Touting itself as the city where "Character Counts," Gaithersburg is an historic community of some 54,000 residents located just outside of Washington D.C. Gaithersburg is a diverse community that offers its residents excellent schools, a low crime rate, plenty of cultural and recreational opportunities and a relaxed semi-rural atmosphere.
Gaithersburg is known for its beautifully landscaped parks, public streets and medians. The city has won numerous local and national awards including being named Tree City USA and a winner of the U.S. Conference of Mayors City Livability Award. The centerpiece of the community is its Olde Towne historic district that is the meeting place for numerous public events throughout the year. Gaithersburg's central location along Interstate 270 and its pro-business environment have led to strong job and population growth over the past decade. Gaithersburg is in the heart of the Washington-Baltimore region, home of 87% of Maryland residents and the fourth largest U.S. retail market.
Gaithersburg Real Estate Market: Price Range of Gaithersburg Homes
The Gaithersburg real estate market is a mix of historic homes and newer developments. Condominiums and townhouses in Gaithersburg start at around $175,000 and run up to $630,000 for newer units. Gaithersburg's single-family homes begin at over $300,000 and range up to $2 million and more for large estate properties or homes with acreage. Land and lots are available for custom building.
Gaithersburg Real Estate Stats and Trends for the week of April 21st, 2014: homes priced around $343,957 compared to $321,962 the previous week, showing a increase of more than +6%. For Thursday, April 24th, the current national mortgage rate for a 30 year fixed mortgage is 4.28%; the 15 year fixed rate is at 3.30%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.68%, while the 15 year jumbo rate currently is at 4.13%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Gaithersburg MD. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Gaithersburg to help you find the best home!