Gaithersburg, MD—20879
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 $441,000, with a year-over-year change of 0.9%. This indicates that home prices in Gaithersburg, MD are flat. According to Zillow, the 1-year price projection is -0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $441,000 | 0.9% |
| Single Family | $473,000 | 0.0% |
| Condos | $242,000 | 0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $202,000 | -0.5% |
2 Bed | $253,000 | -1.2% |
3 Bed | $440,000 | 0.5% |
4 Bed | $588,000 | -0.2% |
| 5 Bed | $745,000 | -0.9% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% 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 38. This is a increase of 61.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $427,000 | -1.0% |
Listing Count | 67 | -7.0% |
| Listings as % of Homes | 0.3% | -7.0% |
Days on Market | 38 | 61.0% |
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.
| Metric | Latest Census | YoY % 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% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $441,000 |
| Median Household Income | $105,000 |