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These days, finding an affordable place to live in the Gaithersburg area can be challenging. Home prices in Gaithersburg are now at a median cost of $532,810, higher than the Maryland average of $450,578.
The average cost of rent is $2,132/mo in Gaithersburg, primarily driven by the current value of real estate in the Gaithersburg area. In Gaithersburg, 38.34% of households rent, and 29.24% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Gaithersburg is $10,730 per month. Households that rent pay about 19.87% of their income on rent here. Gaithersburg’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Washington Grove, MD: equally priced homes
- Montgomery Village, MD: less expensive homes
- Redland, MD: higher priced homes
- Germantown, MD: less expensive homes
- Derwood, MD: higher priced homes
- North Potomac, MD: higher priced homes
- Rockville, MD: higher priced homes
- Laytonsville, MD: higher priced homes
- Boyds, MD: higher priced homes
- Cedar Grove, MD: higher priced homes
Cities with Similar Populations
- Poinciana, FL: less expensive homes
- Port Charlotte, FL: less expensive homes
- Pomona, CA: equally priced homes
- Plano, TX: equally priced homes
- Pittsburgh, PA: less expensive homes
- Pleasanton, CA: higher priced homes
- Plymouth, MN: equally priced homes
- Pompano Beach, FL: less expensive homes
- Noblesville, IN: less expensive homes
- Olathe, KS: less expensive homes
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