Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 91,249, 31,628 total housing units (homes and apartments), and a median house value of $506,164, Germantown real estate prices are well above average cost compared to national prices.
Row houses and other attached homes are the single most common housing type in Germantown, accounting for 41.10% of the town's housing units. Other types of housing that are prevalent in Germantown include large apartment complexes or high rise apartments ( 26.86%), single-family detached homes ( 26.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.00%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.
Owner-occupied, three and four bedroom dwellings, primarily in row houses and other attached homes are the most prevalent type of housing you will see in Germantown. Owner-occupied housing accounts for 65.82% of Germantown's homes, and 55.84% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Germantown built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Germantown built between 2000 and later ( 20.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.02%).
Some of the lowest real estate appreciation rates in America over the last ten years have been in Germantown, where house values have increased just 49.52%, which is annualized rate of 4.10%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Germantown appreciation rates have trailed the rest of the nation. In the last twelve months, Germantown's appreciation rate has been 4.51%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Germantown were at 3.11%, which equates to an annual appreciation rate of 13.04%.
Importantly, this makes Germantown one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Maryland, our data show that Germantown's latest annual appreciation rate is lower than 60% of the other cities and towns in Maryland.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Germantown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Germantown - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Germantown real estate investment or home purchase decisions.
$506,164
for Maryland
for nation
31,628
$2,702 / per month