
    Studio Rent $1,660$1,740
    1 Bed Rent $1,600$1,700
    2 Bed Rent $2,000$2,080
    3 Bed Rent $2,470$2,490
    4 Bed Rent $3,350$3,410
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    % of Rental Stock

    Studio
    11.4%
    1 Bedroom
    32.2%
    2 Bedrooms
    19.5%
    3 Bedrooms
    26.9%
    4 Bedrooms
    6.8%
    5+ Bedrooms
    3.3%

    Property Listings — Gaithersburg, MD

    As of May '26, Realtor.com reports that the median days on market for a home in Gaithersburg, MD is 29. This is a increase of 44.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$415,000-25.0%
    Listing Count
    		632.0%
    Listings as % of Homes0.3%2.0%
    Days on Market
    		2944.0%
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    Demographics — Gaithersburg, MD

    As of the latest ACS Survey released in 2023, Gaithersburg, MD has a population of 26,100, which has decreased by -6.3% over the past 5 years. Gaithersburg, MD is a moderately popular place for families, as children make up 22.7% of the population. The area has a moderately educated workforce, with 41.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		26,100-6.3%
    % Under 18
    		22.7%-14.3%
    % Seniors
    		13.7%47.3%
    % WFH
    		13.2%123.7%
    % w/ College Degree
    		41.6%-7.1%
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    As of the latest ACS Survey released in 2023, Gaithersburg, MD is a predominantly hispanic area, with 32.3% of the population identifying as hispanic. The hispanic population has grown by 12.5% in the last 5 years. The second most common race or ethnicity in Gaithersburg, MD is white, making up 25.5% of the population. Foreign-born residents account for 34.8% of the population in Gaithersburg, MD, and this percentage has decreased by 6.5% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		25.5%-7.9%
    % Black
    		21.2%-13.5%
    % Hispanic
    		32.3%12.5%
    % Asian
    		13.6%-9.3%
    % Foreign Born
    		34.8%-6.5%
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    Mortgage and Risk — Gaithersburg, MD

    According to HUD data as of 2023, there were 170 mortgage originations in Gaithersburg, MD, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Gaithersburg, MD. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		170
    % Conventional Loans
    		76.0%
    % Government Loans
    		24.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		14.0%
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    Rentals and Section 8 — Gaithersburg, MD

    As of 2024, the percent of homes in Gaithersburg, MD under the Section 8 program is 10.5%. 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
    		293
    Total Units Section 8
    		278
    % Rentals under Section 8
    		10.5%
    % Occupied Section 8
    		96.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$420$1,600$2,020
    2 Bedroom$270$2,000$2,270
    3 Bedroom$370$2,470$2,840
    4 Bedroom$0$3,350$3,350

    Affordability — Gaithersburg, MD

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4
    Median Home Price$447,000
    Median Household Income$105,000

    Gaithersburg, MD — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    20880

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    Frequently Asked Questions