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

$230,200 Average Price
1,376Avg Home Size
1980Avg Year Built

Owners vs Renters

Local vs National Home Values

 LocalNational
Zillow Home Value Index $238,900 $169,200
Median Single Family Home Value $419,300 $168,700
Median Condo Value $219,300 $173,900
Median 2-Bedroom Home Value $167,900 $129,200
Median 3-Bedroom Home Value $252,300 $162,200
Median 4-Bedroom Home Value $355,900 $271,600
Percent Homes Decreasing 10.8% 21.8%
Percent Listing Price Reduction 30.3% 28.1%
Median List Price Per Sq Ft $167 $108
Median List Price $224,000 $199,000
Median Sale Price $230,200 $194,400
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $1,975 $2,080
Turnover (Sold Within Last Yr.) 5.5% 4.2%
Median Value Per Sq Ft $168 $113
1-Yr. Change 8.5% 5.6%
Homes For Sale By Owner Array Array
New Construction Array Array
Foreclosures Array Array

Montgomery Village Real Estate Listings

Active Listings in Montgomery Village

9781 HELLINGLY PL, Unit 14 Montgomery Village, MD 20886
Photo of 9781 HELLINGLY PL, Unit 14, Montgomery Village, MD 20886 (MLS # MC8320582)
1 bed 1 bath 752 sqft $1,095
20504 ASPENWOOD LN Montgomery Village, MD 20886
4 beds 4 baths 2,994 sqft $399,600
19801 BAZZELLTON PL Montgomery Village, MD 20886
Photo of 19801 BAZZELLTON PL, Montgomery Village, MD 20886 (MLS # MC8317277)
3 beds 4 baths 1,722 sqft $267,000
7821 YANKEE HARBOR DR Montgomery Village, MD 20886
Photo of 7821 YANKEE HARBOR DR, Montgomery Village, MD 20886 (MLS # MC8317142)
3 beds 3 baths $1,925
8311 GIANTSTEP PL Montgomery Village, MD 20886
Photo of 8311 GIANTSTEP PL, Montgomery Village, MD 20886 (MLS # MC8317012)
5 beds 4 baths 5,084 sqft $649,000
18759 PIER POINT PL Montgomery Village, MD 20886
Photo of 18759 PIER POINT PL, Montgomery Village, MD 20886 (MLS # MC8316160)
3 beds 3 baths $250,000
8719 DELCRIS DR Montgomery Village, MD 20886
Photo of 8719 DELCRIS DR, Montgomery Village, MD 20886 (MLS # MC8315274)
3 beds 3 baths 2,222 sqft $355,000
18470 BISHOPSTONE CT, Unit 241 Montgomery Village, MD 20886
Photo of 18470 BISHOPSTONE CT, Unit 241, Montgomery Village, MD 20886 (MLS # MC8315252)
1 bed 1 bath 620 sqft $1,100
8507 WELBECK WAY Montgomery Village, MD 20886
Photo of 8507 WELBECK WAY, Montgomery Village, MD 20886 (MLS # MC8311489)
2 beds 3 baths $259,900
20320 BUTTERWICK WAY Montgomery Village, MD 20886
Photo of 20320 BUTTERWICK WAY, Montgomery Village, MD 20886 (MLS # MC8309745)
4 beds 4 baths $386,000
19818 BILLINGS CT Montgomery Village, MD 20886
Photo of 19818 BILLINGS CT, Montgomery Village, MD 20886 (MLS # MC8309671)
3 beds 4 baths 2,040 sqft $275,000
8503 TINDAL SPRINGS DR Montgomery Village, MD 20886
Photo of 8503 TINDAL SPRINGS DR, Montgomery Village, MD 20886 (MLS # MC8309085)
3 beds 4 baths 3,811 sqft $399,900
9503 DUNBROOK CT Montgomery Village, MD 20886
Photo of 9503 DUNBROOK CT, Montgomery Village, MD 20886 (MLS # MC8308571)
3 beds 3 baths $1,650
9705 ECLIPSE PL Montgomery Village, MD 20886
Photo of 9705 ECLIPSE PL, Montgomery Village, MD 20886 (MLS # MC8308234)
4 beds 3 baths $485,000
10725 WAYRIDGE DR Montgomery Village, MD 20886
Photo of 10725 WAYRIDGE DR, Montgomery Village, MD 20886 (MLS # MC8307900)
4 beds 3 baths $384,900

Sold Listings in Montgomery Village

20115 Welbeck Ter Montgomery Village, MD 20886
Photo of 20115 Welbeck Ter, Montgomery Village, MD 20886 (MLS # MC8291736)
3 beds 3 baths $0
8718 Delcris Dr Montgomery Village, MD 20886
Photo of 8718 Delcris Dr, Montgomery Village, MD 20886 (MLS # MC8285035)
4 beds 4 baths 2,364 sqft $0
20533 Strath Haven Dr Montgomery Village, MD 20886
Photo of 20533 Strath Haven Dr, Montgomery Village, MD 20886 (MLS # MC8282068)
3 beds 2 baths 1,404 sqft $0
18628 Pier Point Pl Montgomery Village, MD 20886
Photo of 18628 Pier Point Pl, Montgomery Village, MD 20886 (MLS # MC8273637)
3 beds 3 baths 1,740 sqft $0
10108 Ridgeline Dr Montgomery Village, MD 20886
Photo of 10108 Ridgeline Dr, Montgomery Village, MD 20886 (MLS # MC8272360)
3 beds 3 baths $0
9 Battery Bend Ct Montgomery Village, MD 20886
Photo of 9 Battery Bend Ct, Montgomery Village, MD 20886 (MLS # MC8270497)
3 beds 4 baths $0
18707 Pier Point Pl Montgomery Village, MD 20886
Photo of 18707 Pier Point Pl, Montgomery Village, MD 20886 (MLS # MC8270396)
3 beds 2 baths $0
10253 Cove Ledge Ct Montgomery Village, MD 20886
Photo of 10253 Cove Ledge Ct, Montgomery Village, MD 20886 (MLS # MC8267444)
3 beds 3 baths 1,424 sqft $0
9605 Stewartown Rd Ne Montgomery Village, MD 20886
Photo of 9605 Stewartown Rd Ne, Montgomery Village, MD 20886 (MLS # MC8265706)
2 beds 2 baths $0
5 Bethany Ct Montgomery Village, MD 20886
Photo of 5 Bethany Ct, Montgomery Village, MD 20886 (MLS # MC8264375)
5 beds 3 baths 3,276 sqft $0
19423 Transhire Rd Montgomery Village, MD 20886
Photo of 19423 Transhire Rd, Montgomery Village, MD 20886 (MLS # MC8261733)
2 beds 2 baths 1,080 sqft $0
20204 Grazing Way Montgomery Village, MD 20886
Photo of 20204 Grazing Way, Montgomery Village, MD 20886 (MLS # MC8261730)
2 beds 3 baths 1,248 sqft $0
8838 Thomas Lea Ter Montgomery Village, MD 20886
Photo of 8838 Thomas Lea Ter, Montgomery Village, MD 20886 (MLS # MC8260966)
3 beds 3 baths 2,036 sqft $0
15 Crested Iris Ct Montgomery Village, MD 20886
Photo of 15 Crested Iris Ct, Montgomery Village, MD 20886 (MLS # MC8260309)
3 beds 3 baths 1,626 sqft $0
9857 Dockside Ter Montgomery Village, MD 20886
Photo of 9857 Dockside Ter, Montgomery Village, MD 20886 (MLS # MC8258869)
2 beds 3 baths $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
K-7, private