20879, Gaithersburg, MD

Home Equity and Home Prices in the 20879 Zip Code of Gaithersburg, MD

The 20879 zip code of Gaithersburg, MD has a median home value of $269,000. This is higher than the Maryland median home value of $217,500. The 20879 zip code also has a higher than average percentage of homes with equity (77%). This indicates that many homeowners in this area have a considerable amount of equity in their homes.

The average home price in the 20879 zip code increased by 7% from 2016 to 2017. This is slower than the national increase of 9%. The main drivers for this increase are likely to be strong demand and low supply.

There are currently 3,527 homes for sale in the 20879 zip code. This is lower than the Maryland average of 4,912 homes for sale and indicates that there may be some room for growth in this area.

Overall, it appears that homeownership rates and home values are high in the 20879 zip code and there may be opportunities for those looking to purchase or invest in property here.