Gaithersburg Real Estate Analysis

History


Gaithersburg was settled in 1765 as a small agricultural settlement known as Log Town near the present day Summitee Hall on Ralph Crabb’s 1725 land grant “Deer Park”. The northern portion of the land grant was purchased by Henry Brookes, and he built his home Montpelier there in the late 1780s or early 1790s. His son-in-law, Benjamin Gaither, inherited a portion of that land. Gaither built his home on the land in 1802. By the 1850s the area had ceased to be called log town and was known to inhabitants as Gaitherburg.


The Forest Oak Post Office, named for a large tree in the town, was located in Gaither’s store in 1851. However, when the railroad was built through town the new station was called Gaithersburg, an officially recognized name for the community for the first time. The town incorporated under its current name in 1878. Gaithersburg boomed during the late 19th century and churches, schools, a mill, grain elevators, stores, and hotels were built. Much of this development focused around the railroad station.


In 1873 the B&O Railroad constructed a station at Gaithersburg, designed by Ephraim Francis Baldwin as part of his well-known series of Victorian stations in Maryland. Rapid growth occurred shortly thereafter, and on April 5, 1878 the town was officially incorporated as the City of Gaithersburg.

In 1899, Gaithersburg was selected as one of six global locations for the construction of an International Latitude Observatory as part of a project to measure the Earth’s wobble on its polar axis. The Gaithersburg Latitude Observatory is (as of 2007) the only National Historic Landmark in the City of Gaithersburg. The observatory and five others in JapanItalyRussia, and the United States gathered information that is still used by scientists today, along with information from satellites, to determine polar motion; the size, shape, and physical properties of the earth; and to aid the space program through the precise navigational patterns of orbiting satellites. The Gaithersburg station operated until 1982 when computerization rendered the manual observation obsolete.

Gaithersburg remained a predominantly rural farm town until the 1970s when more construction began. As the population grew, with homes spreading throughout the area, Gaithersburg began taking on a suburban and semi-urban feel, leaving its farming roots behind. During the last 1990s and 2000s, it has become one of the most economically and ethnically diverse areas in the Washington, D.C. Metropolitan Area as well as the state of Maryland, with people from all walks of life calling Gaithersburg home. This can be seen in the local schools, with Gaithersburg High School and Watkins Mill High School having two of the most diverse student bodies in the region.

During a 1997 rainstorm, the 295-year-old forest oak tree that gave its name to the Forest Oak Post Office crashed down. The tree served as the inspiration for the city’s logo, which is also featured prominently on the city’s flag.


On July 16, 2010, Gaithersburg was hit by a 3.6 magnitude earthquake, one of the strongest to occur in Maryland.

 

Geography


Gaithersburg is located at 39°7’55″ North, 77°13’35″ West (39.131974, -77.226428).

According to the U.S. Census Bureau, the city has a total area of 10.34 square miles (26.78 km2), of which, 10.20 square miles (26.42 km2) is land and 0.14 square miles (0.36 km2) is water.

Demographics


2010 census


As of the census of 2010, there were 59,933 people, 22,000 households, and 14,548 families residing in the city. The population density was 5,875.8 inhabitants per square mile (2,268.7 /km2). There were 23,337 housing units at an average density of 2,287.9 per square mile (883.4 /km2). The racial makeup of the city was 31.9% non-Hispanic White, 16.3% African American, 0.5% Native American, 16.9% Asian, 0.1% Pacific Islander, 10.7% from other races, and 4.8% from two or more races. Hispanic or Latino of any race were 24.2% of the population.

There were 22,000 households out of which 37.1% had children under the age of 18 living with them, 48.3% were married couples living together, 12.7% had a female householder with no husband present, 5.1% had a male householder with no wife present, and 33.9% were non-families. 26.7% of all households were made up of individuals and 7.5% had someone living alone who was 65 years of age or older. The average household size was 2.70 and the average family size was 3.24.

The median age in the city was 35.1 years. 24.2% of residents were under the age of 18; 7.9% were between the ages of 18 and 24; 33.8% were from 25 to 44; 24.6% were from 45 to 64; and 9.5% were 65 years of age or older. The gender makeup of the city was 48.6% male and 51.4% female.

2000 census


As of the census of 2000, there were 52,613 people, 19,621 households, and 12,577 families residing in the city. The population density was 5,216.2 people per square mile (2,013.3/km²). There were 20,674 housing units at an average density of 2,049.7 per square mile (791.1/km²). The racial makeup of the city is 34.7% White, 19.5% Black or African American, 0.2% Native American, 13.9% Asian, 0.1% Pacific Islander, 3.6% from other races, and 3.2% from two or more races. 24.8% of the population were Hispanic or Latino of any race. 34.3% of Gaithersburg’s population was foreign-born.

There were 19,621 households out of which 34.8% had children under the age of 18 living with them, 48.6% were married couples living together, 11.2% had a female householder with no husband present, and 35.9% were non-families. 27.8% of all households were made up of individuals and 7.2% had someone living alone who was 65 years of age or older. The average household size was 2.65 and the average family size was 3.14 the population was spread out with 25.0% under the age of 18, 9.0% from 18 to 24, 37.7% from 25 to 44, 20.0% from 45 to 64, and 8.2% who were 65 years of age or older. The median age was 34 years. For every 100 females there were 95.1 males. For every 100 females age 18 and over, there were 92.4 males.

 

Economy


According to the City’s 2009 Comprehensive Annual Financial Report, the top employers in the city are:
# Employer # of Employees
1 National Institute of Standards and Technology 2,115
2 IBM 1,100
3 MedImmune 1,027
4 Sodexo USA 1,000
5 Asbury Methodist Village 867
6 The Gazette 428
7 Gene Logic 362
8 BroadSoft 200
9 Qiagen 280
10  Airline Foods 185

Gaithersburg also receives significant income from its conference organization platform including prominent conferences such as the CHI 84 conference.

 

Government


Gaithersburg has an elected, five-member City Council, which serves as the legislative body of the city. The Mayor, who is also elected, serves as president of the council. The day-to-day administration of the City is overseen by a career City Manager. Gaithersburg is also the location of the 220th Military Police Brigade of the United States Army Reserve.




Gaithersburg City Hall




Its current mayor is Sidney A. Katz. (1998-). Previous mayors include:

  1. George W. Meem 1898–1904

  2. Carson Ward 1904–1906

  3. John W. Walker 1906–1908

  4. E. D. Kingsley 1908–1912

  5. Richard H. Miles 1912–1918

  6. John W. Walker 1918–1924

  7. Walter M. Magruder 1924–1926

  8. William McBain 1926–1948

  9. Harry C. Perry, Sr. 1948–1954

  10. Merton F. Duvall 1954–1966

  11. John W. Griffith 1966–1967

  12. Harold C. Morris 1967–1974

  13. Susan E. Nicholson, May–September 1974

  14. Milton M. Walker 1974–1976

  15. B. Daniel Walder 1976–1978

  16. Bruce A. Goldensohn 1978–1986

  17. W. Edward Bohrer, Jr. 1986–1998

  18. Sidney A. Katz 1998 -


The departments of the city of Gaithersburg and their directors include:

  • Office of the City Manager, Tony Tomasello

  • Finance and Administration, Harold Belton

  • Planning and Code Administration, John Schlichting

  • Community and Public Relations, Britta Monaco

  • Human Resources, Currently Vacant

  • Information Technology, Peter Cottrell

  • Parks, Recreation, and Culture, Michele Potter

  • Police, Mark Sroka

  • Public Works, Jim Arnoult


Transportation






Gaithersburg train station




Roads


The primary spine of Gaithersburg’s road network is Frederick Avenue, which runs generally north-south through the middle of the city and connects Gaithersburg to FrederickRockville andWashington, DC. Among the most important east-west roads are Diamond Avenue and Quince Orchard Road.

Interstate 270, runs approximately parallel to Frederick Avenue and connects Gaithersburg with the Capital BeltwayInterstate 370 begins in Gaithersburg and is the western end of theIntercounty Connector, a toll highway which provides a direct link to Interstate 95 near Laurel.

Transit


Gaithersburg is connected to the Washington Metro via Shady Grove station, which is located just outside the city limits and is the north-western terminus of the Red Line.

The Corridor Cities Transitway is a proposed light rail or bus rapid transit line that would have 8 stops in Gaithersburg, generally in the western half of the city.

Maryland’s MARC system operates commuter rail services connecting Gaithersburg to Washington, D.C. with two stations in the city, at Old Town Gaithersburg and Metropolitan Grove, and a third station — Washington Grove — just outside city limits.

Bus service in Gaithersburg consists of Metrobus routes operated by WMATA and Ride-On routes operated by Montgomery County, as well as paratransit service provided by MetroAccess.

Other


The mainline of CSX Transportation bisects Montgomery County and runs as many as 50 trains a day through the center of Gaithersburg. The MARC trains run on the CSX tracks, as do Amtrak trains, which go through Gaithersburg but do not stop.

The Montgomery County Airpark (IATA airport codeGAI) is a short distance outside Gaithersburg city limits. The airport is the larger of two general aviation airports in the county. For commercial airline service, Gaithersburg residents use Ronald Reagan Washington National AirportWashington Dulles International Airport or Baltimore-Washington International Airport.

 

Education


Gaithersburg is served by Montgomery County Public Schools.
Elementary schools that serve Gaithersburg include:
  • Brown Station Elementary School
  • Diamond Elementary School
  • Flower Hill Elementary School
  • Gaithersburg Elementary School
  • Goshen Elementary School
  • Jones Lane Elementary School
  • Judith A. Resnik Elementary School
  • Laytonsville Elementary School
  • Rosemont Elementary School
  • Rachel Carson Elementary School
  • South Lake Elementary School
  • Stedwick Elementary School
  • Strawberry Knoll Elementary School
  • Summit Hall Elementary School
  • Thurgood Marshall Elementary School
  • Washington Grove Elementary School
  • Watkins Mill Elementary School
  • Whetstone Elementary School
Middle schools that serve Gaithersburg include: High schools that serve Gaithersburg include:

Media


Gaithersburg is primarily served by the Washington, D.C. media market.

Newspapers



 

For more information about Gaithersburg, visit its Wikipedia page.

Gaithersburg Real Estate Market Stats

Average Home Values

Price Distribution


Home Averages

$350,400 Average Price
1,532Avg Home Size
1984Avg Year Built

Owners vs Renters

Local vs National Home Values

 LocalNational
Zillow Home Value Index $343,900 $174,200
Median Single Family Home Value $490,300 $174,000
Median Condo Value $284,600 $177,500
Median 2-Bedroom Home Value $263,400 $133,900
Median 3-Bedroom Home Value $351,800 $167,900
Median 4-Bedroom Home Value $474,900 $282,500
Percent Homes Decreasing 21.5% 26.5%
Percent Listing Price Reduction 33.5% 29.2%
Median List Price Per Sq Ft $220 $112
Median List Price $392,600 $215,000
Median Sale Price $350,400 $211,100
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $3,165 $2,083
Turnover (Sold Within Last Yr.) 4.8% 4%
Median Value Per Sq Ft $235 $120
1-Yr. Change 4.8% 6.3%
Homes For Sale By Owner Array Array
New Construction Array Array
Foreclosures Array Array

Local vs National Demographics

 LocalNational
Median Household Income 59,879 44,512
Single Males 16.3% 14.6%
Single Females 14.3% 12.5%
Median Age 33 36
Homes With Kids 33.1% 31.4%
Average Household Size 2 2
Average Commute Time (Minutes) 32 26

Gaithersburg Real Estate Listings

Active Listings in Gaithersburg

8427 MEADOW GREEN WAY Gaithersburg, MD 20877
Photo of 8427 MEADOW GREEN WAY, Gaithersburg, MD 20877 (MLS # MC8416129)
3 beds 4 baths $289,900
118 FOUNTAIN GREEN LN Gaithersburg, MD 20878
Photo of 118 FOUNTAIN GREEN LN, Gaithersburg, MD 20878 (MLS # MC8416077)
3 beds 4 baths $2,500
21 EARTH STAR PL Gaithersburg, MD 20878
Photo of 21 EARTH STAR PL, Gaithersburg, MD 20878 (MLS # MC8415828)
4 beds 4 baths $2,000
128 EMORY WOODS CT Gaithersburg, MD 20877
Photo of 128 EMORY WOODS CT, Gaithersburg, MD 20877 (MLS # MC8415814)
3 beds 4 baths $365,000
104 SWARTHMORE AVE Gaithersburg, MD 20877
Photo of 104 SWARTHMORE AVE, Gaithersburg, MD 20877 (MLS # MC8415702)
4 beds 4 baths $389,000
9070 CENTERWAY RD Gaithersburg, MD 20879
Photo of 9070 CENTERWAY RD, Gaithersburg, MD 20879 (MLS # MC8415640)
3 beds 3 baths $239,900
20438 MEADOW POND PL Gaithersburg, MD 20886
3 beds 4 baths $224,900
162 KENDRICK PL, Unit 14 Gaithersburg, MD 20878
Photo of 162 KENDRICK PL, Unit 14, Gaithersburg, MD 20878 (MLS # MC8415565)
2 beds 2 baths 1,100 sqft $282,000
948 ORCHARD RIDGE DR, Unit 100 Gaithersburg, MD 20878
Photo of 948 ORCHARD RIDGE DR, Unit 100, Gaithersburg, MD 20878 (MLS # MC8415507)
3 beds 2 baths $2,200
20028 CINNABAR DR Gaithersburg, MD 20879
Photo of 20028 CINNABAR DR, Gaithersburg, MD 20879 (MLS # MC8415504)
3 beds 4 baths 2,352 sqft $399,900
18504 BOYSENBERRY DR, Unit 169-99 Gaithersburg, MD 20879
Photo of 18504 BOYSENBERRY DR, Unit 169-99, Gaithersburg, MD 20879 (MLS # MC8415492)
1 bed 1 bath 621 sqft $1,125
17416 TAUNTON DR Gaithersburg, MD 20877
Photo of 17416 TAUNTON DR, Gaithersburg, MD 20877 (MLS # MC8415433)
4 beds 4 baths 3,100 sqft $489,000
9204 LABELLE LN Gaithersburg, MD 20879
Photo of 9204 LABELLE LN, Gaithersburg, MD 20879 (MLS # MC8415386)
3 beds 3 baths $225,000
123 DRISCOLL WAY Gaithersburg, MD 20878
Photo of 123 DRISCOLL WAY, Gaithersburg, MD 20878 (MLS # MC8415380)
4 beds 4 baths $659,900
308 PARK AVE, Unit N/A Gaithersburg, MD 20877
Photo of 308 PARK AVE, Unit N/A, Gaithersburg, MD 20877 (MLS # MC8415345)
3 beds 3 baths 2,343 sqft $415,900

Sold Listings in Gaithersburg

509 Beacon Hill Ter Gaithersburg, MD 20878
Photo of 509 Beacon Hill Ter, Gaithersburg, MD 20878 (MLS # MC8402111)
3 beds 4 baths $0
514 White Surf Ter Gaithersburg, MD 20878
Photo of 514 White Surf Ter, Gaithersburg, MD 20878 (MLS # MC8402363)
2 beds 2 baths $0
8138 Fallow Dr #12-E Gaithersburg, MD 20877
Photo of 8138 Fallow Dr #12-E, Gaithersburg, MD 20877 (MLS # MC8401967)
4 beds 4 baths $0
514 WHITE SURF TER Gaithersburg, MD 20878
Photo of 514 WHITE SURF TER, Gaithersburg, MD 20878 (MLS # MC8402363)
2 beds 2 baths $1,495
8138 FALLOW DR, Unit 12-E Gaithersburg, MD 20877
Photo of 8138 FALLOW DR, Unit 12-E, Gaithersburg, MD 20877 (MLS # MC8401967)
4 beds 4 baths $1,800
31 Booth St #451 Gaithersburg, MD 20878
Photo of 31 Booth St #451, Gaithersburg, MD 20878 (MLS # MC8398432)
3 beds 2 baths 1,620 sqft $0
104 Autumn Flower Ln Gaithersburg, MD 20878
Photo of 104 Autumn Flower Ln, Gaithersburg, MD 20878 (MLS # MC8397668)
4 beds 4 baths 2,100 sqft $0
104 Middle Point Ct Gaithersburg, MD 20877
Photo of 104 Middle Point Ct, Gaithersburg, MD 20877 (MLS # MC8395599)
3 beds 3 baths $0
904 Highland Ridge Ave Gaithersburg, MD 20878
Photo of 904 Highland Ridge Ave, Gaithersburg, MD 20878 (MLS # MC8394859)
4 beds 5 baths $0
303 Rabbitt Rd Gaithersburg, MD 20878
Photo of 303 Rabbitt Rd, Gaithersburg, MD 20878 (MLS # MC8395475)
5 beds 4 baths $0
204 Parkview Ave Gaithersburg, MD 20878
Photo of 204 Parkview Ave, Gaithersburg, MD 20878 (MLS # MC8394266)
3 beds 4 baths $0
725 Main St #A Gaithersburg, MD 20878
Photo of 725 Main St #A, Gaithersburg, MD 20878 (MLS # MC8394395)
2 beds 3 baths 1,795 sqft $0
12108 Sioux Pl Gaithersburg, MD 20878
Photo of 12108 Sioux Pl, Gaithersburg, MD 20878 (MLS # MC8392154)
3 beds 3 baths 1,613 sqft $0
7900 Badenloch Way #304 Gaithersburg, MD 20879
Photo of 7900 Badenloch Way #304, Gaithersburg, MD 20879 (MLS # MC8391411)
2 beds 2 baths 946 sqft $0
7905 Coriander Dr #302 Gaithersburg, MD 20879
Photo of 7905 Coriander Dr #302, Gaithersburg, MD 20879 (MLS # MC8390862)
1 bed 1 bath 800 sqft $0

Walk Score for Gaithersburg



Gaithersburg School Data

Gaithersburg School Districts

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Gaithersburg Schools

Thurgood Marshall Elementary School
PK-5, public
http://www.montgomeryschoolsmd.org/schools/thurgoodmarshalles/
Jones Lane Elementary School
PK-5, public
Forest Oak Middle School
6-8, public
Brown Station Elementary School
PK-5, public
Darnestown Elementary School
K-5, public
Diamond Elementary School
K-5, public
Dufief Elementary School
PK-5, public
Fields Road Elementary School
PK-5, public
Gaithersburg Elementary School
PK-5, public
Gaithersburg Middle School
6-8, public
Gaithersburg High School
9-12, public
Laytonsville Elementary School
K-5, public
Ridgeview Middle School
6-8, public
Rosemont Elementary School
PK-5, public
South Lake Elementary School
PK-5, public
Summit Hall Elementary School
PK-5, public
Washington Grove Elementary School
PK-5, public
Whetstone Elementary School
PK-5, public
Woodfield Elementary School
PK-5, public
Flower Hill Elementary School
PK-5, public
Quince Orchard High School
9-12, public
Goshen Elementary School
PK-5, public
Strawberry Knoll Elementary School
PK-5, public
Rachel Carson Elementary School
PK-5, public
Judith A. Resnik Elementary School
PK-5, public