Home prices
The median home in Gaithersburg is valued at $392,200. This is approximately $89,180 (18%) lower compared to nearby areas.It is about $174,700 (80%) higher in comparison to the United States as a whole, and compared to the city of Washington it is about $209,300 (34%) lower.
Rents
In Gaithersburg the median rent is $1,740 per month. In comparison to nearby areas it is approximately $59 (3%) higher.Compared to the entire nation it is approximately $678 (63%) higher, and in comparison to the city of Washington is roughly $199 (12%) higher.
Nearby places
Washington Grove
Washington Grove is Gaithersburg's neighbor to the east. Its housing prices are a bit more expensive. The median home in Washington Grove is valued at $446,400, which is $54,200 (12%) higher than Gaithersburg. Its rents are similar. The median rent in Washington Grove is $1,750 per month, which is very similar to Gaithersburg.
North Potomac
North Potomac is Gaithersburg's neighbor to the southwest. Real estate prices there are substantially more expensive. The median home in North Potomac costs $672,900, which comes out to $280,700 (41%) higher than Gaithersburg. Rent there is a bit more expensive. North Potomac's median rent is $2,129 a month, which is $389 (18%) higher than Gaithersburg.
Redland
Redland is Gaithersburg's neighbor to the east. Housing prices there are a bit more expensive. The median home price in Redland is $418,500, which comes out to $26,300 (6%) higher than Gaithersburg. Its rents are fairly similar. Redland's median rent is $1,736 a month, which is very similar to Gaithersburg.
Montgomery Village
Montgomery Village is Gaithersburg's neighbor to the north. Housing prices there are a little less expensive. The median home value in Montgomery Village is $305,400, which comes out to $86,800 (28%) lower than Gaithersburg. Rent there is a little less expensive. The median monthly rent in Montgomery Village is $1,631, which is $109 (6%) lower than Gaithersburg.
Derwood
Derwood is about 3 miles southeast of Gaithersburg. Its housing prices are a little more expensive. The median home in Derwood costs $563,700, which comes out to $171,500 (30%) higher than Gaithersburg. Rent there is substantially less expensive. Derwood's median rent is $1,160 a month, which comes out to $580 (50%) lower than Gaithersburg.
