Germantown, MD Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Germantown, MD Housing Market Trends

With a population of 91,167, 30,799 total housing units (homes and apartments), and a median house value of $378,698, real estate costs in Germantown are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Maryland communities.

Row houses and other attached homes are the single most common housing type in Germantown, accounting for 41.19% of the town's housing units. Other types of housing that are prevalent in Germantown include large apartment complexes or high rise apartments ( 28.80%), single-family detached homes ( 27.01%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.57%). Towns with mostly row houses, apartments, and other high density housing types are relatively uncommon, and characteristic of compact towns that frequently have a downtown or other neighborhoods where amenities are within walking distance and a lot of street life can be seen.

The most prevalent building size and type in Germantown are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The town has a mixture of owners and renters, with 63.10% owning and 36.90% renting.

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 ( 20.59%). A lesser amount of the housing stock also hails from between 1940-1969 ( 3.98%).

Germantown Home Appreciation Rates

Germantown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Germantown during the period has been just 2.00%, which is lower than 70% of US communities.

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 4.37%, 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 1.47%, which equates to an annual appreciation rate of 6.03%.

Notably, Germantown's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Maryland, our data show that Germantown's latest annual appreciation rate is higher 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.

Average Home Values

 

Median Home Value:
$378,698

Germantown, MD HOME PRICES

> $1,136,000
0.5%
0.5%
$852,001 - $1,136,000
2.0%
2.0%
$568,001 - $852,000
20.4%
20.4%
$455,001 - $568,000
12.4%
12.4%
$341,001 - $455,000
22.9%
22.9%
$227,001 - $341,000
30.4%
30.4%
$114,001 - $227,000
9.9%
9.9%
$57,001 - $114,000
0.3%
0.3%
$0 - $57,000
1.3%
1.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for MD

Value Relative To Nation

Number Of Homes And Apartments:
30,799

Germantown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
100.74% 3.37%
8
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,363 / per month

Homeownership Rate

Owners
63.1%
63.1%
Renters
36.9%
36.9%
Vacant
4.7%
4.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.6%
20.6%
1970 - 1999
74.9%
74.9%
1940 - 1969
4.0%
4.0%
1939 or Older
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
27.0%
27.0%
Townhomes
41.2%
41.2%
Small Apt. Buildings
2.6%
2.6%
Apt. Complexes
28.8%
28.8%
Mobile Homes
0.4%
0.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
8.1%
8.1%
2 Bedrooms
27.4%
27.4%
3 Bedrooms
38.0%
38.0%
4 Bedrooms
20.4%
20.4%
5 or more bedrooms
5.4%
5.4%
0.0% 100.0%
% OF HOMES