According to statistics, the population in Gaithersburg, MD amounts to 67,417, which shows growth 2% compared to the previous year. The median age of the city’s residents is 36. The average household income is $85,773, shifting growth 2% from the past year, and the average property value in Gaithersburg, MD growth 3% to $380,300 throughout the year.
|Number Of Employees||36,395|
|Median Property Value||$380,300|
The average household income in Gaithersburg, MD grew from $83,724 to $85,773 in the past year. This data is an estimate based upon 24,377 households in Gaithersburg, MD . The chart below presents how household income is distributed in Gaithersburg, MD in comparison to the revenue allocation amid households nationally.
According to data from last year, the average property value in Gaithersburg, MD shifted from $369,900 to $380,300 throughout the year. The subsequent graph indicates the share of properties in the given price range in Gaithersburg, MD in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Gaithersburg, MD properties falls in the '$300,000 to $399,999' range, which is higher than the most significant median property across the country.
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Gaithersburg, MD compared to median property taxes around the country. The prevalent amount of property taxes in Gaithersburg, MD equals $3000, which is less than the national average.
|Apartment Size||Sep||vs Last Month|
|1 bed apartments||$167,000||-7.5%|
|2 bed apartments||$386,950||+41.3%|
|3 bed apartments||$530,858||+10.7%|
|4+ bed apartments||$621,798||-6%|
During Sep 2021, the average price for an apartment in/near Gaithersburg, MD increased by 13.4% to $560,752.
After collecting all data points, we now see that the average price for 1-bed apartment stands at $167,000 with no changes this month. Asking price for 2-bed apartment remains the same, a place of this size will still cost you $386,950. Reports state that an average 3-bed apartment price did not change, so you can still get yourself one for $530,858. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $621,798 for a big-family home.
|Listing Type||Sep||vs Last Month|
|Townhouses for sale||$498,278||-3.3%|
|Condos for sale||$430,147||+32.1%|
|Houses for sale||$660,135||+6.4%|
According to statistics, average house is still $660,135 with no significant changes this month. Condo prices remain stable. Condo for sale is now available for the same pricing as previously — $430,147. Value of the townhouses didn’t change, the price still starts at $498,278.
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