Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Germantown area can be challenging. Home prices in Germantown are now at a median cost of $353,930, lower than the Maryland average of $357,815.
The average cost of rent is $1,871/mo in Germantown, primarily driven by the current value of real estate in the Germantown area. While nearly 25.79% of residents own their homes outright in Germantown, 35.60% rent.
Housing affordability isn’t just about home prices, though. The average household income in Germantown is $8,701 per month. Households that rent pay about 21.50% of their income on rent here. Germantown's most expensive areas are in the southwestern regions, while the cheapest areas are in the northwestern parts of the city.
Nearby Cities
- Boyds, MD: higher priced homes
- Montgomery Village, MD: less expensive homes
- Gaithersburg, MD: higher priced homes
- Cedar Grove, MD: higher priced homes
- Clarksburg, MD: higher priced homes
- Washington Grove, MD: higher priced homes
- North Potomac, MD: higher priced homes
- Redland, MD: higher priced homes
- Laytonsville, MD: higher priced homes
- Derwood, MD: higher priced homes
Cities with Similar Populations
- New Port Richey, FL: less expensive homes
- New Braunfels, TX: less expensive homes
- New Britain, CT: less expensive homes
- Norman, OK: less expensive homes
- Norwalk, CA: higher priced homes
- Norwalk, CT: higher priced homes
- New York, NY: higher priced homes
- New Bedford, MA: less expensive homes
- Livonia, MI: less expensive homes
- Lexington, SC: less expensive homes
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