Potomac, 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

Potomac, MD Housing Market Trends

With a population of 47,448, 16,193 total housing units (homes and apartments), and a median house value of $1,051,111, Potomac house prices are not only among the most expensive in Maryland, Potomac real estate also is some of the most expensive in all of America.

Potomac is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Potomac than is found in 98% of the communities in America.

The large homes that make up Potomac are primarily owner-occupied ( 86.93%).

There is a lot of housing in Potomac 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 Potomac built between 1940-1969 ( 31.75%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.18%).

Potomac Home Appreciation Rates

Potomac's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Potomac during the period has been just 1.36%, which is lower than 80% of US communities.

Over the last year, Potomac appreciation rates have trailed the rest of the nation. In the last twelve months, Potomac's appreciation rate has been 4.32%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Potomac were at 1.43%, which equates to an annual appreciation rate of 5.84%.

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

Relative to Maryland, our data show that Potomac'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 Potomac differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Potomac - 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 Potomac real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$1,051,111

Potomac, MD HOME PRICES

> $1,074,000
36.9%
36.9%
$805,001 - $1,074,000
32.2%
32.2%
$537,001 - $805,000
21.6%
21.6%
$429,001 - $537,000
1.5%
1.5%
$322,001 - $429,000
1.9%
1.9%
$215,001 - $322,000
3.5%
3.5%
$107,001 - $215,000
1.4%
1.4%
$54,001 - $107,000
0.1%
0.1%
$0 - $54,000
0.9%
0.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MD

Value Relative To Nation

Number Of Homes And Apartments:
16,193

Potomac 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
92.15% 3.16%
6
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,446 / per month

Homeownership Rate

Owners
86.9%
86.9%
Renters
13.1%
13.1%
Vacant
3.4%
3.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
7.2%
7.2%
1970 - 1999
60.3%
60.3%
1940 - 1969
31.8%
31.8%
1939 or Older
0.8%
0.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
73.4%
73.4%
Townhomes
16.1%
16.1%
Small Apt. Buildings
0.3%
0.3%
Apt. Complexes
10.1%
10.1%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.7%
0.7%
1 Bedroom
3.2%
3.2%
2 Bedrooms
7.0%
7.0%
3 Bedrooms
16.1%
16.1%
4 Bedrooms
38.0%
38.0%
5 or more bedrooms
34.9%
34.9%
0.0% 100.0%
% OF HOMES