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Gaithersburg, MD

Population 67,529

0.1659% 1 Year Growth

Median Household Income $86,427

0.7567% 1- Year Growth

Median Property Value $389.7K

2.4121% 1-Year Growth

About

In 2018, Gaithersburg, MD had a population of $67.5K people with a median age of 35.8 and a median household income of $86,427. Between 2017 and 2018 thepopulation of Gaithersburg, MD grew from 67,529 to 67,417, a 0.1659% increase and its mediam household income grew from $85,773 to $86,427, a 0.7567% increase.
The 5 largest ethnic groups in Gaithersburg, MD are Asian (Non-Hispanic) (0%), White (Non Hispanic) (0%). White (Hispanic (0%). Other (Hispanic) (0%), and Two+(Non-Hispanic) (0%). NaNk% of the people in Gaithersburg, MD speak a non-English language, and 0.1659% are U.S. citizens.
The median property value in Gaithersburg, MD is $1.07M, and the homeownership rate is 59%. Most people in Gaithersburg, MD commute by Drove Alone, and the average commute time is 31.36 minutes. The average car ownership in Gaithersburg, MD is 2 cars per household.

Housing & Living

The median property value in Gaithersburg, MD was $389.7K in 2018, which is 4.65 times larger than the national average of $229,700. Between 2017 and 2018 the median property value increased from $994,400 to
$1.07M, a 7.48% increae. The homeownership rate in Gaithersburg, MD is 59%, which is lower than the national average of 63.9%. People in Gaithersburg, MD have an average commute time of 31.36 minutes, and they
commute by Drove Alone. Car ownership in Gaithersburg, MD is approximately the same as the national average, with an average of 2 cars per household.

Property value

  • $389.7K 2018 median ± $86,427
  • $380,300 2017 Median ± $85,773

In 2018, the median propery value in Gaithersburg, MD grew to $389.7K from the previous year's value of $380300.

The following charts display, first, the property values in Gaithersburg, MD compared to it's parent and neighbor geographies and, second, owner-occupied housing units distributed between a series of property value buckets compared to the national averages for each bucket. In Gaithersburg, MD the largest share of households have a property value in the N/A range.

Property Taxes

  • $12.4K AVERAGE RANGE

This chart shows the households in California distributed between a series of property tax buckets compared to the national averages for each bucket. In California the largest share of households pay taxes in the $12.4K range.

economy

In 2018, Gaithersburg, MD had a population of $67.5K people with a median age of 35.8 and a median household income of $86,427. Between 2017 and 2018 thepopulation of Gaithersburg, MD grew from 67,417 to 67,529, a 0.1659% increase and its mediam household income grew from $85,773 to $86,427, a 0.7567% increase.
The 5 largest ethnic groups in Gaithersburg, MD are Asian (Non-Hispanic) (0%), White (Non Hispanic) (0%). White (Hispanic (0%). Other (Hispanic) (0%), and Two+(Non-Hispanic) (0%). NaNk% of the people in Gaithersburg, MD speak a non-English language, and 0.1659% are U.S. citizens.
The median property value in Gaithersburg, MD is $389.7K, and the homeownership rate is 59%. Most people in Gaithersburg, MD commute by Drove Alone, and the average commute time is 31.36 minutes. The average car ownership in Gaithersburg, MD is 2 cars per household.

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