Gaithersburg, MD 20877 - Real Estate Investment Insights & Performance Data

Welcome to our 20877 real estate data hub, tailored for investors in Gaithersburg, MD. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 20877 in Gaithersburg, MD. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MONTGOMERY COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Gaithersburg, MD real estate investing. Uncover the wealth of information available, and position yourself for success in the Gaithersburg property market.

• Location Overview

  • Zip Code: 20877
  • City: Gaithersburg
  • State: MD
  • Metro Area: Washington-Arlington-Alexandria, DC-VA-MD-WV
  • County Name: MONTGOMERY COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $437,316
  • Average Home Price (Single Family Homes): $471,333
  • Average Monthly Rental Price (All Types): $2,027
  • Price-to-Rent Ratio: 18
  • Zillow Projected % appreciation from 4/2023-4/2024: -0.7%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,810
  • Average 3 Bedroom Section 8 Rental Rates: $2,260
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 20.13
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 16.13
  • Number of Units Offered in Section 8 in the County: 3240
  • Number of Occupied Units in Section 8 in the County: 3049
  • Percentage of Section 8 Units Occupied in the County: 94.09999847%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 191.33
  • Total % Appreciation since 2000 (Government Data): 158.3
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 1.35%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 2.25%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 18.82%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 30.51%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 58.21%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 20.24%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 89.65%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 6.13%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 7.99%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%