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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 $461,439, higher than the Maryland average of $450,578.
The average cost of rent is $2,148/mo in Germantown, primarily driven by the current value of real estate in the Germantown area. In Germantown, 35.58% of households rent, and 25.83% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Germantown is $10,525 per month. Households that rent pay about 20.40% of their income on rent here. Germantown’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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: equally 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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