Germantown, Maryland Housing Market Prices
Germantown 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.
-
Median home price 35% above the Maryland median$361,622
-
Median rent 18% above the Maryland median$2,015
Housing Market Overview
| Metric | Germantown | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $361,622 | $267,101 | $248,835 |
| Price Trend (Annual %) | 8.4% | 3.4% | 7.5% |
| Median Gross Rent | $2,015 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 2.8% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Germantown is about 35% higher than in Maryland. Rent is about 18% 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 Germantown, up about 8.4% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Germantown rose about 24.8% between 2015 and 2024, from $1,615 to $2,015. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 3.2 yearly household incomes in Germantown.
Buying the median-priced home in Germantown costs roughly 15.0 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Germantown. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Germantown | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $361,622 | $267,101 | $248,835 |
| Median Household Income | $113,177 | $103,916 | $80,455 |
| Price-to-Income Ratio | 3.2 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Germantown rose about 45.2%, while median household income rose about 33.8% 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 | Germantown | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.6% | 62.4% | 58.5% |
| Rental Rate | 33.3% | 29.9% | 31.2% |
| Vacancy Rate | 2.0% | 7.7% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Germantown has a homeownership rate of 64.6%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 2.0%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Germantown | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.82 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1991 | 1977 | 1978 |
| Median Number of Rooms | 5.7 | 6.2 | 5.5 |
The typical housing unit in Germantown was built around 1991. On average, 2.8 people live in a home with about 5.7 rooms, staying for about 13.0 years on average.
Germantown, MD Housing Compared With Nearby Cities
How Germantown, MD compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Germantown, MD | 82,710 | $361,622 #2/2 | $2,015 #2/2 | 66.0% #1/2 |
| Gaithersburg, MD | 71,117 | $393,858 | $2,069 | 47.0% |
Frequently Asked Questions
Common questions about the housing market in Germantown, Maryland.
What is the median home price in Germantown, Maryland?
The median home price in Germantown, Maryland is $361,622, higher than the Maryland average of $267,101.
What is the average home price in Germantown, Maryland?
The typical home price in Germantown, Maryland, reported as the median sale price, is $361,622. 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 Germantown, Maryland?
The median gross rent in Germantown, Maryland is $2,015 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Germantown in 2020?
In 2020, the median gross rent in Germantown, Maryland was $1,748 per month.
What is the price-to-rent ratio in Germantown, Maryland?
The price-to-rent ratio in Germantown, Maryland is about 15.0, meaning it would take roughly 15.0 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Germantown.
Are home prices or rent rising faster in Germantown, Maryland?
Both home prices and rent are rising in Germantown, up about 8.4% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Germantown, Maryland?
64.6% of households in Germantown, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Germantown, Maryland?
The housing vacancy rate in Germantown, Maryland is 2.0%, lower than the Maryland average of 7.7%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →