Montgomery Village Real Estate Analysis

History


On February 28, 1966, the Kettler brothers broke ground for the first house in Montgomery Village. The first model homes were opened in Lakeside of Whetstone in August 1967. In September, more opened in the Clusters of Stedwick. The Montgomery Village Golf Club also opened in September of that year. The first residents of Montgomery Village moved in on September 25, 1967 in Goshenside. They were the Bartik family. Also on the same day, the Crosby family moved into a home on Whetstone Drive.Montgomery Village was created in 1962 by Kettler Brothers, Inc. The vision for a planned community in Gaithersburg is credited to architect Charles Kettler, who incorporated Kettler Brothers with his brothers Milton and Clarence in 1952. The first land purchase was the Walker Farm in 1962. subsequent purchases were the Thomas Farm, The Mills Farm, The French Farm, The Patton Farm, The Fulks Farm, The Wilson Farm and The James Walter Deppa property. The Walker Farm was the largest of all the properties the Kettlers bought. It was 412 acres (1.67 km2) and now is Walkers Choice, Cider Mill, Horizon Run, Christopher Court, Dockside, Nathan’s Hill, Millrace, the Montgomery village Library, Montgomery Village Day-Care Center, the Off-Price Centers, Bayberry, the Verandahs, Grover’s Forge, Lake Whetstone, South Valley Park and part of Lakeforest Mall.

The Montgomery Village Foundation was incorporated in 1966. In 1968, the Whetstone Community Center opened as well as Whetstone Elementary and Montgomery Village Middle schools. In 1970, The Village Mall opened, which is now the Village Shopping Center on Montgomery Village Avenue. Then in 1971, the Holiday Inn opened. In 1973, bus service toWashington, D.C. began. In 1998, Montgomery Village began using its own zip code, 20886.

Geography


Although Montgomery Village is an unincorporated area, its boundaries are defined according to Montgomery County zoning rules and by its own unique zipcode. Montgomery Village uses Gaithersburg addresses even though the village is outside city limits. Montgomery Village is recognized by the U.S. Census Bureau as a Census-designated Place, and by theUnited States Geological Survey as a populated place located at 39°10′35″N 77°11′34″W (39.176469, -77.192654).

According to the U.S. Census Bureau, the place has a total area of 6.5 square miles (17 km2), of which, 6.5 square miles (17 km2) of it is land and 0.04 square miles (0.10 km2) of it (0.46%) is water.

 

Demographics


Historical populations
Census Pop.
1980 18,725
1990 32,315 72.6%
2000 38,051 17.8%
 

As of the 2000 U.S. Census, there were 38,051 people, 14,142 households, and 9,729 families residing in the area. The population density was 5,875.1 people per square mile (2,267.2/km²). There were 14,548 housing units at an average density of 2,246.2 per square mile (866.8/km²). The ethnic makeup of the area was 38.1% White, 23.2% African American, 0.2% Native American, 10.7% Asian, 0.0% Pacific Islander, 0.5% from other races, and 2.9% from two or more races. Hispanic or Latino of any race were 24.0% of the population.

There were 14,142 households out of which 36.8% had children under the age of 18 living with them, 52.5% were married couples living together, 12.6% had a female householder with no husband present, and 31.2% were non-families. 24.0% of all households were made up of individuals and 4.9% had someone living alone who was 65 years of age or older. The average household size was 2.68 and the average family size was 3.21.

In the area, the population was spread out with 26.6% under the age of 18, 7.5% from 18 to 24, 35.4% from 25 to 44, 23.5% from 45 to 64, and 7.0% who were 65 years of age or older. The median age was 34 years. For every 100 females there were 90.9 males. For every 100 females age 21 and over, there were 87.7 males.

The median income for a household in the area was $66,828, and the median income for a family was $74,920 (these figures had risen to $89,601 and $97,837 respectively as of a 2008 estimate). Males had a median income of $50,046 versus $38,665 for females. The per capita income for the area was $29,620. About 3.9% of families and 7.1% of the population were below the poverty line, including 6.6% of those under age 18 and 3.4% of those age 65 or over.

 

Education


Elementary schools



  • Watkins Mill Elementary

  • Laytonsville Elementary

  • Stedwick Elementary

  • Goshen Elementary

  • Whetstone Elementary

  • Summit Hall Elementary

  • South Lake Elementary


Middle schools



High schools



 

For more information about Montgomery Village, visit its Wikipedia page.

Montgomery Village Real Estate Market Stats

Average Home Values

Price Distribution


Home Averages

$246,000 Average Price
1,376Avg Home Size
1980Avg Year Built

Owners vs Renters

Local vs National Home Values

 LocalNational
Zillow Home Value Index $245,200 $174,800
Median Single Family Home Value $439,400 $174,200
Median Condo Value $222,000 $178,900
Median 2-Bedroom Home Value $164,700 $134,000
Median 3-Bedroom Home Value $244,400 $168,100
Median 4-Bedroom Home Value $345,900 $282,900
Percent Homes Decreasing 23.9% 27.2%
Percent Listing Price Reduction 35.3% 34.8%
Median List Price Per Sq Ft $171 $111
Median List Price $249,900 $215,000
Median Sale Price $246,000 $217,800
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $1,983 $2,083
Turnover (Sold Within Last Yr.) 5% 4%
Median Value Per Sq Ft $163 $120
1-Yr. Change 4.1% 6.5%
Homes For Sale By Owner Array Array
New Construction Array Array
Foreclosures Array Array

Montgomery Village Real Estate Listings

Active Listings in Montgomery Village

9904 WALKER HOUSE RD, Unit 1 Montgomery Village, MD 20886
Photo of 9904 WALKER HOUSE RD, Unit 1, Montgomery Village, MD 20886 (MLS # MC8436050)
1 bed 1 bath 889 sqft $75,000
10530 CAMBRIDGE CT Montgomery Village, MD 20886
Photo of 10530 CAMBRIDGE CT, Montgomery Village, MD 20886 (MLS # MC8435115)
4 beds 3 baths $274,990
8626 FOUNTAIN VALLEY DR Montgomery Village, MD 20886
Photo of 8626 FOUNTAIN VALLEY DR, Montgomery Village, MD 20886 (MLS # MC8433551)
3 beds 4 baths $309,900
18710 PIER POINT PL Montgomery Village, MD 20886
Photo of 18710 PIER POINT PL, Montgomery Village, MD 20886 (MLS # MC8433359)
2 beds 2 baths $1,439
20304 MARKETREE PL Montgomery Village, MD 20886
Photo of 20304 MARKETREE PL, Montgomery Village, MD 20886 (MLS # MC8432512)
3 beds 3 baths 2,665 sqft $409,000
20413 HIGHLAND HALL DR Montgomery Village, MD 20886
Photo of 20413 HIGHLAND HALL DR, Montgomery Village, MD 20886 (MLS # MC8432148)
5 beds 4 baths $519,900
19827 WHEELRIGHT DR Montgomery Village, MD 20886
3 beds 3 baths $249,999
4 BRASSIE CT Montgomery Village, MD 20886
Photo of 4 BRASSIE CT, Montgomery Village, MD 20886 (MLS # MC8430534)
2 beds 1 bath $150,000
19010 CANADIAN CT Montgomery Village, MD 20886
Photo of 19010 CANADIAN CT, Montgomery Village, MD 20886 (MLS # MC8430065)
4 beds 4 baths $2,300
19107 CAPEHART DR Montgomery Village, MD 20886
Photo of 19107 CAPEHART DR, Montgomery Village, MD 20886 (MLS # MC8430017)
3 beds 3 baths $222,000
9902 WALKER HOUSE RD, Unit 4 Montgomery Village, MD 20886
Photo of 9902 WALKER HOUSE RD, Unit 4, Montgomery Village, MD 20886 (MLS # MC8429343)
2 beds 2 baths 1,178 sqft $80,000
10000 STEDWICK RD, Unit 102 Montgomery Village, MD 20886
Photo of 10000 STEDWICK RD, Unit 102, Montgomery Village, MD 20886 (MLS # MC8428434)
2 beds 2 baths 1,178 sqft $180,000
9701 LEATHERFERN TER, Unit 203 Montgomery Village, MD 20886
Photo of 9701 LEATHERFERN TER, Unit 203, Montgomery Village, MD 20886 (MLS # MC8427797)
3 beds 2 baths 1,269 sqft $229,900
9647 BRASSIE WAY Montgomery Village, MD 20886
Photo of 9647 BRASSIE WAY, Montgomery Village, MD 20886 (MLS # MC8426949)
2 beds 3 baths $214,900
8648 WELBECK WAY Montgomery Village, MD 20886
Photo of 8648 WELBECK WAY, Montgomery Village, MD 20886 (MLS # MC8426831)
2 beds 2 baths $165,000

Sold Listings in Montgomery Village

9281 Chadburn Pl Montgomery Village, MD 20886
Photo of 9281 Chadburn Pl, Montgomery Village, MD 20886 (MLS # MC8423441)
3 beds 3 baths $0
9281 CHADBURN PL Montgomery Village, MD 20886
Photo of 9281 CHADBURN PL, Montgomery Village, MD 20886 (MLS # MC8423441)
3 beds 3 baths $1,600
19930 Drexel Hill Cir Montgomery Village, MD 20886
Photo of 19930 Drexel Hill Cir, Montgomery Village, MD 20886 (MLS # MC8417936)
3 beds 3 baths $0
18011 Royal Bonnet Cir Montgomery Village, MD 20886
Photo of 18011 Royal Bonnet Cir, Montgomery Village, MD 20886 (MLS # MC8412922)
3 beds 3 baths 1,402 sqft $0
9826 Islandside Dr Montgomery Village, MD 20886
Photo of 9826 Islandside Dr, Montgomery Village, MD 20886 (MLS # MC8408800)
2 beds 3 baths $0
9826 ISLANDSIDE DR Montgomery Village, MD 20886
Photo of 9826 ISLANDSIDE DR, Montgomery Village, MD 20886 (MLS # MC8408800)
2 beds 3 baths $1,625
19341 Keymar Way Montgomery Village, MD 20886
Photo of 19341 Keymar Way, Montgomery Village, MD 20886 (MLS # MC8407170)
3 beds 3 baths $0
19955 Drexel Hill Cir Montgomery Village, MD 20886
Photo of 19955 Drexel Hill Cir, Montgomery Village, MD 20886 (MLS # MC8405620)
2 beds 3 baths $0
8537 Hawk Run Ter Montgomery Village, MD 20886
Photo of 8537 Hawk Run Ter, Montgomery Village, MD 20886 (MLS # MC8401970)
4 beds 4 baths $0
19907 Wild Ginger Pl Montgomery Village, MD 20886
Photo of 19907 Wild Ginger Pl, Montgomery Village, MD 20886 (MLS # MC8400210)
4 beds 4 baths 1,872 sqft $0
9379 Bremerton Way Montgomery Village, MD 20886
Photo of 9379 Bremerton Way, Montgomery Village, MD 20886 (MLS # MC8401350)
3 beds 3 baths $0
19423 Brassie Pl #304 Montgomery Village, MD 20886
Photo of 19423 Brassie Pl #304, Montgomery Village, MD 20886 (MLS # MC8400449)
2 beds 2 baths 1,117 sqft $0
9820 Meadowcroft Ln Montgomery Village, MD 20886
Photo of 9820 Meadowcroft Ln, Montgomery Village, MD 20886 (MLS # MC8399669)
4 beds 4 baths 2,429 sqft $0
8525 Hawk Run Ter Montgomery Village, MD 20886
Photo of 8525 Hawk Run Ter, Montgomery Village, MD 20886 (MLS # MC8395220)
2 beds 4 baths $0
19435 Brassie Pl #104 Montgomery Village, MD 20886
Photo of 19435 Brassie Pl #104, Montgomery Village, MD 20886 (MLS # MC8391634)
1 bed 1 bath 802 sqft $0

Walk Score for Montgomery Village



Montgomery Village School Data

Montgomery Village School Districts

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Montgomery Village Schools

Montgomery Village Middle School
6-8, public
Stedwick Elementary School
PK-5, public
Watkins Mill Elementary School
PK-5, public
Watkins Mill High School
9-12, public
Village Montessori School
PK-2, private
http://www.villagemontessorimd.com/
Ets Chaiyim School
K-12, private
Living Grace Christian School
1-9, private