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

$244,900 Average Price
1,376Avg Home Size
1980Avg Year Built

Owners vs Renters

Local vs National Home Values

 LocalNational
Zillow Home Value Index $241,200 $176,500
Median Single Family Home Value $436,100 $175,900
Median Condo Value $221,800 $181,100
Median 2-Bedroom Home Value $163,300 $135,600
Median 3-Bedroom Home Value $239,000 $169,300
Median 4-Bedroom Home Value $341,200 $285,300
Percent Homes Decreasing 27% 28.5%
Percent Listing Price Reduction 44.1% 36.9%
Median List Price Per Sq Ft $169 $112
Median List Price $246,800 $215,000
Median Sale Price $244,900 $211,300
Homes For Sale 0 0
Homes Recently Sold 0 0
Property Tax $1,983 $2,081
Turnover (Sold Within Last Yr.) 4.9% 3.9%
Median Value Per Sq Ft $166 $120
1-Yr. Change 2.3% 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

10008 BATTLERIDGE PL Montgomery Village, MD 20886
Photo of 10008 BATTLERIDGE PL, Montgomery Village, MD 20886 (MLS # MC8488501)
3 beds 4 baths $1,795
20236 GRAZING WAY Montgomery Village, MD 20886
Photo of 20236 GRAZING WAY, Montgomery Village, MD 20886 (MLS # MC8487823)
2 beds 2 baths 2,128 sqft $240,000
20021 SPUR HILL DR Montgomery Village, MD 20886
Photo of 20021 SPUR HILL DR, Montgomery Village, MD 20886 (MLS # MC8487303)
3 beds 4 baths $259,000
20413 HIGHLAND HALL DR Montgomery Village, MD 20886
Photo of 20413 HIGHLAND HALL DR, Montgomery Village, MD 20886 (MLS # MC8486764)
5 beds 4 baths $519,900
20305 TROLLEY CROSSING CT Montgomery Village, MD 20886
Photo of 20305 TROLLEY CROSSING CT, Montgomery Village, MD 20886 (MLS # MC8486580)
4 beds 4 baths 2,248 sqft $339,900
9239 CHADBURN PL Montgomery Village, MD 20886
Photo of 9239 CHADBURN PL, Montgomery Village, MD 20886 (MLS # MC8485848)
3 beds 2 baths $214,900
19012 MILLS CHOICE RD, Unit 6 Montgomery Village, MD 20886
Photo of 19012 MILLS CHOICE RD, Unit 6, Montgomery Village, MD 20886 (MLS # MC8485468)
2 beds 1 bath 842 sqft $1,300
9852 SAILFISH TER Montgomery Village, MD 20886
Photo of 9852 SAILFISH TER, Montgomery Village, MD 20886 (MLS # MC8484507)
2 beds 3 baths 1,160 sqft $260,000
19615 CLUB LAKE RD Montgomery Village, MD 20886
Photo of 19615 CLUB LAKE RD, Montgomery Village, MD 20886 (MLS # MC8484357)
3 beds 3 baths $215,000
9425 COLLETTE WAY Montgomery Village, MD 20886
Photo of 9425 COLLETTE WAY, Montgomery Village, MD 20886 (MLS # MC8482517)
3 beds 3 baths $1,595
19317 KEYMAR WAY Montgomery Village, MD 20886
Photo of 19317 KEYMAR WAY, Montgomery Village, MD 20886 (MLS # MC8482269)
3 beds 2 baths 1,244 sqft $220,000
9316 GRAZING TER Montgomery Village, MD 20886
Photo of 9316 GRAZING TER, Montgomery Village, MD 20886 (MLS # MC8481804)
3 beds 3 baths $249,900
8676 WELBECK WAY Montgomery Village, MD 20886
Photo of 8676 WELBECK WAY, Montgomery Village, MD 20886 (MLS # MC8481708)
2 beds 2 baths $165,000
9306 BREMERTON WAY Montgomery Village, MD 20886
Photo of 9306 BREMERTON WAY, Montgomery Village, MD 20886 (MLS # MC8481591)
3 beds 4 baths $210,000
9600 SWALLOW POINT WAY Montgomery Village, MD 20886
Photo of 9600 SWALLOW POINT WAY, Montgomery Village, MD 20886 (MLS # MC8480983)
4 beds 3 baths $399,000

Sold Listings in Montgomery Village

19227 Dunbridge Way Montgomery Village, MD 20886
Photo of 19227 Dunbridge Way, Montgomery Village, MD 20886 (MLS # MC8471255)
4 beds 3 baths $0
19125 Brooke Grove Ct Montgomery Village, MD 20886
Photo of 19125 Brooke Grove Ct, Montgomery Village, MD 20886 (MLS # MC8465211)
4 beds 3 baths 2,677 sqft $0
21 Battery Bend Ct Montgomery Village, MD 20886
Photo of 21 Battery Bend Ct, Montgomery Village, MD 20886 (MLS # MC8459730)
3 beds 4 baths 1,936 sqft $0
9804 Hellingly Pl #103 Montgomery Village, MD 20886
Photo of 9804 Hellingly Pl #103, Montgomery Village, MD 20886 (MLS # MC8455963)
2 beds 3 baths 1,298 sqft $0
18715 Walkers Choice Rd #1 Montgomery Village, MD 20886
Photo of 18715 Walkers Choice Rd #1, Montgomery Village, MD 20886 (MLS # MC8452960)
1 bed 1 bath $0
9918 Maple Leaf Dr Montgomery Village, MD 20886
Photo of 9918 Maple Leaf Dr, Montgomery Village, MD 20886 (MLS # MC8452709)
3 beds 3 baths $0
19906 Ivoryton Pl Montgomery Village, MD 20886
Photo of 19906 Ivoryton Pl, Montgomery Village, MD 20886 (MLS # MC8451360)
4 beds 4 baths $0
8607 Welbeck Way Montgomery Village, MD 20886
Photo of 8607 Welbeck Way, Montgomery Village, MD 20886 (MLS # MC8450834)
3 beds 3 baths $0
19906 IVORYTON PL Montgomery Village, MD 20886
Photo of 19906 IVORYTON PL, Montgomery Village, MD 20886 (MLS # MC8451360)
4 beds 4 baths $2,150
8856 Welbeck Way Montgomery Village, MD 20886
Photo of 8856 Welbeck Way, Montgomery Village, MD 20886 (MLS # MC8446491)
3 beds 3 baths $0
9731 Hellingly Pl #37 Montgomery Village, MD 20879
Photo of 9731 Hellingly Pl #37, Montgomery Village, MD 20879 (MLS # MC8443687)
2 beds 1 bath 866 sqft $0
20535 Strath Haven Dr Montgomery Village, MD 20886
Photo of 20535 Strath Haven Dr, Montgomery Village, MD 20886 (MLS # MC8443518)
2 beds 2 baths $0
20535 STRATH HAVEN DR Montgomery Village, MD 20886
Photo of 20535 STRATH HAVEN DR, Montgomery Village, MD 20886 (MLS # MC8443518)
2 beds 2 baths $1,450
19307 Thomas Farm Rd Montgomery Village, MD 20886
Photo of 19307 Thomas Farm Rd, Montgomery Village, MD 20886 (MLS # MC8438964)
3 beds 2 baths 1,320 sqft $0
10142 Ridgeline Dr Montgomery Village, MD 20886
Photo of 10142 Ridgeline Dr, Montgomery Village, MD 20886 (MLS # MC8437673)
4 beds 3 baths 1,515 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