Gaithersburg, Maryland Housing Market Prices
Gaithersburg Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 47% above the Maryland median$393,858
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Median rent 21% above the Maryland median$2,069
Housing Market Overview
| Metric | Gaithersburg | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $393,858 | $267,101 | $248,835 |
| Price Trend (Annual %) | 2.5% | 3.4% | 7.5% |
| Median Gross Rent | $2,069 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Gaithersburg is about 47% higher than in Maryland. Rent is about 21% higher than the Maryland average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Gaithersburg, up about 2.5% and 3.4% a year respectively. Rent is changing faster.
Median rent in Gaithersburg rose about 33.4% between 2015 and 2024, from $1,551 to $2,069. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Gaithersburg.
Buying the median-priced home in Gaithersburg costs roughly 15.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Gaithersburg. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Gaithersburg | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $393,858 | $267,101 | $248,835 |
| Median Household Income | $106,919 | $103,916 | $80,455 |
| Price-to-Income Ratio | 3.7 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Gaithersburg rose about 33.3%, while median household income rose about 32.0% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Gaithersburg | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 44.5% | 62.4% | 58.5% |
| Rental Rate | 50.2% | 29.9% | 31.2% |
| Vacancy Rate | 5.2% | 7.7% | 10.2% |
| Median Tenure (years) | 11.0 | 15.0 | 15.0 |
| Median Year Moved In | 2015 | 2011 | 2011 |
Gaithersburg has a homeownership rate of 44.5%, lower than the Maryland average of 62.4%. Its housing vacancy rate is 5.2%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Gaithersburg | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.67 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1990 | 1977 | 1978 |
| Median Number of Rooms | 5.0 | 6.2 | 5.5 |
The typical housing unit in Gaithersburg was built around 1990. On average, 2.7 people live in a home with about 5.0 rooms, staying for about 11.0 years on average.
Gaithersburg, MD Housing Compared With Nearby Cities
How Gaithersburg, MD compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Gaithersburg, MD | 71,117 | $393,858 #1/2 | $2,069 #1/2 | 47.0% #2/2 |
| Germantown, MD | 82,710 | $361,622 | $2,015 | 66.0% |
Frequently Asked Questions
Common questions about the housing market in Gaithersburg, Maryland.
What is the median home price in Gaithersburg, Maryland?
The median home price in Gaithersburg, Maryland is $393,858, higher than the Maryland average of $267,101.
What is the average home price in Gaithersburg, Maryland?
The typical home price in Gaithersburg, Maryland, reported as the median sale price, is $393,858. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Gaithersburg, Maryland?
The median gross rent in Gaithersburg, Maryland is $2,069 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Gaithersburg in 2020?
In 2020, the median gross rent in Gaithersburg, Maryland was $1,756 per month.
What is the price-to-rent ratio in Gaithersburg, Maryland?
The price-to-rent ratio in Gaithersburg, Maryland is about 15.9, meaning it would take roughly 15.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Gaithersburg.
Are home prices or rent rising faster in Gaithersburg, Maryland?
Both home prices and rent are rising in Gaithersburg, up about 2.5% and 3.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Gaithersburg, Maryland?
44.5% of households in Gaithersburg, Maryland own their home, lower than the Maryland average of 62.4%.
What is the vacancy rate in Gaithersburg, Maryland?
The housing vacancy rate in Gaithersburg, Maryland is 5.2%, lower than the Maryland average of 7.7%.
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