Housing in Gaithersburg
Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.
Housing in Gaithersburg, Maryland
The housing market in Gaithersburg is competitive and more expensive than the national average. The median property value in 2024 was $496,500, representing a 2.48% increase from the previous year. The homeownership rate in Gaithersburg is 50.8%, which is lower than the national average. For renters, the average rent in Gaithersburg was $1,784 in 2026, which is 7.3% higher than the national average. Median gross rent for 2020-2024 was reported at $2,058. Both renting and buying reflect the city's higher cost of living, with housing being a primary driver of expenses.
Housing
About Gaithersburg, Maryland
Gaithersburg, Maryland, is a vibrant and diverse city located in Montgomery County, northwest of Washington, D.C. It has grown significantly to become one of the largest cities in the state, attracting residents with its strategic location, robust economy, and suburban appeal. The city offers a blend of urban amenities and green spaces, making it an attractive destination for families and professionals alike. Its character is shaped by a diverse population and a strong emphasis on community development and quality of life.
About Maryland
Maryland, known as "America in Miniature," offers a diverse landscape from Atlantic coastlines to the Appalachian Mountains, providing a mix of urban, suburban, and rural lifestyles. The state boasts a robust economy, with major industries including information technology, biotechnology, aerospace and defense, and government, significantly influenced by its proximity to Washington D.C.. Living in Maryland generally entails a higher cost of living compared to the national average, particularly for housing and utilities, though it also features a high median household income. The climate is characterized by humid subtropical conditions with warm, humid summers and moderately cold, occasionally snowy winters, with temperatures varying between the eastern and western regions.