20878, Gaithersburg, MD

Home equity is the difference between what a homeowner owes on their home and the market value of their home. Home prices are the price at which homes are sold in a given area. Both of these factors can change over time, and can be affected by many different factors.

According to Zillow, the median home value in Gaithersburg was $247,200 in January 2018. This is up from $236,700 in January 2017. The increase is likely due to an influx of new residents and investment into the area, as well as strong demand from buyers. While there may be some variation among neighborhoods within Gaithersburg, on average homes are worth more than they were a year ago.

The homeownership rate in Gaithersburg was 67% as of December 2017 according to Trulia. This is lower than the Maryland statewide homeownership rate of 73%. It may be that some people are choosing not to buy or sell homes here because they feel it’s too expensive or they don’t think it will stay that way for long. There has been speculation that President Trump’s proposed tax cuts might lead to increased housing prices across the country, but so far there has been no clear evidence that this is happening in Gaithersburg specifically or elsewhere in Maryland.

There are many things that can affect home prices and home equity: interest rates, economic conditions (such as unemployment), local regulations (such as zoning laws), availability of land and construction costs. All these factors play a role in determining how much someone would need to spend on a house before it becomes theirs outright and how much money they could borrow against their house if they wanted to buy another one soon.