Potomac, Maryland Housing Market Prices
Potomac 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 478% above the Maryland median$1,543,562
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Median rent 57% above the Maryland median$2,677
Housing Market Overview
| Metric | Potomac | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,543,562 | $267,101 | $248,835 |
| Price Trend (Annual %) | 10.8% | 3.4% | 7.5% |
| Median Gross Rent | $2,677 | $1,704 | $1,407 |
| Rent Trend (Annual %) | 5.1% | 3.8% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Potomac is about 478% higher than in Maryland. Rent is about 57% 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 Potomac, up about 10.8% and 5.1% a year respectively. Home prices are changing faster.
Median rent in Potomac rose about 36.1% between 2015 and 2024, from $1,966 to $2,677. Over the same span, rent in Maryland rose about 38.7%.
Affordability
On average, housing unit costs 7.5 yearly household incomes in Potomac.
Buying the median-priced home in Potomac costs roughly 48.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Potomac. The price-to-rent ratio in Maryland is about 13.1.
| Metric | Potomac | Maryland Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,543,562 | $267,101 | $248,835 |
| Median Household Income | $206,987 | $103,916 | $80,455 |
| Price-to-Income Ratio | 7.5 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Potomac rose about 95.6%, while median household income rose about 86.5% 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 | Potomac | Maryland Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 82.8% | 62.4% | 58.5% |
| Rental Rate | 13.9% | 29.9% | 31.2% |
| Vacancy Rate | 3.2% | 7.7% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Potomac has a homeownership rate of 82.8%, higher than the Maryland average of 62.4%. Its housing vacancy rate is 3.2%, compared with 7.7% in Maryland.
Housing Stock
| Metric | Potomac | Maryland Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.81 people | 2.57 people | 2.53 people |
| Median Structure Built Year | 1977 | 1977 | 1978 |
| Median Number of Rooms | 8.7 | 6.2 | 5.5 |
The typical housing unit in Potomac was built around 1977. On average, 2.8 people live in a home with about 8.7 rooms, staying for about 17.0 years on average.
Potomac, MD Housing Compared With Nearby Cities
How Potomac, MD compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Potomac, MD | 43,455 | $1,543,562 #1/3 | $2,677 #2/3 | 85.6% #1/3 |
| McLean, VA | 50,555 | $1,042,273 | $2,882 | 81.8% |
| North Bethesda, MD | 50,620 | $536,379 | $2,208 | 49.1% |
Frequently Asked Questions
Common questions about the housing market in Potomac, Maryland.
What is the median home price in Potomac, Maryland?
The median home price in Potomac, Maryland is $1,543,562, higher than the Maryland average of $267,101.
What is the average home price in Potomac, Maryland?
The typical home price in Potomac, Maryland, reported as the median sale price, is $1,543,562. 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 Potomac, Maryland?
The median gross rent in Potomac, Maryland is $2,677 per month, higher than the Maryland average of $1,704.
What was the median gross rent in Potomac in 2020?
In 2020, the median gross rent in Potomac, Maryland was $1,909 per month.
What is the price-to-rent ratio in Potomac, Maryland?
The price-to-rent ratio in Potomac, Maryland is about 48.1, meaning it would take roughly 48.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Potomac.
Are home prices or rent rising faster in Potomac, Maryland?
Both home prices and rent are rising in Potomac, up about 10.8% and 5.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Potomac, Maryland?
82.8% of households in Potomac, Maryland own their home, higher than the Maryland average of 62.4%.
What is the vacancy rate in Potomac, Maryland?
The housing vacancy rate in Potomac, Maryland is 3.2%, lower than the Maryland average of 7.7%.
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