Median rent for residential in as of May, 2022.
Remember to negotiate your rent according to median rental prices. Also, take into account that the price depends on the size/amenities of the apartment.
44 Germantown, MD, USA apartments for rent
Germantown
Germantown, MD has a population of 91,447, while the median age is 35. The household income in Germantown, MD is around $89,720. The homeownership rate among the residents is 65%. The median residential property value in Germantown, MD that you should keep in mind is $326,600.
| Population | 91,447 |
| Median Age | 34.9 |
| Poverty Rate | 7% |
| Household Income | $89,720 |
| Number Of Employees | 50,628 |
| Median Property Value | $326,600 |
Business & Economy
Wage by Common Jobs
Average salary in Germantown, MD: $57,298
- 1. Miscellaneous managers$109,080
- 2. Accountants & auditors$87,060
- 3. Registered nurses$73,429
- 4. Elementary & middle school teachers$60,163
- 5. Firstline supervisors of retail sales workers$53,231
Highest Paid Occupations
Numbers claim that the highest paid jobs in Germantown, MD are Management Occupations, Architecture & Engineering Occupations, Computer, Engineering, Science Occupations, Computer & Mathematical Occupations and Management, Business, Financial Occupations.
Highest Paid Industries
Keeping in mind that the employment rate changed by 2% recently, there must be a strong understanding of industries people of Germantown, MD work in. The highest paid industries are Public Administration, Professional, Scientific, Technical Services, Utilities, Professional, Scientific, Management, Administrative & Waste Management Services and Manufacturing.
Demographics
Race & Ethnicity
According to latest census, Germantown, MD is a home for 46% white residents. The second common group is black with 25% residents. The list of the most common racial or ethnic groups is closed by asian with 19% residents.
Non-English Speakers
Education
Past year Germantown, MD universities awarded around 653,200 degrees. Statistics show that the population of students in Germantown, MD includes 326,600 female students and 326,600 male students. Germantown, MD offers private and public tuition with a median cost of $n/a for private four-year colleges and $n/a for in-state public four-year colleges. The share of the public colleges in Germantown, MD is n/a and n/a go to the private colleges.
Health and Safety
Primary care physicians in Germantown, MD see an average of 732 patients, dentists 830 patients, metal health providers 357 patients, and other healthcare providers 1,347 patients per year.
Transportation
Commute Time
Average travel time: 34.89 minutes
Commuter Transportation
Citizens of Germantown, MD travel to their offices around 35 minutes lately and drove alone to get there. The rest of the residents carpooled and used public transit.
Housing Trends
How much is an apartment in Germantown, MD, USA
Average rent in Germantown: $2,263 (+6.8%)
| Rent Price | May | vs Last Month |
|---|---|---|
| 1 bed rentals | $1,540 | +18.1% |
| 2 bed rentals | $1,960 | +7.5% |
| 3 bed rentals | $2,536 | +5.7% |
| 4+ bed rentals | $2,816 | +14.2% |
Over the May 2022, the average rent for an apartment in/near Germantown, MD increased by 6.8% to $2,263.
Breaking it down in details, we now see that the average price for 1-bed apartment stands at $1,540 with no changes this month. Pricing for 2-bed apartment remains the same, a place of this size will still cost you $1,960. Reports state that an average 3-bed apartment pricing did not change, so you can still get yourself one for $2,536. Consequently, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $2,816 for a big-family home.
| Rent Type Price | May | vs Last Month |
|---|---|---|
| Townhouse rentals | $2,315 | -3.9% |
| Apartment rentals | $1,761 | +1.7% |
| Loft rentals | $1,900 | +20.6% |
| Room rentals | $1,015 | N/A |
| House rentals | $2,490 | +3.3% |
| Condo rentals | $1,871 | +4.9% |
Looking at the median rent price for an apartment in Germantown, MD, you can note that it remains flat with a price tag of $1,761. The median rent for a house is still $2,490 with no significant changes this month. Condo for rent is now available for the same pricing as previously — $1,871. The median rent for a loft did not face significant changes this time, it now still goes for $1,900. If you’re looking for a room, the price tag still starts at $1,015. The median price did not change this time. Townhouse rent pricing didn’t change, the price still starts at $2,315.
Rent vs Own
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