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 |
Rent Price |
May | vs Last Month |
---|---|---|
Studio apartments | $1,800 | -31% |
1-bed apartments | $1,965 | -5.9% |
2-bed apartments | $1,861 | -31.4% |
3-bed apartments | $2,423 | -37.7% |
4+ bed apartments | $3,000 | -67.2% |
Over the May 2023, the average rent for an apartment in/near Germantown, MD decreased by 41.3% to $2,133.
Compared to the last month, the average price for a rental studio in Germantown, MD has decreased by 31%. You can expect to rent the studio for $1,800 on average this month. Breaking it down in details, we now see that the average price for 1-bed apartment decreased by 5.9% to $1,965. Pricing for 2-bed apartment also decreased by 31.4% and a place of this size will now cost you $1,861. 3-bed apartment rent pricing starts at $2,423, it decreased by 37.7% lately. We tend to note the rise of 4- and more bed apartment pricing. It decreased by 67.2% and made it down to $3,000.
Rent Type Price |
May | vs Last Month |
---|---|---|
Houses for rent | $2,501 | -56.2% |
Condos for rent | $2,090 | +9% |
Apartments for rent | $2,002 | -17.9% |
Townhouses for rent | $2,217 | N/A |
Rooms for rent | $1,400 | N/A |
The median rent for an apartment in Germantown, MD decreased by 17.9% to $2,002. Statistics show that house rent price decreased by 56.2% this month making it up to $2,501. Condos faced an upward trend these days. The median rent for a condo increased by 9%, it’s now available for $2,090. If you’re looking for a room, the price tag still starts at $1,400. The median price did not change this time. Townhouse rent pricing didn’t change, the price still starts at $2,217.